BERKELEY, Calif., July 29, 2020 /PRNewswire-PRWeb/ -- EvoShare, a microsavings oriented FinTech startup based in Berkeley, CA, and LDI-MAP LLC (d.b.a. iJoin), a uniquely personal, goal-based retirement plan experience for employees, headquartered in Scottsdale, AZ, are announcing their partnership to add a unique benefit to iJoin's participant experience. This partnership with iJoin, one of the most rapidly adopted retirement plan technologies in the industry, provides retirement investors an easy path to saving more for their financial future, powered by their existing spending habits.
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 Steve McCoy added, "When it comes to saving for retirement, every additional dollar matters. Evoshare's mission to capture a portion of everyday spending and convert that to additional retirement contributions aligns with our core goal of helping savers know–and reach--their retirement funding goal."
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 Forbes, Inc., Entrepreneur, and The Huffington Post. It won the 2019 DC Genie Award from 401(k) TV for "Best Financial Technology" and was a finalist for KNect365's 2019 Finovate Award for "Top Emerging Tech Company."
About LDI-MAP, LLC (dba iJoin):
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 State of Arizona – 14646 N. Kierland Boulevard, Suite 125 Scottsdale, AZ 85254. Learn more at http://www.ijoinsuccess.com.
SOURCE EvoShare
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