GoldK Reaches Milestone With 25th New TPA Partner
Strong Growth Follows Implementation of New Focused Approach to Retirement Plan Recordkeeping
WALTHAM, MA, November 17, 2003 -- GoldK, a leading benefit process outsourcer for employer-sponsored online retirement plans, has reached a major milestone with the signing of its 25 Third Party Administrator (TPA) in just 60 days. In September, GoldK launched its new technology, investment and recordkeeping platform, which has met with overwhelmingly positive feedback from clients.
TPAs nationally have been aligning themselves with this open-architecture, low-cost and full disclosure platform. Through the combination of virtually unlimited fund choices, coupled with the Individual Brokerage Account services offered through Ameritrade, GoldK can offer recordkeeping at the highest possible level without being in competition with its own TPA clients.
GoldK's focus exclusively on TPAs presents a unique opportunity to build a network of strong TPA partners. Because GoldK does not compete with its TPA customers, the company distinguishes itself from the rest of the field," said Patrick Farzaroli, GoldK Executive Vice President of Sales. "One of my ongoing priorities is to expand the TPA advisory council so that we can perfect the tools that TPAs need and want to grow their business and increase their profitability. With the support, efficiency and accuracy of GoldK technology and resources, I believe we are in a superior position to deliver."
About GoldK
GoldK (www.goldk.com) is focused solely on delivering a low-cost, efficient technology, investment and recordkeeping platform for third party administrators (TPAs). The GoldK platform greatly reduces the administrative burdens on TPAs by providing a feature rich, fully integrated retirement platform for financial advisors, plan sponsors and participants. In 2002, Defined Contribution News named GoldK the retirement industry's "Online Provider of the Year", a newsletter published by Institutional Investor, Inc. Based in Waltham, Massachusetts, GoldK was founded in 1999. Its lead investors are venture capital firms Lazard Technology Partners and TH Lee Putnam Ventures.
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