|

Decimal, Inc. Expands its Reach in the 401(k) Market with Exclusive Partnership with TriNet, Leading HR Outsourcer
SAN FRANCISCO (March 27, 2001) - Decimal, Inc. (www.theonline401k.com), the online retirement company, today announced that TriNet Group, Inc. (www.trinet.com), a human resources (HR) outsourcer offering a single point of contact for benefits, payroll, and HR support, has selected its solution, The Online 401(k), as its exclusive 401(k) strategic partner.
TriNet's customers can now bring the benefits of The Online 401(k), an affordable, effective and comprehensive Web-based 401(k) solution, to their employees. TriNet's sales force will offer The Online 401(k) to its customers nationwide as part of its end-to-end HR solution. The Online 401(k) features complete online 401(k) plan administration and testing, daily valuation record keeping, fund selection assistance through Certified Financial Planners, online plan design, and 24/7 access to plan status along with a dedicated customer relationship manager. Companies can set-up their 401(k) plan using an online interface, and participants can manage their individual accounts entirely over the Web.
"After evaluating a number of Web-based 401(k) providers, The Online 401(k) stood out as the only provider that is truly independent and committed to offering an unbiased, quality 401(k) program that helps employees maximize their chances to meet their financial goals", said Greg Hammond, TriNet's Executive Vice President of Strategic Development.
Research shows that the 401(k) is now the fastest growing savings tool in the U.S., and it is likely to become the largest asset Americans own, with the possible exception of their home. In addition to the crucial role a 401(k) plays in an employee's financial future, it is also an effective recruiting and morale boosting tool an employer can use to remain competitive.
"We are very pleased that a leading and established HR outsourcer such as TriNet has selected our 401(k) platform," said Stephan Kyle, Decimal's VP of Strategic Alliances. "It allows us to further expand our presence in the small business 401(k) market. With customers across 18 states, we are growing very rapidly, and that's because our solution delivers everything it says it does for our partners and customers in one simple and easy to understand package."
About TriNet
TriNet provides a single point of contact for outsourcing benefits, payroll, and human resources support to fast-growth technology companies. The company currently has more than 500 fast-growth customers, and it works with the portfolio companies of such top-tier venture capital firms as Kleiner Perkins, Benchmark, Draper Fisher Jurvetson and Softbank. Headquartered in San Leandro, California, TriNet has offices in key technology markets throughout North America and Canada. For more information, visit www.trinet.com.
About Decimal, Inc.
Decimal is an online retirement company that offers a new breed of Web-based retirement plans that combine attentive customer support with cost effective Web delivery. Founded by a team of industry experts, Decimal’s first product is The Online 401(k); an all-inclusive, 401(k) solution designed for small businesses and related distribution channels to provide convenience, savings and service. Decimal also serves the one-person business retirement market with its web-based retirement plan called Single(k)™. The company is headquartered in San Francisco, CA and can be reached toll-free at 877-775-401k or through www.theonline401k.com.
E-mail us at press@theonline401k.com
or call us at 877.775.401k.
|