The Online 401k Announces Partnership with Mangrove
SAN FRANCISCO, CA, August 20, 2008 - The Online 401kŪ (www.theonline401k.com), the leading provider of full-service Web-based 401k plans for small and single-proprietor businesses, continues to strengthen its relationship with payroll software companies, signing a partnership with Mangrove. The Tampa-based software company offers one of the most comprehensive Human Resource Management, Payroll, Self-Service and Benefits Administration solutions available. This partnership will allow small businesses to access an integrated solution that was once only available to large businesses at a steep cost.
For years, The Online 401k has been a pioneer in working with companies like Mangrove to bring small businesses a reasonably priced, one-stop solution for 401k and payroll services. Unlike larger payroll conglomerates that layer on dozens of proprietary ancillary products, The Online 401k and its payroll partners combine their respective specialties to create a "best-of-breed" solution providing big-business features and convenience at small-business prices.
"We continuously strive to develop new options to create efficiencies for Mangrove clients. Partnering with The Online 401k provides yet another vehicle to meet the diverse needs of small businesses," Richard Cangemi, CEO of Mangrove, stated. "This relationship presents a one-stop approach for the small business customer, offering them a convenient, affordable and easy-to-use solution for their retirement services and payroll needs."
Setting up a plan through The Online 401k and Mangrove's integrated solution is a simple 30-minute online process. Data is seamlessly transferred between the two systems each payroll period, saving the small business time and money.
Chad Parks, founder and CEO of The Online 401k explains, "This partnership with Mangrove is just another sign that times are evolving. Through these partnerships, we've shown our commitment to small businesses by offering them affordable payroll and retirement services in a convenient and flexible package."
About The Online 401k
The Online 401k is the nation's leading provider of Web-based retirement plan solutions for the small to middle market. Headquartered in San Francisco, CA, the firm provides plan administration and management services to more than 3,500 small businesses in all fifty states. For more information on The Online 401k, visit www.theonline401k.com.
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