HR Works partners with Genesee Valley Trust to promote revolutionary 401(k) offering
HR Works Inc. has partnered with Genesee Valley Trust Company to promote GVT’s innovative 401(k) plan to HR Works clients.
“When HR Works set out to find the best possible 401(k) offering for our own employees, we learned why GVT’s model is superior to standard offerings,” said Candace Walters, president of HR Works. “Not only does GVT’s ‘discretionary trustee’ approach provide better-quality funds for our employees’ investments, but it also lowers plan expenses and relieves HR Works of significant fiduciary liability.
“As clients, we’re impressed with how GVT’s plan is helping our employees achieve their retirement-savings goals,” she adds. “We believe that our clients also will benefit by offering their own employees a GVT 401(k) plan with the same outstanding features.”
GVT’s discretionary trustee model was highlighted in early 2007 in an article in The Wall Street Journal, in which Walters was quoted about HR Works’ experience in seeking a high-quality, affordable 401(k) arrangement that also offers a rarely available feature – an easing of the employer’s fiduciary responsibilities for the 401(k) options it provides employees.
“We’re excited about this alliance because it underlines a philosophy that HR Works and GVT share: a commitment to protecting the business owner and enhancing employees’ work experience,” Walters adds.
As part of the partnership, Genesee Valley Trust will provide a free fiduciary audit to any HR Works client that requests it.
For more information, contact HR Works at (585) 381-8340 x111 or toll-free at 877-219-9062.
