UNIFI, Paycor Team Up for Integrated Service

December 10, 2007 (PLANSPONSOR.com) - Third-party administrator UNIFI has teamed up with payroll provider Paycor to create an integrated offering for small and medium-sized businesses.

Cincinnati-based Paycor works with UNIFI Companies Retirement Plans, headquartered in Lincoln, Nebraska, to reduce the amount of time a business spends gathering administrative data. According to a press release, the streamlined, integrated process also improves reliability by automatically transferring retirement information from payroll records to the retirement plan administrator.

For the business that wants to sponsor a retirement plan, Paycor and UNIFI Companies Retirement Plans offer flexible plans and assist with the complicated details, fiduciary responsibilities, due diligence, monitoring and evaluation of their fund portfolio that can be burdensome for smaller businesses, according to the firms.

“Paycor and UNIFI Companies Retirement Plans are focused on the same goals: excellent service, customer satisfaction, and helping businesses offer a valued benefit to current and prospective employees,” said Bob Coughlin, Paycor’s chief executive officer, in a press release announcing the alliance.   “This relationship allows us to offer a seamless and integrated process for the complicated tasks of 401(k) record-keeping and administration.”

“We’re very excited about our strategic alliance with Paycor,” said Ed Deeds, vice president of sales and marketing for UNIFI Companies Retirement Plans. “Our business models match up very well for services we can provide to small- to medium-sized businesses. This relationship presents great opportunities for Paycor, UNIFI Companies Retirement Plans and our clients.”

Paycor, Inc. has more than 13,000 clients nationwide, and was recently named the payroll service provider of the year for 2007 by the Independent Payroll Providers Association.   UNIFI Companies Retirement Plans is an affiliation of Ameritas Life Insurance Corp. and The Union Central Life Insurance Company’s retirement plans divisions. These companies represent the retirement plans products and services of the UNIFI Companies.