The Online 401(k) and Alliance Benefit Group Announce Alliance Partnership

"Co-opetition" between two 401(k) providers breaks new ground

SAN FRANCISCO (February 24, 2006) – Decimal, Inc., (www.theonline401k.com) the leading national provider of full-service Web-based 401(k) plans for small and single-person businesses, today announced its partnership with Alliance Benefit Group (ABG), a nationally-recognized retirement plan administrator based in Peoria, IL. This partnership will allow both organizations to provide flexible, effective 401(k) services for the full spectrum of businesses, both large and small.

Although the organizations would seemingly be in competition, they are in fact complementary to one another.  The alliance is motivated by the two organizations’ belief that businesses of all sizes should be able to have an independent 401(k) solution that discloses all fees upfront to its clients. 

The Online 401(k) specializes in serving clients with less than 100 employees, while Alliance Benefit Group specializes in businesses with more than 100 employees.

Decimal introduced its offering, The Online 401(k), to small businesses as a smart, affordable alternative to the products with hidden fees present in the overwhelming majority of 401(k) providers. The Online 401(k) allows small businesses to directly manage its 401(k) plan online while also making dedicated personal customer care a top priority.

Chad Parks, CFP^® and CEO of Decimal says “Alliance Benefit Group directly complements the way that The Online 401(k) works and gives the opportunity for both small and large businesses to benefit from an independent, unbiased 401(k) provider that will give them a flexible 401(k) plan which discloses all the fees upfront.  We are excited about the opportunity to work with Alliance Benefit Group.”

About The Online 401(k)
Based in San Francisco, CA, The Online 401(k) provides 401(k) plans for more than 1,800 small businesses across all 50 states. Small businesses interested in learning more about The Online 401(k) can request a quote at www.theonline401k.com and receive a customized proposal via e-mail.

About Alliance Benefit Group (ABG)
Headquartered in Peoria, IL, ABG has independently owned and operated offices in more than fifteen cities across the United States and provides retirement plan services for more than 3,300 plans with over $5.9 billion under investment management. For more information about Alliance Benefit Group, please visit www.abgnational.com.

E-mail us at press@theonline401k.com
or call us at 877.775.401k.