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Products April 1, 2010
PEO Provider Pairs with The Hartford for 401(K)
April 1, 2010 (PLANSPONSOR.com) - Smart-Tek Automated Services, Inc. has signed an agreement to offer its client employees a 401(k) plan through The Hartford Financial Services Group, Inc.
Reported by Nevin E. Adams
According to a press release, Smart-Tek Automated Services, Inc., a subsidiary of Smart-Tek Solutions, Inc., recently entered the PEO market with a strategy of attracting clients through enhanced employee benefits.
By allowing each client to select a customized 401(k) plan structure, Smart-Tek says it is able to provide a necessary level of flexibility. Smart-Tek establishes a separate 401(k) plan document with each client, an approach that it says provides “insulation for each client from defects in plan operation of the other clients”.
Smart-Tek Automated Services, Inc. provides financial services to small and medium-size businesses, noting that it relieves “our clients from many of the day-to-day tasks that negatively impact their core business operations such as payroll processing, human resources support, workers’ compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing – staff leasing, temporary staffing and co-employment.” The firm says it not only provides core services but a wide selection of employee and employer benefits and aftermarket products.
More information is available at http://www.smart-tekservices.com