Sunday, June 17, 2007

Chicago Based Shared Office Space Provider Expands Employee 401(k) Program

Chicago Based Shared Office Space Provider Expands Employee 401(k) Program

The key to growing a great business is to surround yourself with people greater than you at what they do. Amata Office Centers understands this and that is why they have enriched the benefits they provide their employees during these difficult economic times. All it takes is one visit to an Amata Office Suite to understand the employees make the business successful.

Chicago, IL (PRWEB) August 18, 2009

As companies look for ways to reduce their costs and take control of their expenses, more are turning to the $12 billion shared office space industry. In Chicago, Amata Office Centers is giving companies more reasons than just lower costs to scrap their traditional office space and move to an Executive Office Suite (http://www. amatacorp. com/amata-difference. asp). The reasons revolve around access to better, more productive support personnel and lower turnover of key staff members.

"Our employees work directly for our clients. They are their office manager, personal assistant and receptionist. With the resources of Amata Office Centers, we can provide better trained personnel than our clients can hire on their own. A big part of this is maintaining low turnover during good and bad economic times," states Ron Bockstahler CEO of Amata Office Centers.

While most companies are looking at ways to reduce the cost of benefits they provide their employees to cope with the difficult economy, Amata is doing just the opposite. Working in partnership with their 401(k) administrator, Pension Performance, Amata has expanded the eligibility criteria for their 401(k) and profit-sharing programs. Now all full-time and part-time employees can participate in both programs, the time of employment requirement has been reduced from one year to 90 days, the open enrollment period has been changed to quarterly versus annually and Amata added a provision that allows employees the option to take out loans against their plan assets. These changes to the programs are in direct response to requests and comments from the Amata employees.

Executive Office Suites provide office space (http://www. amatacorp. com/executive-suites/) and virtual office space (http://www. amatacorp. com/virtual-office/) to companies of all sizes and in all industries. With five centers in Chicago and Naperville, IL, Amata has over 500 clients using their services. Mr. Chalupa, President of Amata Office Centers adds, "What most companies don't account for is the institutional knowledge that is lost whenever key staff members quit. Many of our clients have been with us for several years and we feel a responsibility to make sure they do not lose institutional knowledge because our employees leave for a better compensation package." For this reason Amata provides health and dental insurance; and 401(k) and profit sharing programs that can rival fortune 500 companies, with the family style work atmosphere you get from a small company. To experience the benefits Amata Office Centers can provide your company visit www. amataoffices. com].

Pension Performance, Inc. has provided full-service, employer-sponsored retirement plan administration and consulting since 1997. They assist small to mid-size employers in the design, implementation and administration of a wide range of defined contribution plans. To learn more about the services offered through Pension Performance, Inc visit them at www. pensionperformanceinc. com].

Media Contact:
Ron Bockstahler (317) 451-4691