Perspective Partners describes its NestUp Managed Deferrals program as the “first and only program that educates employees, offers
them personalized 401(k) and HSA deferral recommendations, and implements their
choices with just two clicks.”
NestUp also recommends directing HSA deferrals
to different retirement-oriented investments when appropriate, Perspective
treat HSAs and 401(k)s as separate silos,” explains CEO of Perspective
Partners, David Snyder. “It takes an integrated approach that optimizes
and tax benefits. And by helping employees save for near-term out of
costs, it can lead to greater acceptance of high deductible health
a win-win for both employers and employees."
NestUp recently completed a two-year pilot program. According
to Perspective Partners, “HSAs were increased both years by employees who
received personalized guidance to do so along with a ‘do-it-for-me’ option for
easy execution. In year one, 47% of those employees made an increase. In year
two, it was 68%. Deferrals into 401(k)s were also increased both years by
employees who received personalized guidance to do so. In year one, 60% of
those employees made an increase. In year two, it was 14%.
"Because our platform pulls together education, highly
personalized guidance and easy execution, NestUp is a better mousetrap that can
generate far more added value and differentiation,” says Snyder. “We're eager
to work with strategically minded advisers and ecosystem partners to bring the
industry to a new level."
Perspective Partners is a
wholly owned subsidiary of Manning & Napier Group.