Decimal, Inc. Launches The Online 401(k)™ to Provide Convenience, Savings and Simplicity to Small Businesses Nationwide

Total retirement solution can be deployed as private label, co-branded platform by financial institutions and small business service providers or as a direct online 401(k) plan for small businesses to help attract and retain loyal employees

SAN FRANCISCO (October 5, 1999) - Decimal, Inc. (www.theonline401k.com), the online retirement company, today introduced The Online 401(k)™ retirement planning solution. The Online 401(k)™ is designed to help bridge the gap for the 80% of small businesses that still don’t have a 401(k) plan in place for their employees. Decimal’s retirement planning solution was developed to meet the needs of those 85 million Americans that currently do not have access to this important savings tool.

The Online 401(k)™ is an easy and affordable retirement plan small businesses can use to attract and retain top-level talent. The Online 401(k)™ will also be offered as a private label or co-branded technology platform to financial institutions, small business service providers and other trusted small business resource providers to enable them to grow their important small business customer base.

"Small businesses are a market segment that has been historically under-served when it comes to retirement planning, specifically 401(k) plans," said Christine Carolan, vice president at T. Rowe Price and Decimal’s advisory board member. "Our focus is to provide the most convenient, simple and affordable 401(k) plans for small businesses, either directly or through targeted distribution channels, that leverage the Web to offer greater savings to plan sponsors."

The Online 401(k)™ is a comprehensive, fully digital online retirement solution that can be customized to meet the many needs of small businesses as well as the distribution partners that serve them. As an independent and unbiased retirement company, Decimal can offer plans that are unburdened by legacy systems and commission structures that traditionally have made retirement plans too expensive and unfit for small businesses.

"As a Certified Financial Planner, I was often confronted with long-standing practices in the financial industry that made retirement planning a time-intensive, laborious process as well as hidden fees that erode plan participants’ 401(k) accounts," said Chad Parks, CFP, president and chief executive officer of Decimal, Inc. "Through Decimal and The Online 401(k)™, we have built a solution that already exceeds industry expectations, by not only making the process efficient and hassle-free for both administrators and participants, but by also waiving all hidden costs and wrap fees to help participants reach their retirement goals."

For Small Businesses

The Online 401(k)™ is an easy, affordable and all-inclusive plan that enables small businesses to offer a more competitive employee benefit package — one that attracts and retains top talent. As a single source provider, Decimal enables small businesses to coordinate all aspects of their 401(k) plan, saving time and money. The Online 401(k)™ features complete online plan administration and testing, daily valuation recordkeeping, access to the best multiple fund families, fund selection assistance, 24/7 access to their accounts and plan status by employees, and a dedicated Customer Relationship Manager for both plan sponsors and plan participants. This solution offers a unique subscription-based pricing structure that does not charge an asset-based fee and allows a small business to deploy the plan to all of their employees for one all-inclusive monthly fee.

For Distribution Partners

Through its open architecture model and technology partners, The Online 401(k)™ can also be offered as an outsourced private label or co-branded solution for financial institutions, online business centers, payroll companies, certified public accountants and others who service small businesses. For its distribution partners, The Online 401(k)™ is an end-to-end solution they can quickly deploy to augment their small business offering.

About Decimal, Inc.

Small Businesses. Big Plans.

Decimal is an online retirement company that leverages the power of the Internet to offer small businesses a new breed of Web-based retirement plans. Founded by a team of industry experts, Decimal’s first product is The Online 401(k)™, an all-inclusive, fully digital plan targeted at small business owners and related distribution channels to provide convenience, simplicity and savings. The company is headquartered in San Francisco, CA and can be reached toll-free at 1-877-775-401k or through www.theonline401k.com.

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