ALISO VIEJO, Calif., June 21, 2016 /PRNewswire/ -- vWise, the leading developer of innovative solutions for the employee benefits industry, announced today that Schwab Retirement Technologies®, a leading provider of comprehensive tools for retirement advisors and recordkeepers, will be offering clients two new state-of-the-art, digital applications from vWise: PowerViewSM and IRIOSM.
PowerView provides retirement plan participants with personalized videos that give them a clear view of their retirement savings progress — and motivate them to take immediate action. With PowerView, participants receive a personalized video via email. At a glance, it shows their current balance, year-to-date contributions, and employer matching funds (if applicable), and then uses those figures to project their balance at retirement. Designed to keep participants actively involved in saving and investing, PowerView provides personalized facts and figures as well as easy, specific next steps.
IRIO, also known as the Integrated Retirement Income Optimizer, is a powerful online tool that encourages participants to contribute more to the plan — and illustrates the impact it may have on retirement income. IRIO estimates monthly income at retirement, offers options for increasing deferral rates, and illustrates the impact that deferral rate changes can have on retirement income.
"vWise understands what drives better decisions," said Debbie Pritchard, vice president, Schwab Retirement Technologies. "Working with them allows plan sponsors to access intuitive and highly effective technology solutions designed to improve participant confidence and retirement outcomes."
"We are thrilled to be working with Schwab Retirement Technologies," said Tony Mingo, President and CEO of vWise, Inc. "Their platform is the perfect complement for our tools. Plan sponsors will benefit from greater participant engagement and satisfaction, which in turn, translates into higher deferral rates and plan balances."
About Schwab Retirement Technologies
Schwab Retirement Technologies develops and hosts flexible retirement solutions to enable retirement advisors and recordkeeping providers to help drive participant engagement and outcomes, and help plan sponsors understand the value of their retirement plan. For more information please contact Benjamin Lee at Benjamin.firstname.lastname@example.org, or call 704-752-5425.
Developer of award-winning employee benefit solutions, vWise offers the industry's most advanced platform for participant education, enrollment, and analytics. Its integrated digital ecosystem is designed to maximize operational efficiency and increase profitability across the retirement continuum.
For more information, please contact:
Mary Kay Leydon
VP, Marketing & Communications, vWise, Inc.
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SOURCE vWise, Inc.