SOURCE: Synapses

May 05, 2008 08:00 ET

Synapses Launches Total Benefit Statement Service for Financial Advisors

Synapses' New Total Benefit Statement Arms Financial Advisors With a Unique Tool That Clearly Illustrates the Full Benefit of Employment

CHARLOTTE, NC--(Marketwire - May 5, 2008) - Synapses Inc., a leading provider of personalized 401(k) education, products and services, today announced the launch of a new Total Benefit Statement service that provides financial advisors with a new, comprehensive report detailing all employment benefits. Available today, the service stands as a powerful accompaniment to personalized 401(k) education tools and other materials currently being provided to organizations by their financial advisors.

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 is customized for the look and feel of the organization and can include the value of:

--  Medical and Prescription Drugs
--  Dental
--  Basic Life Insurance
--  Basic AD&D
--  STD Disability
--  LTD Disability
--  Employee Assistance Program
--  Flex: Med/Dependent Care
--  401(k) Match
--  Company Contribution
--  Paid Holidays / Vacation
--  Social Security
--  Unemployment Taxes
--  Taxes Saved
    

"Offering human resource departments a simple and easy method for depicting the true value of employment, the Total Benefit Statement also offers financial advisors yet another opportunity for engagement with customers," said Jim Saunders, President of Synapses. "Synapses continues to provide innovative and powerful tools that not only inform employees, but also stimulate the relationship between a financial advisor and their customers. We continue to receive significant praise for our clear commitment to offer state-of-the-art education tools unmatched in the industry."

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 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
    Email Contact
    310-574-8888