Money’s fun to spend, so why shouldn’t it be fun to save? That’s the thinking behind SaverNation, a new cash-back program for 401(k) and other workplace retirement plan participants.
SaverNation partners with over 500 online retailers in the country. Employees sign up, make their regular online purchases, and the retailers offer anywhere from 1% to 25% cash back for the online purchases. SaverNation’s technology automatically converts the cash back into extra contributions for the 401(k), 403(b), 457, IRA, Roth IRA or account of choice.