Evoshare

About the offering

We believe, due to the rise in cost of living and deeply rooted spending behaviors, it has become harder for individuals to set more money aside for retirement. EvoShare has found a way to turn employees’ spending into an entirely new source of money for the retirement industry. The corporate retirement industry is not where it should be. 70% of employees have below average retirement savings. About half of employers have indicated employee participation and contributions to their sponsored retirement plan are the #1 issue to focus on. EvoShare sees three reasons for this situation: Firstly, employees only have one source of money for their sponsored retirement plan; their paycheck. Secondly, they simply cannot afford to set aside any or more of their paycheck earnings for their sponsored retirement plan. And thirdly, they have deeply rooted spending behaviors that cannot be easily changed and inhibit them from contributing towards their retirement. The financial industry has teamed up with employers to address this issue. They've used valid methods such as financial education, but spending habits are not easy to change. One can give employees the information they need on their finances and the importance of saving for retirement, but ultimately the employee needs to take action. This is where the industry has fallen short and EvoShare can help. EvoShare is responding to the lack of employee retirement contributions in a nontraditional way. Instead of telling employees they should spend less and save more, we rely on their spending habits to grow their retirement savings. Consumer spending will continue to grow and EvoShare wants to leverage this to create the next breakthrough in the retirement industry. The corporate retirement plan industry serves 85.9 million employees nationwide that are 401k plan participants. 401(k) accounts, also known as sponsored retirement plans, represent 80% of the retirement market. EvoShare is ready to fill a significant need in this large market. Our mission is to make saving for retirement a daily habit and give everyone, regardless of income levels, a sustainable source of retirement dollars.

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