Welcome!

News Feed Item

edu(k)ate to offer Wall Street Survivor Courses for Employee Financial Wellness

With America Saves Week Beginning February 24th edu(k)ate Brings Fun to Financial Literacy for Employees.

ORLANDO, Fla., Feb. 24, 2014 /PRNewswire-iReach/ -- edu(k)ate, the first gamified financial wellness application for retirement plan advisors and employers announced today its release of a new Target Date Funds Course from Wall Street Survivor. Anyone can play the course for FREE at www.edukate.com.

(Photo: http://photos.prnewswire.com/prnh/20140224/MN70608)

edu(k)ate was launched to address Congressional and Department of Labor concerns of a lack of financial literacy and unsustainable savings rates in qualified retirement plans nationwide and especially amongst the younger workforce. By implementing game inspired techniques edu(k)ate has seen a dramatic increase in the willingness of employees to complete financial learning.

The industry since the creation of the Pension Protection Act in 2006 has focused on providing "investment advice" to retirement plan participants. However, studies have shown the lack of successful retirement outcomes is largely impacted by employee contributions and not the return of investments.

Furthermore, even with the advent of automatic enrollment plans, 401(k) participation is nowhere near 100%. It should be a top priority to provide basic financial education to all employees to give them the information they need to "Start."  Traditional retirement plan education is generally reserved for the participating employees only. Our focus needs to be on how we can help those who aren't saving "Start" and those who are saving, to save more. We know the culprits: high debt, low wages, medical expenses, family needs, high energy and housing cost.

"Financial literacy in the 21st century should be an inalienable right and without it you are at a disadvantage," says Chris Whitlow, CEO and founder of edu(k)ate. "Thousands of Retirement Plan Consultants & Financial Advisors are in the position to tackle this problem and innovative technology like edu(k)ate can help them."

edu(k)ate has seen success in engagement and is off to a great start. The industry average for online participant engagement is currently 7% across major retirement record keepers. Without meaningful motivation employees don't show interest in engaging even though the majority of them have smart-phones and use online banking. However, when employers offer contest, awards and incentives which often is less expensive than one live-financial-seminar we have seen engagement reach over 50%. Our strongest demographic is with 18 to 45 yr. old men and women.

Getting Started

1.   Employers and/or their consultants signup through edukate.com

2.   Employers decide on an incentive (gift cards, lunch parties, vacations days, etc.)

3.   Employees create an account and start to learn, monitoring the leader board all the way!

4.   When the contest ends, employees are awarded, camaraderie is achieved and the employer gets a report of the analytics documenting their efforts. The data is also used to make better decisions around benefits spending and reduce fiduciary risk.

edu(k)ate's platform is record keeper agnostic and education can be added from any source. We provide the points system, badges and contest tools. Our software can distribute and document communication along with the education. The library is open to all employees year round allowing them to tackle problems even when there isn't an incentive. Distributing education should be easy, especially to large employee populations across multiple geographic locations. For Retirement Plan Consultants who have many clients edu(k)ate streamlines the process and makes it possible to connect with thousands of employees.

Courses are available for free at edukate.com. For more information for employers and consultants please email [email protected] to request a demo or visit edukate.com/consultant.

About edu(k)ate, Inc.

Founded in 2013, Orlando-based edu(k)ate is an online service that makes it easy for retirement plan consultants and employers to distribute and promote financial literacy to employees. Regardless of the financial institution providing the retirement plan or the geography of employees, edu(k)ate increases financial proficiency by motivating users with sponsored contests, incentives and awards. By putting financial wellness tools in the hands of qualified financial professionals, we can reduce financial stress, drive down the costs of employee benefits and reduce fiduciary risk.

www.edukate.com

About Wall Street Survivor

Wall Street Survivor is on a mission to demystify investing through interactive and comprehensive education. Jargon-free courses, paired with the web's best stock simulator, allows people to learn and practice trading stocks in a risk-free way. Jumping head first into the stock market can be scary. Wall Street Survivor turns that fear into fun, while preparing investors for a successful financial future. 

www.wallstreetsurvivor.com

Media Contact: Christopher Whitlow, Edukate, Inc., 407-474-1976, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Edukate, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 21st Cloud Expo, Lennart Frantzell, a Developer Advocate with IBM, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing devel...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...