SAN JOSE, CA and LOS ALTOS, CA--(Marketwired - Mar 19, 2014) - Jemstep, a leader in online investment advice, and America's Best 401k, the leading provider of innovative 401k plan solutions for medium and small sized businesses, today announced a partnership to offer online investment advice as part of America's Best 401k plan offering. Now, through America's Best 401k, employees will have access to Jemstep's actionable, step-by-step investing guidance to select the asset allocation and funds that are right for their situation.
"In-plan retirement investing advice is in high demand, and we chose to partner with Jemstep for its unparalleled investment advice platform," said Tom Zgainer, CEO of America's Best 401k. "The high caliber of the advice Jemstep provides along with the ability to tightly integrate with our plan creates a perfect complement to our 401k plan offering."
Research by Aon Hewitt shows that employees who use employer-provided investment support saw on average an increase in returns by over 2% per year, which helps improve wealth accumulation over time. With access to investing advice within their 401k, employees will benefit from an SEC registered investment advisor providing guidance on how to invest their 401k and other retirement accounts.
"There is growing demand for online advice embedded within 401k plan offerings, and this is especially true for small and medium sized businesses that traditionally don't offer advice to their employees," said Simon Roy, President of Jemstep. "For most participants, deciding which funds to choose and how to allocate them is complicated, and we think that everyone deserves personalized investment advice regardless of where their accounts are held or the size of their savings. Working with America's Best 401k, we are delivering expert, unbiased advice, to create a cost effective online solution to help more people."
Plan participants receive Jemstep's online step-by-step guidance and support right in their 401k retirement plan to help ensure they are on track to reach their retirement goals. Jemstep helps people manage and grow all of their retirement accounts, including their 401ks, as a single portfolio of assets. Jemstep currently has more than 10,000 registered users and provides advice on more than $3 billion in assets.
For more information on Jemstep, visit www.jemstep.com.
Jemstep is the leading online investment advisor providing expert advice on how to invest your 401k and other retirement savings accounts. Based on Nobel Prize-winning economic research and patented portfolio optimization technology that reviews more than 38K mutual funds and ETFs daily, Jemstep delivers step-by-step guidance that is accessible, personalized and always unbiased. Jemstep works with employers and plan providers to give millions of Americans the investment advice they need to have a more secure retirement. A Registered Investment Advisor with the SEC, Jemstep is led by a team of experts with over 100 years' combined experience in financial management and technology innovation and development. Learn more at Jemstep.com.
About America's Best 401k
America's Best 401k is a leader in innovative 401k plan solutions for medium and small sized businesses. Bringing a completely unique offering to the small plan market, America's Best 401k combines strategic plan design, high touch service, and integrated asset allocation technology with greatly reduced investment related expenses. This unique commitment to high quality and lower fees drastically reduces the investment related expenses that exist in most 401k plans while increasing the likelihood of successful and expected financial outcomes for plan participants. Collectively we have helped over 3,500 companies obtain a new or improved retirement plan. The client base of America's Best 401k includes companies starting a plan for the first time, plans with over 2,000 employees, companies with plan assets over $100 million, and everything in between. Learn more at americasbest401k.com.