EvoShare and iJoin Partner to Bring a Unique Benefit to Retirement Plan Participants
EvoShare, a microsavings oriented FinTech startup based in
EvoShare's proprietary system turns a percentage of every dollar spent at over 10,000 partnered local and online stores into additional contributions for a financial savings account like a 401(k), 529 College Savings Plan or HSA. This, combined with iJoin's personalized, goal-based enrollment, engagement, and managed account program, can help drive participant engagement, satisfaction and success.
"iJoin's technology, like EvoShare's, delivers a one-of-a-kind experience for retirement savers and the retirement industry. Together, we can help millions of American workers figure out and ultimately achieve their retirement goals," said Eugeny Prudchyenko, CEO of EvoShare.
iJoin is a personalized, goal-based retirement plan experience for investors at every step of their savings journey. iJoin considers dozens of personal data points including each person's income, savings, age, location, gender, and retirement destination to calculate their retirement funding goal. This immediate clarity initiates suggestions to optimize individual savings potential to reach their retirement income goal. For recordkeepers using iJoin, it just got much easier to offer a powerful new incentive for enrollment and re-enrollment.
iJoin's CEO
EvoShare's revolutionary platform for recapturing spending as additional retirement contributions is another tool in iJoin's arsenal of retirement outcome personalization. Together, the two platforms will boost employees' long-term savings success, without sacrificing their present-day lifestyle.
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About EvoShare:
EvoShare is a financial platform that enables employees to save for their 401(k) or 403(b) while shopping online and locally at stores, bars, and restaurants. The service allows employees to spend at their favorite businesses, and receive up to 30% cash-back toward their retirement plan through their employer.
EvoShare is the premiere cash-back retirement savings program that is giving employees a new, automated way to save for their 401(k). EvoShare provides employers with a "set it and forget it" experience where plan participants can spend as usual at over 12,000 participating businesses and receive up to 20% cash back toward a financial account; 401(k) or 403(b) plan, IRA, HSA, student loan, or 529 plan. EvoShare has been featured in
About
The iJoin team is committed to personalizing retirement success™ and making it easy for millions of savers to get on a path to better retirement outcomes. As a financial technology partner to the retirement plan industry, iJoin's goal-based retirement plan enrollment experience helps people immediately understand their retirement funding need and encourages action to get on track. iJoin supports financial advisors and recordkeepers with actionable data and tools to more effectively engage both employers and their employees. LDI-MAP (d.b.a. iJoin) is a registered investment advisor with the
Read the full story at https://www.prweb.com/releases/evoshare_and_ijoin_partner_to_bring_a_unique_benefit_to_retirement_plan_participants/prweb17290073.htm
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