Ceridian Partners with ETF Recordkeeper Invest n Retire
MINNEAPOLIS‚ MN, March 4‚ 2010 -- Ceridian Corporation‚ a leading provider of managed human resource‚ employee benefits administration‚ tax filing and payroll outsourcing solutions‚ announced today that it has partnered with Invest n Retire‚ LLC (INR)‚ a recordkeeper in Portland‚ Ore.
Ceridian understands that the purpose of a 401k plan is two-fold. The primary purpose is to help employees save money to reach their retirement goals. Studies illustrate that retirement savings plans‚ such as 401k plans‚ will be a prevalent source of retirement wealth for many Americans. The secondary purpose is to allow employers to differentiate themselves by offering an attractive retirement savings program to their employees.
Ceridian and Invest n Retire’s first joint project is to provide services to the National Retirement Security Plan™ (NRSP)‚ a multiple employer plan. Invest n Retire® will provide recordkeeping services for NRSP and Ceridian will provide payroll services for each employer that joins NRSP. Childrey Investment Partners‚ LLC‚ an ERISA §3(38) investment fiduciary‚ has designed age-based model portfolios for the participants using Vanguard exchange traded funds (ETFs).
About Ceridian
Ceridian is a global business services organization that offers a comprehensive range of innovative solutions. From human resources and benefits to accredited employee assistance‚ work-life and health and productivity services‚ Ceridian helps organizations maximize their human‚ financial and technology resources. As a leader in payroll outsourcing‚ gift cards and controlled spending‚ Ceridian is also a driving force in payment innovation. Whether partnering to improve employee productivity‚ save money or minimize financial risks‚ Ceridian’s business is to help organizations stay focused on their business. For more information about Ceridian’s comprehensive array of human resource solutions‚ visit www.ceridian.com or call 800-729-7655.
About Invest n Retire
Invest n Retire, LLC (INR), a Delaware Limited Liability Company located in Portland Ore., is a technology company that is leading the industry in innovation in solving problems which plague the 401k market. Using the latest technology, INR continues to develop its uniquely designed (patent pending) system and methodology for managing tax-deferred retirement accounts.
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