The Online 401(k) Hires Senior Vice President of Sales and Business Development Position added in response to fast-growing and sales and business development channels

SAN FRANCISCO (April 13, 2007) – The Online 401(k) (www.theonline401k.com), the leading provider of full-service Web-based 401(k) plans for small and single-person businesses, today announced its hire of Greg Munson as Senior Vice President of Sales and Business Development.

Mr. Munson will oversee all aspects of business development and marketing. Mr. Munson joins The Online 401(k) after fourteen years at Charles Schwab where he worked with more than 300 independent third party administrators and grew that business channel to over $40 billion in assets.

Mr. Munson has spent his entire working career in the retirement industry, having joined the financial services world at Bank of America’s Institutional Trust Department when 401(k) plans were first introduced to the marketplace. At Bank of America his responsibilities included plan consulting and recordkeeping, in addition to managing employee benefit trust and custody relationships.

At Charles Schwab, in addition to business development and relationship management for smaller to mid-level retirement plan relationships, Mr. Munson helped build the services of The Charles Schwab Trust Company from its founding in 1992 to one of the leading retirement custody platforms with $65 billion in assets under management.

As Mr. Munson comments, “I was thrilled to be invited to join The Online 401(k), knowing that its business model is perfectly aligned to our industry’s focus on fee transparency and emphasis on value. With the general dissatisfaction with bundlers and hidden fees, The Online 401(k) is poised for explosive growth.”

About The Online 401(k)

Small businesses interested in learning more about The Online 401(k) can request a quote at www.theonline401k.com and automatically receive a customized proposal via e-mail. Small businesses can easily establish their 401(k) plan, thanks to a streamlined plan adoption process. The Online 401(k) offers a wide variety of investments to choose from on multiple platforms. Once the 401(k) plan is set up, employees can access 401(k) and investment education, select their investments and manage their individual 401(k) accounts – all from the convenience of their desktop.

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