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The Online 401(k)’s Partnerships with Payroll Providers Enable Small Firms to Compete
The Online 401(k)™ enables independent payroll providers like E-chx to deliver integrated payroll and 401(k) packages.
SAN FRANCISCO (August 30, 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, announced its partnership with E-chx Inc. This partnership will enable small businesses to access a comprehensive payroll and 401(k) solution from independent providers, free from hidden fees that often accompany larger providers.
E-chx Inc., headquartered in Rochester, New York, was founded in 2001 and provides complete payroll services on a national level to over 6,000 customers. E-chx specializes in payroll service solutions targeted to small and medium sized businesses, leveraging secure web technologies to meet customer’s ever-changing demands.
Brad Wayne, President of E-chx says “E-chx partnering with The Online 401k is very exciting, and makes great business sense. Being able to offer a fully integrated, cost-effective 401k solution to our existing and potential clients allows E-chx to maintain a competitive advantage in the industry.”
Both The Online 401(k) and E-chx are dedicated to providing customized solutions that outshine the approach of most large organizations, while delivering a cost-effective and truly robust solution. Both organizations share a focus on solutions that are easy to use and powerful enough to meet the unique requirements of small businesses.
The Online 401(k) introduced its offering to small businesses as a smart, affordable alternative to the products with hidden fees present in the overwhelming majority of 401(k) providers. The Online 401(k) allows small businesses to directly manage its 401(k) plan online while also making dedicated personal customer care a top priority.
Chad Parks, CFP® and CEO of The Online 401(k) says “E-chx directly complements the way that The Online 401(k)™ works and gives small businesses the best of both worlds: A comprehensive solution previously available only from large organizations, with the personalized attention of a small firm. 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.”
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. Once the 401(k) plan is set up, employee’s 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), please visit www.theonline401k.com.
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We particularly enjoy the employee homepage feature and real time online processing. I would recommend E-chx to any company that is looking for an affordable and high quality payroll service company to outsource payroll.
- Thanks,
Amy T. Seto, CPA
Chief Financial Officer
Baltimore Community Foundation
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