Slavic401k Streamline Statements for Participants
Boca Raton, Florida – When the opportunity presents itself to better serve your customers, you should take it. It is with this idea in mind that Slavic401k is pleased to announce a partnership with O’Neil Digital Solutions that will offer Slavic401k customers streamlined quarterly statements both in print and digital formats.
With over 30 years in business, Slavic401k serves over 100,000 401(k) participants across 5,000 work sites and 100 PEOs. The company supports the PEO format which allows unrelated employers the opportunity to work together to create economies of scale and aggregate work sites to achieve better purchasing power for 401(k) plans, workers’ compensation and even healthcare.
As part of ongoing efforts to improve customer experience at Slavic401k , the company recognized previous statement layouts were nearly 10 years old. The statements were complex, lacked cohesiveness. Slavic401k felt they could slightly confusing to plan participants and wanted to improve their experience.
As a Relius daily valuation recordkeeping system user, Slavic401k needed a solution provider that could integrate with the system effectively. O’Neil Digital Solutions offered experience in integration with Relius for consumption of data from that system.
O’Neil has been working with Slavic401k over the past several months to design and deploy the technology to put the data into the necessary infrastructure. The O’Neil composition team will process all the necessary plan and participant data and has created custom templates for all Slavic401k plans. O’Neil will also manage the printing of documents and providing electronic versions as well.
When asked to comment on the relationship with O’Neil Digital Solutions, John Slavic, CEO and president of Slavic401k said, “From the very first meeting through today, I have been thoroughly impressed by the level of technical expertise, efficiency of product management and the overall friendly, accommodating nature of everyone at O’Neil Digital Solutions. The quality of the product that we have received has exceeded our expectations.”
The new technology will better service PEOs, worksites and participants. Individual PEO logos will be featured in their statements and a variety of different color templates have been created to ensure brand continuity.
The system has allowed for over 100 different customized versions of statements and option for placement of tailored advertising within statements.
Based on Slavic401k’s research of other available solutions in the marketplace, it is estimated the company can save roughly 80% on electronic and nearly 50% on physical statements by using O’Neil Digital Solutions.
About Slavic 401k
Slavic401k is a third-party administrator (TPA) and recordkeeper of 401(k) retirement savings plans, and is dedicated to providing industry-leading multiple employer 401(k) plans (MEPs) to businesses nationwide. Slavic401k is also a FINRA Broker/Dealer and SEC Registered Investment Advisor (RIA). Slavic401k wholeheartedly believes that its 401(k) plans help to create a more stable workforce, in addition to improving retirement-readiness across the United States. Slavic401k’s custody and trading platform is provided by Fidelity Investments. To learn more about Slavic401k’s products and services, visit www.slavic401k.com.