Today at NAPEO’s 2019 Annual Conference & Marketplace, PrismHR, the leading HR technology software powering payroll benefits and HR for small and medium-sized businesses across the U.S., and Slavic401k, the leading provider of 401(k) services to the HRO industry, today announced a broad, strategic partnership that will make it easier for HR Outsourcing (HRO) companies to deliver Slavic401k’s leading retirement products and services to their clients and worksite employees. Additionally, the partnership will help improve the participation and financial wellness for employees that partner with HROs that use Slavic401k and PrismHR.
This partnership will help HROs that use Slavic401k and PrismHR:
- Streamline and reduce the costs and complexities of offering and managing 401(k) plans, bringing the benefits of a secure retirement to millions of employees across the US
- Enable worksite employees to improve their financial wellness by better understanding their overall investment strategies and impact, and then funding their 401(k) appropriately
- Identify potential small business prospects that have a high likelihood of converting to 401(k) participants
“We look forward to this new evolution in our longstanding partnership with PrismHR, and are confident that the deep integration resulting from this new strategic partnership will be a true game-changer for HROs, worksites and employees alike,” said John Slavic, President & CEO of Slavic401k.
“Small businesses are looking for new ways to offer good benefits and retain top employees. Encouraging their employees to participate in 401(k) plans and invest wisely is great for business and great for employees,” said Gary Noke, President and CEO of PrismHR. “Together, we’re making it easier for HR Outsourcers, their clients and employees to make smart decisions that secure employees’ financial futures.”
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 88,000 organizations and over 2 million worksite employees, processing greater than $57 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit http://www.prismhr.com.
In business since 1985, Slavic401k is a recordkeeper and third-party administrator of 401(k) retirement savings plans. Slavic401k is dedicated to providing innovative, efficient and cost-effective retirement solutions. Slavic401k manages over $5 billion in assets and serves over 120 Professional Employer Organizations (PEOs), 10,000 worksite clients, and 175,000 participants nationwide. To learn more about Slavic401k, visit http://www.slavic401k.com.