New Combination Links Advisor, e-401k Bids

May 18, 2001 ( - Online RFP provider 401kExchange has teamed up with service provider Emplanet in a deal designed to offer financial advisors broader access to sales tools and plan sponsor prospects.

Under the agreement, 401kExchange will provide its Web-based proposal request-analysis services with Westborough, Massachusetts-based Emplanet’s sales, management tools and educational resources.

Emplanet’s services are targeted to help financial advisors set-up, sell and manage 401(k) plans for small and medium-sized businesses online. 401kExchange is based in West Palm Beach, Florida.

Using the 401kExchange online proposal request-quote services platform, Emplanet will be able to tap into a new source of both advisor and direct sold 401(k) business opportunities and to quickly respond to any online proposal requests with customized proposals.

Emplanet’s services include:

  • Online fee quotes, sales support materials and automated plan design/implementation
  • Automatic enrollment services
  • Automated eligibility tracking and notification
  • Proactive communication to employees alerting them to important dates and transactions
  • Web and phone access to transaction information on a round the clock basis
  • Ability to offer investment choices through a range of fund families