Early Cross Co Signs Deal with Money Forward Home

Early Cross Co., Ltd. and Money Forward Home Co., Ltd. have entered into a business partnership agreement. Through this partnership, the two companies aim to support the introduction of corporate defined contribution pension plans provided by Early Cross and to achieve financial well-being by using Money Forward Home’s money visualization service, Money Forward ME. In conjunction with this partnership, Money Forward Inc. will invest in Early Cross.

Currently, the number of corporate DC plan participants nationwide stands at 8.3 million and continues to grow. In order for employees to enroll, companies must implement the plan, and in order to implement a corporate DC plan, they must be covered by the Employees’ Pension Insurance. There are approximately 2.83 million companies in Japan that are covered by the Employees’ Pension Insurance, of which approximately 2.78 million (98%) are small and medium-sized enterprises (SMEs) with 99 or fewer employees. However, only approximately 52,000 (adoption rate of 1.8%) have implemented a corporate DC plan, revealing a significant gap in adoption rates compared to the overall number of SMEs. This suggests that corporate DC plans have the potential to continue to expand, especially among SMEs.

Furthermore, according to a survey by the NPO Defined Contribution Pension Education Association, 63.3% of plan administrators at participating companies responded that they were concerned about “matters related to the implementation of continuing education,” “participants’ lack of interest in the system,” and “participants’ awareness of management.” For participants, there are hurdles, such as the need to log in to a dedicated website separately to check their savings status, and the Ministry of Health, Labor and Welfare has also raised the issue of making corporate DC plans more visible as a challenge.

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Early Cross provides support for the introduction of corporate DC plans, primarily to small and medium-sized enterprises, and offers one-stop services such as optimal system design for each company, ongoing investment education, and administrative support. We support asset formation to help employees achieve a future where they can enjoy financial security and live a prosperous life.

Money Forward Home offers services that solve personal financial problems. Money Forward ME, a money visualization service, has over 17 million users and allows users to visualize their money flow and centrally manage their assets by linking with financial services such as banks, securities accounts, and credit cards. It can also be linked with corporate DC plans, automatically graphing savings status for at-a-glance understanding. Being able to manage your assets while checking the status of other assets also makes it easier to make decisions such as investing surplus funds.

Through this partnership, the two companies aim to combine EarlyCross‘ support for the introduction of corporate defined contribution pension plans with マネー・フォワード ME’s ability to visualize overall assets, thereby supporting employees’ asset formation and realizing “financial well-being” free from financial worries.

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