“We are aflame to acquaint this new able-bodied belvedere to our customers,” said Barrie Christman, admiral and arch controlling administrator of Arch Bank. “This web-based annual allows administration to electronically accomplish contributions and alteration funds into agent HSAs, automating the absolute process. The development of this arrangement represents the charge of The Arch to the HSA marketplace, and added importantly, to actuality accessible to do business with.”
The accomplishing of the Arch Absolute Connect Bloom Accumulation Accounts annual eliminates the charge for administration to accelerate cardboard forms or checks to Arch Coffer for HSA contributions, abbreviation the time and paperwork associated with administering HSAs. This new annual will save administration time while additionally acceptance administration to:
— Forward HSA contributions deducted from employee’s amount electronically to Arch Coffer application the Automated Clearing House (ACH).
— Pay fees and accomplish contributions to Arch Coffer for bloom accumulation annual participants.
— Move money, through automation, into anniversary participant’s blockage annual with Arch Bank.
— Review HSA News for added advice and updates through the alerts provided on the employer page.
“The development of this employer apparatus is one added archetype of our charge to transforming healthcare through bloom accumulation accounts and adjustable account designs that animate agent participation,” said Jerry Ripperger, administrator for customer bloom for the Arch Cyberbanking Group. “For years The Arch has been allowance administration administer retirement accounts with this aforementioned technology. It’s accustomed again for us to accommodate the aforementioned capabilities for our bloom plans. Having advance management, bloom affliction and cyberbanking adeptness beneath one roof gives us the adeptness to advice our administration get the best out of their account dollars.”
The Arch began alms HSAs with aerial deductible bloom affairs (HDHPs) in September 2004. The Arch HSA is accessible to anyone who has a able HDHP either through The Arch or through addition allowance provider.
The Arch continues to attending at new means to brainwash consumers about bloom accumulation accounts including a contempo HSA calculator that allows individuals to appraisal abeyant savings. This calculator and added assets are accessible at: http://www.principal.com/bank/products/hsa/index.htm.
About Arch Coffer
Established in 1998, Arch Coffer was one of the aboriginal absolute banks accustomed and accountant by the Office of Thrift Supervision as a federal accumulation coffer and has accomplished accelerated advance to $1.265 billion in assets as of December 31, 2005. Arch Coffer is a affiliate of the Arch Cyberbanking Group.
About the Arch Cyberbanking Group
The Arch Cyberbanking Group(R) (The Arch (R))(1) is a baton in alms businesses, individuals and institutional audience a advanced ambit of cyberbanking articles and services, including retirement and advance services, activity and bloom insurance, and cyberbanking through its assorted ancestors of cyberbanking casework companies and civic arrangement of cyberbanking professionals. A affiliate of the Fortune 500, the Arch Cyberbanking Group has $205.3 billion in assets beneath management(2) and serves some 16.0 actor barter common from offices in Asia, Australia, Europe, Latin America and the United States. Arch Cyberbanking Group, Inc. is traded on the New York Stock Exchange beneath the ticker attribute PFG. For added information, appointment www.principal.com.
(1) “The Arch Cyberbanking Group” and “The Principal” are registered annual marks of Arch Cyberbanking Services, Inc., a affiliate of the Arch Cyberbanking Group.
(2) As of March 31, 2006.
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