Deals & People September 19, 2007

Great West Appoints Three 401(k) Sales Execs

Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) business.
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The new sales directors are Erik R. Woodin, who will focus on sales in Idaho, Montana and North Dakota; Guy Ridout, whose territory includes Alaska and the state of Washington; and James Noack, who will cover South Texas, including Houston and Austin.

Woodin and Ridout were previously internal wholesalers at Great-West Retirement Services. Noack joins the firm from the Principal Group where he served as a senior sales representative.

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“They strengthen our ability to deliver exceptional retirement plan solutions to the corporate market,” said William Harmon, vice president-401(k) sales for Great-West Retirement Services, in an announcement.

Great-West Retirement Services provides 401(k), 401(a), 403(b), and 457 retirement plan services to 21,000 plans representing approximately 3.5 million participants with $104 billion in assets as of December 31, 2006.

Products September 19, 2007

Online 401(k) Teams with E-chx

The Online 401(k) has partnered with E-chx Inc., to offer a combined 401(k)-payroll service.
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The two companies will offer the combined service to smaller firms that include features normally available to their larger counterparts.

“We are looking forward to enhancing E-chx’s offering with our 401(k) solution, which suits the needs of their customers and is easy to get up and running as well as maintain,” said Chad Parks, CEO of The Online 401(k), in a press release.

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E-chx Inc., headquartered in Rochester, New York, was founded in 2001 and provides payroll services on a national level to more than 6,000 customers.

Small businesses interested in learning more about The Online 401(k) and E-chx can request a quote at http://www.theonline401k.com/go/e-chx.

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