The Online 401k Partners With MPAY
SAN FRANCISCO, CA, November 10, 2006 -- MPAY (www.mpay.com) and The Online 401k ™ (www.theonline401k.com ) today announced their partnership to bring payroll bureaus and their small business clients an easy-to-use, fully integrated, comprehensive 401k and payroll solution.
With an integrated payroll and 401k solution, small businesses can implement a 401k plan that is easy to run and eliminates repetitive tasks each pay period. Small businesses realize the value of a 401k plan and see it as a tool to boost employee morale and retention. However some small businesses are still concerned about how much time and effort it takes to manage a 401k plan. A 401k plan that is integrated with payroll can help alleviate these concerns.
"Payroll and 401k really go hand in hand. Having both of these key functions integrated is a great proposition for small businesses who need convenience and flexibility," said Chad Parks, CFP®, President & CEO of The Online 401k. "We are very pleased to partner with a payroll software leader like MPAY; we are confident that our integration will help both our companies better compete in a market where convenience and time savings drive the majority of decisions for small businesses."
Traditional time-consuming tasks are performed in an efficient manner using these time-saving procedures:
- Payroll files are seamlessly sent by the client's payroll provider to The Online 401k
- Census files are seamlessly sent by the client's payroll provider to The Online 401k
- 401k funds are sent directly by their payroll provider via ACH
Small businesses interested in learning more about The Online 401k can request a quote at www.theonline401k.com/go/mpay and automatically receive a customized proposal via e-mail. Companies can easily establish their 401k plan, thanks to a streamlined plan adoption process. Once the 401k plan is set up, employees access 401k and investment education, select their investments and manage their individual 401k accounts, all from the convenience of their desktop.
About MPAY Inc.
MPAY Inc. (www.mpay.com) is a payroll software and services company that has been able to combine superior technology with simplicity, allowing their clients to get the most out of their workday. Millennium, the PC product, and Payentry.com™, Web-based payroll product, are MPAY's proprietary products. The combination of superior service and products provide all the functionality of the most expensive in-house payroll systems, while still providing an outsourced payroll solution. Our products provide supervisors and employees with convenient and secure access to payroll information. MPAY Inc. is determined to satisfy all of your needs by also offering workers compensation, human resources, time and attendance, employee self service, and much more.
About The Online 401k
The Online 401k is a Web-based retirement plan solution built to address the 401k needs of small businesses. The Online 401k has been featured in USA Today, The Wall Street Journal, CNN Money, Bloomberg, LA Times, Kiplingers and many more media outlets. For more information on The Online 401k, please visit www.theonline401k.com.
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