First Union Launches Evergreen Connect k.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov. 1, 2001 First Union's (NYSE NYSE See: New York Stock Exchange :WB) Benefit Services Group launched an innovative, cost-efficient Adj. 1. cost-efficient - productive relative to the cost cost-effective efficient - being effective without wasting time or effort or expense; "an efficient production manager"; "efficient engines save gas" , internet-based 401(k) product called "Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Connect k" that is accessible at www.EvergreenConnectk.com. Evergreen Connect k is available to small businesses, typically with five or more employees, seeking to start a new 401(k) plan. While Evergreen Connect k is an internet-based 401(k) product, it also offers plan sponsors and participants the option of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. human interaction. When registering for Evergreen Connect k, plan sponsors may elect to work with a financial professional in setting up and maintaining their 401(k) plan. Plan sponsors control the amount of interaction they desire from the financial professional by choosing from multiple service programs; sponsors may elect to work directly with their financial professional or may choose to handle all aspects of their plan online. "Our goal at First Union is to meet the varying needs of our participants and plan sponsors," said Joe Ready, director of First Union's Benefit Services Group. "Evergreen Connect k meets a wide range of needs-plan sponsors may choose either to set up and administer their plan completely online or to work with a financial professional that is specifically assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. to their plan." Plan sponsors may choose from 41 funds, including Evergreen Funds and third-party funds offered through 10 other mutual fund family alliances. First Union partnered with Denver-based Fast401k to offer Evergreen Connect k. Fast401k is a leader in the online 401(k) industry, offering the first independent and unbiased 401(k) plan on the internet. By offering a complete online 401(k) solution, Fast401k provides online enrollment functions and participant-specific services as standard features to every client. This enables plan sponsors to concentrate on their businesses, and gives employees the peace of mind that comes from being financially prepared for their retirements. To set up an Evergreen Connect k plan, companies may visit www.EvergreenConnectk.com or call toll free 866.368.3436 to be paired with a local financial professional. About First Union's Benefit Services Group (BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) With over $40 billion in assets under care, First Union's Benefit Services Group offers a wide array of retirement products and is the 16th largest defined contribution/401(k) provider in the nation. First Union is committed to providing fully-bundled defined contribution, defined benefit and nonqualified retirement plans that exceed customer expectations. Headquartered in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , the Benefit Services Group services retirement plans for almost 500,000 participants. For more complete information about the Benefit Services Group, please visit them on the web at firstunion.com/401k or call 800.917.9343. About Fast401k Fast401k is the leading provider of "e401k" solutions to major financial institutions and specializes in delivering highly scalable, web-based retirement products through private-label partnerships. Fast401k's platform is designed to deliver cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. and flexible solutions that enable financial institutions to provide institutional quality retirement plans to their small and medium sized business customers. Based in Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. , Colorado, Fast401k, Inc. is privately-held. For more complete information about Fast401k, visit them online at www.fast401k.com or call 303.830.9070. Mutual funds are not FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured, not bank guaranteed and may lose value. For more information about Evergreen Funds, please contact your financial professional or visit our website EvergreenInvestments.com for a prospectus. The prospectus contains more complete information, including fees and expenses, and should be read carefully. |
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