SOURCE: Synapses

June 09, 2008 08:00 ET

DAK Americas Deploys Synapses Total Benefit Statement for Employees

CHARLOTTE, NC--(Marketwire - June 9, 2008) - Synapses Inc., a leading provider of personalized 401(k) education, products and services, today announced that Charlotte, North Carolina-based DAK Americas selected the Synapses Total Benefit Statement service to provide all U.S. DAK employees with a comprehensive report detailing all employment benefits.

The new service accompanies the personalized 401(k) education tools and other materials currently being provided to DAK Americas' employees by Corporate Benefit Advisors, Inc. (CBA), DAK Americas' financial advisor and leading provider of employee benefit and corporate retirement plans. DAK Americas, a global supplier of Terephthalic acid (TPA) - Monomers, Polyethylene Terephthalate Resins (PET) and Polyester Staple Fibers (PSF), wished to further enhance proactive efforts in painting a full picture of employee benefits, augmenting its successful retirement education programs and materials already in place.

Serving as a personalized total compensation and benefits report for employees, Synapses' Total Benefit Statement illustrates that a salary only represents a portion of a complete compensation package. The report shows that other benefits can often be just as valuable as a paycheck. Using easy-to-read graphs and lists, the report can include the value of various benefits, including medical and prescription drugs, dental, life insurance, assistance programs, 401(k) matching, paid holidays/vacations, and even social security, unemployment taxes, and taxes saved.

"In an effort to reinforce and strengthen our commitment to top notch retirement education and materials for employees, we found the Synapses Total Benefit Statement offered through CBA to be a uniquely comprehensive look at the full scope of benefits," said N. Eammon G. Simmons, manager of compensation and benefits at DAK Americas LLC. "Not only are materials and service from Synapses stellar, but the data within its report brings powerful information to the hands of employees."

"The Synapses Total Benefits Statement serves as yet another avenue for us to innovatively serve DAK Americas as their employee benefit consultant," said William Byron, AIF, managing partner and consultant at Charlotte, North Carolina-based Corporate Benefit Advisors. "With technology and service unrivaled in the industry, Synapses continues to make its mark and serve the needs of employee benefit clients by offering a total benefits snapshot and a total value statement."

The Total Benefit Statement can play a vital role in illustrating that people are a company's best asset. For a sample Total Benefit Statement, contact info@synapses.com or call 704-321-4747.

About Corporate Benefit Advisors

Since 1991, the managing partners of Corporate Benefit Advisors, Inc. (CBA) have been working with corporations and businesses to evaluate, design, implement and communicate employee benefit and corporate retirement plans. CBA is committed to evaluating and understanding its clients' needs, creating solutions, and building long-term relationships. CBA's clientele represents a cross-section of industries and businesses located throughout the Southeast. CBA works with businesses ranging from small privately held firms to larger publicly traded companies. The company also represents international clients in Germany, the United Kingdom, and Hong Kong. CBA employs 28 benefit professionals and has a number of affiliates. With offices in Charlotte, NC and Davidson, NC, CBA's managing partners, consultants, professional client managers, and benefit specialists stand ready to assist clients in all aspects of their employee benefit and corporate retirement programs. Visit www.benefitsadvice.com.

About Synapses

Synapses Inc. is a leading innovator in personalized 401(k) education, products and services. Providing comprehensive process analysis, custom software design and implementation, as well as personalized education product development and delivery, Synapses has produced hundreds of thousands of individual personalized 401(k) education reports. By offering 401(k) providers, sponsors and financial advisors customized products, Synapses uses a proprietary product delivery infrastructure to provide astoundingly effective education that offers unique scalability to meet the demands of the retirement services market. Founded in 2005, Synapses is headquartered in Charlotte, North Carolina. For more information, please call 704-321-4747 or visit the Synapses Web site at www.synapses.com.

©2008 Synapses Inc. All rights reserved.

Contact Information

  • Press Contact:
    Matthew Zintel
    Zintel Public Relations
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    310-574-8888