San Francisco (February 14, 2005) -- PensionOnline, Inc. a leading provider of technology products for the retirement services and tax industries, today announced the formation of a professional services group. This new organization provides custom software development and joint creation of technology products for pension and tax professionals.
Marco Brown, PensionOnline President and CEO stated, "We have clients with unique needs that off-the-shelf software does not address. Now we create custom technologies to help them better serve their clients by leveraging our expertise in software creation and application know-how. In addition, if the solution has broad industry appeal we can create the technology, then jointly market it through our direct and in-direct channels."
Alliance Benefit Group, a national network of benefit plan consultants and administrators recently entered the Health Savings Account (HSA) marketplace. Noting the lack of technology specific to this emerging market they turned to PensionOnline for help. "PensionOnline leveraged their retirement plan experience to create our web based HSA calculator quickly and cost effectively." said John Blossom, President of Alliance Benefit Group.
Benefit Plans Administrative Services, Inc. of Utica, NY (BPA) has also utilized the new professional services offering. Barry S. Kublin, President, notes, "We were in need of an online system to capture data, process a series of complex calculations, and generate a report back to the client. As a user of PensionOnline's Retirement Plan Proposal Software for years, they were the first firm we contacted. Their knowledge base made them uniquely qualified for the project."
In addition, PensionOnline is also adding data conversion services and management consulting. Service providers can now outsource cumbersome data issues to a trusted and experienced partner. Lastly, the firm is providing management consulting to retirement and tax professionals seeking an unbiased, third-party-view into their operation.