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Products April 23, 2008
Great-West, Ceridian Introduce Payroll Interface with 401(k)
April 23, 2008 (PLANSPONSOR.com) - Great-West
Retirement Services announced it has joined with Ceridian
Small Business Services to introduce a payroll interface
401(k) service that allows employers to reduce the
administration of their 401(k) plan.
Reported by Rebecca Moore
According to the announcement, direct technology shared between the Ceridian Payroll platform for small businesses and the Great-West Retirement Services proprietary 401(k) recordkeeping system allows employee and 401(k) participant data to be shared and updated in the course of the employer’s normal payroll processing.
Bill Harmon, vice president of 401(k) sales for Great-West Retirement Services, said in the announcement that Great-West and Ceridian will market the service to their existing and prospective clients.
Tom Connolly, vice president of business development at Great-West Retirement Services, added that the new service also enables advisers who sell Great-West Retirement Services products to better compete against other payroll service providers that offer 401(k) recordkeeping.
For more information, visit www.ceridian.com . More information about Great-West Retirement Services is at www.gwrs.com .