AmCheck Announces Free 401k Plan to Businesses Through End of Year.PHOENIX -- AmCheck Corp. announced immediate availability of the AmCheck[R] 401k through John Hancock Pensions[R] with no set-up fees whatsoever for new clients. The 401k plan is a special template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the plan that makes customers using the plan have some features that are not changeable. For instance, the 5-year vesting schedule Vesting Schedule Schedule setting forth when, and to what extent, options become exercisable or restricted stock or stock units are no longer subject to forfeiture (for example, 20% per year over five years). and the selection of over 85 funds cannot be modified. The plan is however very flexible in the fact that company match amounts, waiting periods, age to enter, even a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. election and more can all be determined by the customer. AmCheck executives hope that by deploying this offer to businesses nationwide, it spurs new business revenues in the fourth quarter. "The mere fact that this type of plan normally costs $4500 and is available to small businesses nationwide at no cost to engage is remarkable. Also, because AmCheck[R] has coordinated the third party administration (TPA (Transient Program Area) See transient area. TPA - Transient Program Area ), trust services and payment remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. , the customer does not have to lift a finger," stated Dean Lucente, AmCheck President. Customers will have to pay for monthly maintenance fees for the plan and some restrictions do apply. "We have been extremely happy with the performance, options and the online services available for our employees," stated Martin Galindo, President, Precision Installation, Inc. an AmCheck customer. Founded in 1996, AmCheck is a nationwide leader in payroll services, human resource services and Employee Benefit solutions for businesses of any size. The company offers a wide range of products and services designed to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems clients through great customer service, customization and convenience. For more information on AmCheck visit www.amcheck.com or call at 1-888-AMCHECK. |
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