|MINNEAPOLIS, May 13, 2004 — Flexsys America LP (Akron, Ohio) has retained American Express Retirement Services to provide bundled investment management services, daily recordkeeping, trust services, and employee education for its $40 million 401(k) savings plan. The plan will be serviced on American Express Retirement Services’ BlueStar® platform.
Flexsys America LP serves as the regional headquarters, customer service and technical center for Flexsys—the world's leading supplier of chemicals to the rubber industry. Flexsys is a joint venture owned by Solutia (USA) and Akzo Nobel (Netherlands), and has sales of approximately $500 million employing about 1000 people at over 20 sites throughout the world.
American Express Retirement Services, a service group of American Express Financial Advisors Inc., offers corporations, unions and municipalities, and their nearly 1 million workers nationwide with a complete package of financial education, recordkeeping, investments and trustee services for their qualified retirement plans. For more information on American Express Retirement Services, visit www.americanexpress.com/sponsors.
American Express Financial Advisors Inc. popularized early saving and investing programs for working people more than 100 years ago, helping give rise to financial planning, mutual funds and retirement plans in the past century. Today, American Express continues its commitment to individuals and corporations with its Financial Education and Planning Services unit of American Express Retirement Services, which delivers workplace financial education programs to more than 2 million workers nationwide.
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First use 05/13/2004
Registered investments and financial planning services are offered through American Express Financial Advisors Inc., Member NASD. American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer. Retirement plan and trust-related services are offered through American Express Trust Company.