Georgia Firm Adds Electronic Payroll Connection

December 6, 2007 ( - Norcross, Georgia-based Peachtree LBP, the Administrator for LBP 401(k) Plus, says that monthly participant contributions are now available through either direct employer payroll deductions or electronic transfer from participant accounts.

“The addition of direct payroll deductions for LBP 401(k) Plus reflects our continuing effort to align the experiences of LBP 401(k) Plus with those of a traditional 401(k) plan for both participants and human resource personnel,” said Tim Trankina, President, in a press release. “The new feature is simple to implement, with all payments handled electronically, and is now available for selection as part of our standard, turnkey enrollment process.”

Peachtree LBP Finance Company, LLC is the Administrator of LBP 401(k) Plus and a subsidiary of Peach Holdings, Inc. LBP 401(k) Plus is a turnkey, individually owned retirement program that emulates a traditional 401(k) plan for highly compensated employee-participants, while permanently eliminating top-heavy, non-discrimination testing issues for employer/sponsors.

For further information about Peachtree LBP or LBP 401(k) Plus, please visit