Products February 13, 2007

New Payroll Alliances Announced for The Online 401(k)

The Online 401(k), a provider of full-service Web-based 401(k) plans for small and single-person businesses, has signed more than 40 strategic alliances with independent payroll providers across the country as of January 2007.
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These partnerships will enable small businesses to access a payroll and 401(k) solution from independent providers, according to a firm’s press release.

Those partners include:

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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. Once the 401(k) plan is set up, employees access 401(k) and investment education, select their investments and manage their individual 401(k) accounts – all online.

Deals & People February 13, 2007

SunGard and WMSI Launch Marketing Alliance

SunGard has announced a joint marketing agreement between its ProNvest and Signix business units with Wealth Management Systems Inc. (WMSI), a provider of technology-based rollover services.
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This alliance expands the professional advice and guidance services available to participants using the WMSI platform and will help ProNvest to streamline and expand its rollover processing by leveraging WMSI’s technology. Both companies will cross-sell to the other’s customer base.

The new arrangement integrates SunGard’s professional advice, rollover processing, and digital signature solutions with WMSI’s rollover technology to achieve a functional participant advice and distribution platform. According to a press release, highlights include:

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  • paperless document processing,
  • open-architecture investment advice, and
  • connectivity from SunGard recordkeeping systems to IRA product providers in WMSI’s Rollover Solutions Network.

These new rollover services can be provided either online or via a call center and will be offered to SunGard’s ProNvest and WMSI customers.

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