Press Release
Decimal Expands Sales Team To Meet Growing Demand For Its 401k Solution
SAN FRANCISCO, CA, November 4, 2003 -- Decimal, Inc. (www.theonline401k.com), the online retirement company, announces the addition of four experienced sales professionals to its team. The four new Regional Sales Directors are located in Texas, Illinois, Massachusetts and Pennsylvania. This announcement comes on the heels of the launch of Decimal's new 401k referral program, the "Road to Retirement™ Network" (www.theonline401k.com/r2r).
"This is a very exciting time for Decimal," says Tom Zgainer, National Sales Director of Decimal. "With an average of 10 years of experience in working with retirement plans and growing distribution relationships, our new Regional Sales Directors bring an impressive amount of talent and seasoned experience to Decimal."
Decimal's Regional Sales Directors will focus on building a strong and sustainable base of distribution partners through the Road to Retirement™ Network (www.theonline401k.com/r2r) in their respective regions. They will recruit members (such as CPAs, Financial Advisors and Payroll Companies) to join the "Road to Retirement™ Network" and they will be responsible for direct sales to small businesses.
Michael Moore is the Regional Sales Director -- Mid South Region. He has worked in the financial services industry since 1982 with companies such as Kentucky Central Life, Merrill Lynch, LPL, First Mercantile Trust. He currently holds licenses Series 6, 7, 63, 65 and 24.
John Phelan is the Regional Sales Director -- New England Region. John brings to Decimal over twenty years of sales, marketing, customer service, relationship management, and operations experience in the financial services industry, with a strong emphasis on 401k retirement plans. He holds a MBA in Marketing from Boston College.
George Torrella is the Regional Sales Director -- Mid Atlantic Region. He has over 10 years experience in the pension business, his background includes work in Sales, Business Development and Communications, and Consulting with companies such as ADP, Nippon Life Insurance Company of America, USI, and Columbian Mutual Life Insurance. George holds Life, Health and Variable Annuity licenses and is NASD series 6, 63, and 7 licensed.
Jason Gross is the Regional Sales Director -- Midwest Region. Jason brings 8 years of sales and business development accomplishments in the retirement planning and insurance industries, including work with Great West Life/New England Financial for four years. Jason holds a B.A. in Economics and English from Northwestern University, in addition to NASD Series 6, 63 and Life and Health licenses.
"Some of our competitors in the e401k space are reassessing their business models, said Chad W. Parks, CFP™, President & CEO of Decimal. Some are laying off their sales force, and some have even decided to exit the small business 401k plan market altogether. In this tough market climate, those providers that have been reliant upon plan assets for their revenue are facing the most challenging times. In contrast, thanks to its flat fee revenue model, The Online 401k™ continues to service its small business clients in a way that is cost effective and in the client's best interest. In an economy that just recorded its seventh straight month of payroll decline, we are very fortunate to continue to experience a strong demand for our web-based 401k solution."
About Decimal
Decimal is an online retirement company that offers a new breed of web-based retirement plans to small businesses. In 1999, Decimal launched The Online 401k™; an all-inclusive, 401k solution designed for small businesses and related distribution channels to provide value, flexibility and service. Decimal also serves the one-person business retirement market with its web-based retirement plan called Single(k)™. The company is headquartered in San Francisco, has Sales Directors in 5 states and clients in 43 states. It can be reached at 1-877-775-401k or www.theonline401k.com.
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