Nestimate is an analytics platform that provides a streamlined process for selecting and monitoring guaranteed income options within defined contribution plans, such as 401(k)s. By offering fiduciary support and ongoing education, Nestimate addresses the challenge of integrating lifetime income solutions, enhancing retirement security for plan sponsors and participants.
Funding
$25K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many defined contribution plan sponsors and fiduciaries struggle to confidently select and monitor guaranteed income options for their plans. They lack intuitive tools to evaluate these complex products and educate plan participants about their benefits. This can lead to underutilization of lifetime income solutions and reduced retirement security for plan participants.
Solution
Nestimate offers a software analytics platform designed to streamline the selection and monitoring of guaranteed income solutions within defined contribution plans. The platform provides fiduciaries with an objective and intuitive process for evaluating various retirement income options. By offering fiduciary support and educational resources, Nestimate facilitates the adoption of guaranteed income solutions, empowering plan sponsors and participants to enhance retirement income security. The platform's Retirement Income Score(k) (RIS(k)) tool combines actuarial analysis with investment modeling to quickly assess the impact of lifetime income products on individual participants.
Target Audience
Nestimate serves retirement advisors, consultants, employers, plan sponsors, employees, recordkeeping firms, and insurance carriers involved in defined contribution plans.
Features
- Analytics platform for evaluating guaranteed income options in 401(k) and defined contribution plans
- Fiduciary support to assist with the selection and monitoring process
- Educational resources for plan sponsors and participants on protected income
- Retirement Income Score(k) (RIS(k)) tool for analyzing the impact of lifetime income products
- Actuarial analysis combined with investment modeling for comprehensive evaluation
- Periodic reviews and ongoing monitoring to stay current on products and services