SANTA MONICA, Calif.--()--SaverNation, the first cash back rewards program for workplace retirement plans, will present its patent-pending program at the Plan Sponsor Council of America’s (PSCA) National Conference. Marc Robinson, Founder and CEO of SaverNation, will lead the workshop “Increasing Plan Participation and Contributions with the 401(k) Cash Back Program” at 9:30am (CDT) on Friday, September 14th.
“Increasing Plan Participation and Contributions with the 401(k) Cash Back Program”
“Everyone in our industry has the same goal: to boost participation and contribution rates to levels that will enable all Americans to retire comfortably. Unfortunately, most employees simply can't afford to save more. With SaverNation, employees no longer have to choose between saving and spending,” stated Robinson. “I’m thrilled to introduce SaverNation to PSCA members and demonstrate how easy it is for sponsors to implement and employees to generate extra pretax contributions from their regular monthly spending.”
SaverNation gives employees cash back for their normal monthly purchases and automatically converts it to extra pre-tax 401(k) contributions. More than 600 merchants, including nearly every national brand, participate in the program and give employees an average of 5% cash back on every online purchase. The SaverNation Program is a plan design feature that works with any workplace retirement plan.
“PSCA is excited to have Marc introduce SaverNation to our members,” said Bob Benish, Executive Director and Chief Operating Officer of PSCA. “PSCA prides itself on keeping our members at the leading edge of important trends and innovations. SaverNation is one of the most innovative programs that could pave the way for participating employees to save for retirement.”
The PSCA Conference is focused on helping Americans retire better with news on plan trends and features, legislative updates, and presentations tailored to the unique needs of small, mid-sized, and large plans. The event is held September 11-14, 2012 at the Roosevelt Hotel, New Orleans, LA.
SaverNation solves the number one reason people don’t save enough for retirement: they can’t afford to. SaverNation is the first cash back program for 401(k) and other workplace retirement plans. This national program is the result of a joint effort from independent pension, payroll, and loyalty marketing experts, such as Dallas Salisbury of EBRI, Bruce Ashton of Drinker Biddle & Reath, Brian Graff of ASPPA, and Dan Maddux of the American Payroll Association. SaverNation generates cash back from everyday purchases and converts it into extra pre-tax plan contributions, automatically.
About the PSCA
PSCA has been on the forefront of protecting America’s retirement system. PSCA assists more than six million plan participants and provides its members with programs and services to help them better manage their company’s retirement plans.