PAi to Administer Oppenheimer 401(k) Program

Payroll and retirement plan outsourcing firm PAi has announced a partnership to provide administration for the Oppenheimer Funds, Inc. Genesis 401(k) start-up program.

According to the announcement, the program offers two full-service solutions – the PLAN4TEN designed for employers with 10 or fewer employees, and the PLAN4MOST designed for all other employers. The Genesis 401(k) program allows sponsors to select up to 15 investment choices and up to 50% of funds selected can be from outside groups.

PAi support will include a Web site, call center, and other communications support, the announcement said. The Genesis 401(k) program may also be bundled with PAi’s payroll outsourcing solution, PLANPAYROLL.

PAi specializes in payroll and retirement plan outsourcing solutions for small businesses. More information is at