ALISO VIEJO, Calif., Sept. 5, 2014 /PRNewswire/ — vWise, Inc. announced today that retirement plan provider Envoy Financial used vWise's new vMax Solutions to increase employee participation by over 24% across a large number of different Plan Sponsor clients.
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"We dramatically increased our average employee participation rate in just 5 weeks using vMax Solutions," says Bethany Palmer, President and Co-Founder of Envoy Financial. "By leveraging vMax, we effortlessly enrolled hundreds of eligible employees in just a few weeks with no additional travel, meetings, booklets or support staff costs. We have never had such an effective way to engage so many clients and their employees simultaneously. Yesterday's 'meetings and booklets' approach to managing retirement plans is forever changed."
"The newly launched vMax Solutions is completely integrated with our successful SmartPlan Enterprise software and has resulted in a lightning bolt of engagement success at the employee level," added Tony Mingo, vWise CEO. "Providers are now able to engage not only with existing participants, but educate and enroll eligible non-participants in an extremely efficient and effective manner. Plan Providers and Advisors can now simply and significantly move the needle on retirement readiness – a challenge in the industry since 1974."
vMax Solutions scales to meet the requirements of both enterprise and mid-market retirement plan providers and seamlessly works with their existing technology. vMax Solutions will be launched nationally on October 1st, 2014.
About vWise Incorporated
vWise, Inc. creates software and solutions for the employee benefits industry. vMax Solutions is an integrated suite of software and solutions for the Defined Contribution market that increases effectiveness and profitability. vMax is fully integrated with SmartPlan Enterprise — the retirement industry's most advanced engagement platform. Benefits of vMax include higher employee participation and contribution rates, decreased operational costs and an increase in retirement readiness. For more information, visit www.vwise.com.
About Envoy Financial
Envoy Financial has served the retirement planning needs of faith-based organizations and their employees exclusively since 1991. Those we serve include churches, denominations, mission-sending agencies, camps, conference centers, rescue missions, para-church organizations and others. We currently serve employers in 48 states and 60 foreign countries.
Our support and delivery system is a high-impact, faith-based retirement plan that engages Participants. Its ease of administration reduces the time burden on your administrative team. It is a cost-efficient and marketplace competitive plan for employers of all sizes. Our service model allows us to serve organizations with both centralized and geographically diverse workforces.
For more information, visit http://envoyfinancial.com/
For more information, contact:
David Ferrigno
vWise
(949) 716-1274 or Email