The 401k Retirement Plan Services business had been focused on administering retirement plans for small businesses of less than 300 employees. M&I Trust Company will continue to focus on large retirement plans and is unaffected by this transaction. The two acquiring companies are EMJAY Corporation, a wholly owned subsidiary of Great-West Life & Annuity Insurance Company, of Greenwood Village, Colo., and The Retirement Advantage, Inc., a Port Washington, Wis.-based company. Metavante will provide supporting technology services to the two companies for a transitional period of 12 to 24 months.
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