SaverNation℠ Wins 2013 Bank Innovation Award

The first cash back program for 401(k) plans is recognized for great contributions to innovation in the financial services industry

SANTA MONICA, Calif.--(BUSINESS WIRE)--SaverNation, the first cash back program for 401(k) and other workplace retirement plans, was awarded a 2013 Bank Innovation Award from Bank Innovation, the bank customer experience blog. The Bank Innovation Awards are presented annually to financial services companies that go beyond the obvious to produce great financial results or innovations of particular note.

“We’ve always known the SaverNation Program is unique in its ability to help people save more for retirement easily, painlessly, and automatically. It is rewarding to see how it is being embraced by Bank Innovation, the industry, employers and employees.”

The patent-pending SaverNation Program solves the number one reason people don’t save enough for retirement: they can’t afford to. SaverNation creates cash back from everyday purchases and automatically converts it to extra pre-tax 401(k), 403(b) or 457 contributions. With SaverNation, people can now maintain their current spending and save for the future at the same time.

“Innovations are great, but they resonate more when the innovation is an aspect of financial services that appears to be neglected or unworthy of innovation. This is the space in which SaverNation has chosen to focus and that toil merited it a 2013 Bank Innovation Award,” said JJ Hornblass, Executive Editor & Publisher of Bank Innovation and Chairman of Bank Innovation 2013. “The retirement industry has suffered for decades from the save-or-spend dilemma. SaverNation enables saving for tomorrow without having less to spend today. For that, SaverNation received a 2013 Bank Innovation Award.”

“We are extremely proud and excited to be selected a 2013 Bank Innovation Award winner,” stated Marc Robinson, Founder of SaverNation. “We’ve always known the SaverNation Program is unique in its ability to help people save more for retirement easily, painlessly, and automatically. It is rewarding to see how it is being embraced by Bank Innovation, the industry, employers and employees.”

The other 2013 Bank Innovation Award winners are Bancorp, BBVA and Fidor Bank AG. The awards were presented on March 18 at the Bank Innovation annual conference in San Francisco.

About SaverNation

SaverNation is the first cash back program for 401(k) and other workplace retirement plans. The SaverNation Program automatically converts cash back from everyday purchases into extra pre-tax 401(k), 403(b) or 457 contributions. SaverNation also works with IRAs and Roth IRAs. The patent-pending program is the result of a joint effort from independent pension, payroll, and loyalty marketing experts, including Dallas Salisbury of EBRI, Bruce Ashton of Drinker Biddle & Reath, Brian Graff of ASPPA, and Dan Maddux of the American Payroll Association. For more information on the company and its program, visit www.savernation.org or call 310-256-3560.

About Bank Innovation

Bank Innovation is the forum for bankers on creative strategies for customer acquisition and retention. Every month, more than 15,000 industry executives from around the world rely on Bank Innovation for insights on the latest tools for and techniques in customer experience in banking. To participate in Bank Innovation, visit www.bankinnovation.net.