401kExchange.com Announces Powerful New Web Site Launched For 401k Brokers!Business Editors WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 27, 2000 401kX Portal Services, a new dimension in the burgeoning 401(k) industry, has been launched by 401kExchange.com, providing the industry's first-ever private label clearinghouse clearinghouse Institution established by firms engaged in similar activities to enable them to offset transactions with one another in order to limit payment settlements to net balances. for plan proposals. With this innovative service, 401kExchange.com establishes itself as the only company to deliver Web-based software that offers "electronic presentation" capabilities for Requests for Proposal (RFP's) and multi-plan/vendor analyses via its RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. clearinghouse operation to Broker-Dealers and their Financial Advisors. 401kExchange.com, Inc. is a five-year-old Internet business service provider (IBSP IBSP Island Beach State Park (New Jersey) IBSP Internet Business Service Provider IBSP In Building Service Provider ) that uses technology to create time and cost-saving efficiencies for both buyers and sellers of 401(k) plans by combining powerful software with industry specific business strategies bringing its deep domain experience, expert customer service and proprietary market research efficiently to the desktops of its customers. All its services are delivered through powerful online formats and platforms, including the company's retail Web site located at www.401kExchange.com and through its new 401kX Portal Services division where the company supports Broker-Dealer intranets, Service Provider Web sites, Private Exchanges, and other co-branded sites. "This new service is an especially significant breakthrough since it enables Broker Dealers to maintain their own Brand identity while reducing the overhead expense of back office proposal support for their Financial Advisors," noted Chris Lynch, President of 401kExchange.com, "and improving their sales efficiencies at the same time." "Our commitment to the 401(k) industry is to create and deliver online tools that add value to everyone in the marketplace," Lynch added, " and 401kX Portal Services is the latest innovation that underscores our commitment to "re-intermediate" the value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services of the Broker Dealer and Financial Advisors." 401kExchange.com, honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. by InfoWorld Magazine as one of the "Top 100 E-Business Innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. " in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is headquartered in West Palm Beach, FL. For more information, visit the Web site at www.401kExchange.com, e-mail DLanman@401kExchange.com or phone 561- 434-7735, ext. 226. |
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