The Online 401(k) partners with independent payroll companies to provide an affordable 401(k) and payroll package for small businesses

Small businesses now have one stop for affordable 401(k) and payroll services

SAN FRANCISCO (October 31, 2007) – The Online 401(k) (www.theonline401k.com), the leading provider of full-service Web-based 401(k) plans for small and single-proprietor businesses, announces payroll partnership growth numbers for 2007.

The Online 401(k) continues to build a specialized financial services platform based on creating tailored retirement plans catering to small businesses. One of the most unique features it offers is the partnership affiliate program.

By collaborating with independent payroll bureaus, The Online 401(k) continues to create an impressive resume of partnerships with well-established payroll companies across the United States. In contrast to the large consolidators that dominate the industry and provide payroll with dozens of ancillary services, The Online 401(k) and its payroll partners specialize in their respective services. This allows the small business client to access a “best-of-breed” solution that meets his or her company’s specific needs. Jason Roth from the Payroll Experts, LLC states, “Since partnering with the team at The Online 401(k), I can now offer small business owners an affordable full package including both payroll and retirement plan services. For many of our small business clients, an employee retirement plan seemed unattainable because of cost. Co-branded collateral has been a great instrument in communicating the customer service tools available to our client.”

Chad Parks, CEO of The Online401(k) explains, “For some entrepreneurs, this will be the first time they’ve set up a retirement plan for their company. It’s easy to get lost in a sea of customers when your payroll and 401(k) is with a larger company. Many of these larger companies began solely in the payroll sector— and have included retirement plan options as a lucrative after-thought. We present clients with access to an expert in both payroll and 401(k) at an affordable price.”

In 2007 alone, The Online 401(k) signed on 65 payroll partners with more than 26,000 small business clients. The company continues to cultivate new partner relationships and as these develop, the number of client options will continue to grow. Along with dedicated relationship managers, payroll companies who sign on as new partners gain access to customized marketing collateral, tools, proposals and Web site development assistance that they can use to grow their business.   

ABOUT THE ONLINE 401(k)

The Online 401(k) is the nation’s leading provider of Web-based retirement plan solutions for the small to middle market. Headquartered in San Francisco, CA, the firm provides plan administration and management services to individuals and businesses in all fifty states.

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.

For more information on The Online 401(k), visit www.theonline401k.com.

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