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Products January 26, 2009
SunTrust to Work with Denver Firm on Online 401(k)
January 26, 2009 (PLANSPONSOR.com) - The
Denver-based ePlan Services announced it has been selected by
SunTrust Banks to help develop an online 401(k) for the small
end of the retirement plan market.
Reported by Fred Schneyer
An ePlan news release said the company, which services the retirement plans of more than 3,500 small U.S. businesses, offers a product that uses the Internet to conduct all required set-up, administration, calculation, reporting, and recordkeeping services and to make certain that a plan is in full compliance with all applicable laws, rules, and regulations.
ePlan said sponsors and participants can choose to
access their account information online or may opt to
speak with retirement plan specialists via a
voice-response system.
“Partnering with ePlan Services has enabled us to
develop an affordable retirement plan for this segment
that couples the ease and flexibility of the Internet
with institutional quality features and the support of
experienced retirement professionals.” said Amy
Luek, SunTrust First Vice President, Sales and Product
Manager for the Online 401k product, in the
news release.
More information is available by calling
303.567.8910