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PayMaxx Develops 401(k) Plan With Fast401k

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NU Online News Service, Mar. 20, 1:13 p.m. – PayMaxx Inc., Franklin, Tenn., says it will be using Fast401k Inc., Denver, to offer a new, Web-based 401(k) plan, the Power401K.

PayMaxx, a payroll processing company, and Fast401k designed the program for employers with fewer than 100 employees.

Fund options include more than 100 no-load and load-waived mutual funds in 15 asset classes, PayMaxx says.

PayMaxx also offers optional tools for running the plans through automated, telephone-based systems, and by talking to live human benefits representatives, as well as through the Web site.