Decimal, Inc. Expands its Reach in the 401k Market with Exclusive Partnership with TriNet, Leading HR Outsourcer.Business Editors/High Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 27, 2001 Decimal Meaning 10. The numbering system used by humans, which is based on 10 digits. In contrast, computers use binary numbers because it is easier to design electronic systems that can maintain two states rather than 10. , Inc. (www.theonline401k.com), the online retirement company, today announced that TriNet Group, Inc. (www.trinet.com), a human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. (HR) outsourcer offering a single point of contact for benefits, payroll, and HR support, has selected its solution, The Online 401(k), as its exclusive 401(k) strategic partner. TriNet's customers can now bring the benefits of The Online 401(k), an affordable, effective and comprehensive Web-based 401(k) solution, to their employees. TriNet's sales force will offer The Online 401(k) to its customers nationwide as part of its end-to-end HR solution. The Online 401(k) features complete online 401(k) plan administration and testing, daily valuation record keeping, fund selection assistance through Certified Financial Planners Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. , online plan design, and 24/7 access to plan status along with a dedicated customer relationship manager. Companies can set-up their 401(k) plan using an online interface, and participants can manage their individual accounts entirely over the Web. "After evaluating a number of Web-based 401(k) providers, The Online 401(k) stood out as the only provider that is truly independent and committed to offering an unbiased, quality 401(k) program that helps employees maximize their chances to meet their financial goals", said Greg Hammond, TriNet's Executive Vice President of Strategic Development. Research shows that the 401(k) is now the fastest growing savings tool in the U.S., and it is likely to become the largest asset Americans own, with the possible exception of their home. In addition to the crucial role a 401(k) plays in an employee's financial future, it is also an effective recruiting and morale boosting tool an employer can use to remain competitive. "We are very pleased that a leading and established HR outsourcer such as TriNet has selected our 401(k) platform," said Stephan Kyle, Decimal's VP of Strategic Alliances. "It allows us to further expand our presence in the small business 401(k) market. With customers across 18 states, we are growing very rapidly, and that's because our solution delivers everything it says it does for our partners and customers in one simple and easy to understand package." About Decimal Decimal is an online retirement company that offers a new breed of Web-based retirement plans. Founded by a team of industry experts, Decimal's first product is The Online 401(k); an all-inclusive, fully digital plan designed for small to medium-sized businesses and related distribution channels to provide convenience, simplicity and savings. The company is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA and can be reached toll-free at 1-877-775-401k or through www.theonline401k.com. About TriNet TriNet provides a single point of contact for outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. benefits, payroll, and human resources support to fast-growth technology companies. The company currently has more than 500 fast-growth customers, and it works with the portfolio companies of such top-tier venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] as Kleiner Perkins, Benchmark, Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. and Softbank. Headquartered in San Leandro, California San Leandro is a city in Alameda County, California, United States. The population was estimated to be 81,466 as of January 1, 2007[1]. Weather is mild throughout the year. , TriNet has offices in key technology markets throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Canada. For more information, visit www.trinet.com. |
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