EvoShare and BPAS Launch Breakthrough IRA Savings Solution
EvoShare is partnering with BPAS, a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, to launch IRARewards, a breakthrough solution for retirement saving. IRARewards pairs a traditional or Roth BPAS Individual Retirement Account (IRA) with the EvoShare cash-back solution. It's a first of its kind IRA funded with cash-back earned by shopping at thousands of participating merchants across the nation.
EvoShare's proprietary system turns a percentage of every dollar spent at more than 12,000 local and online stores, restaurants, and other merchants into IRA contributions. EvoShare provides employees with a "set it and forget it" experience where they can spend as usual at participating businesses and receive up to 20% cash back toward retirement. It's a new, easy, automated way to save for retirement.
"When research showed that 27% of Americans have less than
"For too long, employees have only relied on their paycheck to save for the future. Now, they can use both their earnings and their daily spending to grow their nest egg," said Eugeny Prudchyenko, CEO of EvoShare. "With BPAS, we're able to deliver a one-of-a-kind experience for retirement savers and the retirement industry. Together, we can help millions of American workers achieve their retirement goals."
IRARewards participants enjoy a single sign-on that lets them manage their EvoShare and BPAS accounts, including their IRA, 401(k), health savings account, and
Participants simply download the Evoshare app and/or securely link their existing credit or debit card(s) to EvoShare. There is no need for a separate credit card account to get IRARewards. The cash-back earned with IRARewards is in addition to any other credit card incentives; it doesn't replace them. Participants simply shop and dine as usual at participating merchants. Cash-back earnings are automatically deposited into their BPAS IRA each month.
"It's truly free money invested into an IRA," added
For more information, visit IRARewards.com
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About BPAS
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans,
BPAS services:
BPAS specialty practices: Auto Enrollment Plans, Multiple Employer Trusts/Plans, Plans with
BPAS subsidiaries:
About EvoShare
EvoShare, a microsavings oriented FinTech startup based in
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