MPOWER TO PROVIDE HEWITT ASSOCIATES WITH RETIREMENT INVESTMENT ADVICE
Source: mPower
Leading HR/Management Consulting Firm to Offer mPower Investment Advice and Education to its Employees
SAN FRANCISCO, May 4, 2000 - mPower, formerly 401k Forum, the leading provider of online retirement investment advice, today announced they will be providing investment advice to more than 10,000 employees at Hewitt Associates.
Starting in July, Hewitt's employees will have access to mPower's institutional-quality advice services as well as its award-winning retirement investment educational content. Last fall, mPower signed an agreement with Hewitt to offer investment advice services to Hewitt's employee benefit delivery clients. Hewitt, the largest provider of defined contribution services for large employers, delivers programs to more than 4.3 million employees.
"We first joined together with mPower to provide our clients' employees with objective, affordable and personalized financial advice," said Dave Wille, director, Total Rewards, Hewitt Associates. "It was an easy decision to offer that same advice and user-friendly tools to our own associates at Hewitt, in order to help them prepare for a financially stable retirement."
Hewitt joins a list of brand-name companies now offering mPower's retirement investment advice services to their employees. Other plan sponsor clients include: Fujitsu, Blue Shield, Perot Systems and Southwest Airline Pilots' Association.
"We pride ourselves on being Hewitt's choice for investment advice services," said Steve Deschenes, President of mPower. "We're pleased to count the leading HR benefits consulting firm as not only a partner, but also a client."
Through plan provider partners, mPower now has the opportunity to reach over 16 million participants with retirement advice services.
MPOWER'S ADVICE SERVICES INCLUDE:
- Objective institutional quality advice
- Personalized, fund-specific recommendations that factor in each individual's unique financial situation, risk tolerance and retirement goals
- Plan information in one convenient, accessible location
- "What if" functional capabilities, allowing participants to see the impact of altering certain variables such as risk tolerance or investment time horizon
- Retirement income gap analysis
- Availability 24-hours a day from home or work, 7 days a week
- Award winning retirement education content
- Full balance and transaction integration
About mPower
mPower.com, Inc. (http://www.mpower.com) is the holding company of mPower Advisors, LLC, a registered online investment advisor located in San Francisco. The company is dedicated to delivering independent and objective online investment education and advice to investors with 401(k), 403(b) and 457 plans and individual retirement accounts. Under the mPower umbrella is the 401Kafé (http://www.401kafe.com), the first independent online community and content site dedicated exclusively to 401(k) participants nationwide, and IRA Junction (http://www.irajunction.com), the information station for investors with individual retirement accounts.
About Hewitt
Hewitt Associates LLC (www.hewitt.com) is a global management consulting firm specializing in human resources solutions. The firm is the largest provider of multi-service outsourcing solutions, providing employee benefit delivery programs to more than 12 million employees and their dependents.
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