Insperity, Inc.(NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced that InsperityTM Retirement Services has extended its 401(k) plan recordkeeping services to financial institutions seeking to further automate and streamline their retirement plan offerings.
“With more than $2 billion in 401(k) plan assets, Insperity Retirement Services brings its strength and expertise in recordkeeping and plan administration to America’s best businesses,” said Neil Shifman, Insperity Retirement Services division president. “Now we are extending that capability to financial institutions that wish to better serve their clients by eliminating unnecessary paperwork and resulting headaches associated with 401(k) plans.”
Furthermore, this extension into the financial institution sector provides an additional opportunity for Insperity to serve small and medium-sized businesses by supporting their 401(k) plans.
Taking full advantage of Insperity’s automated recordkeeping and compliance services is First Business Trust & Investments, part of the First Business Financial Services, Inc. bank holding company.
“Insperity Retirement Services offers an important enhancement for our clients with a high-tech platform that allows us to effectively serve both participants and plan sponsors,” said Joan Burke, First Business Trust & Investments president. “This alignment with Insperity, a well-respected national company known for its stability and high standards, enhances our offerings and reflects our commitment to providing the best services to our clients.’’
First Business clients gain online access to detailed plan activity, on-demand reports and copies of plan documents for sponsor level support. Plan participants also gain full online access to their accounts, simplifying the process of enrolling or changing investment options, conducting transactions, and even applying for loans and withdrawals.
About First Business Trust & Investments
First Business Trust & Investments is a division of First Business Bank, a unit of First Business Financial Services (FBIZ), which is a $1.2 billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. It is the second-largest Wisconsin-based commercial bank holding company listed on NASDAQ or the NYSE. Its companies include: First Business Bank - Madison; First Business Bank - Milwaukee; First Business Bank - Northeast; First Business Trust & Investments; First Business Equipment Finance, LLC; First Business Capital Corp.; and First Business Factors. For more information on First Business Trust & Investments, visit http://www.firstbusiness.com or call (608) 218-8000.
About Insperity Retirement Services
Insperity Retirement Services delivers comprehensive 401(k) plan recordkeeping and administration services to thousands of small and medium-sized businesses and financial institutions, representing more than $2 billion in 401(k) plan assets. These full-service offerings minimize the burden of daily administration and compliance, assist employees in achieving their financial goals and help businesses attract and retain top talent.
Insperity, a trusted advisor to America’s best businesses for more than 27 years, provides an array of human resources and business solutions designed to help improve business performance. InsperityTM Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce OptimizationTM solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2012 revenues of $2.2 billion, Insperity operates in 57 offices throughout the United States. For more information, visit http://www.insperity.com.