Fund administrator BISYS has entered the 529 college savings market with its first contract with One Group Administrative Services, a subsidiary of
BISYS used its core platform that supports mutual funds and alternative investments to design a platform for 529 plans.
"Our agreement with One Group Administrative Services is a milestone for BISYS since it marks our entrance into a dynamic new segment of the financial services industry," ," said Bill Tomko, president of BISYS investment services group. "It demonstrates the strength and functionality of the accounting platform we [have built] to support the complex requirements of the 529 college savings plans."