Online investment advisor, Jemstep, has partnered with America’s Best 401k, provider of innovative 401k plan solutions for medium and small sized businesses, to offer online investment advice as part of America’s Best 401k plan offering. Through America¹s Best 401k, workers will have access to Jemstep’s step-by-step investing guidance to select the asset allocation and funds that are right for their situation, helping ensure they are on track to reach their retirement goals.
“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 America¹s 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.”
According to Jemstep, research by Aon Hewitt revealed that employees who use employer-provided investment support saw on average an increase in returns by more than 2 percent per year. This, Jemstep says, helps workers improve wealth accumulation over time. Having access to investing advice within their 401k also benefits employees because an SEC registered investment advisor will offer them guidance on how to invest their 401k and other retirement accounts, the company explains.