PensionBee Partners with Madison Square Garden as Official College Investment Partner

PensionBee and Madison Square Garden Team Up to Tackle ‘Orphaned’ 401(k)s

New York, NY – October 27, 2025 – Fintech Firm PensionBee has forged a new partnership with Madison Square Garden Entertainment, aiming to increase financial awareness amongst college basketball fans. The collaboration will see PensionBee become an official College Hoops Partner, leveraging the high-profile platform of The World’s Most Famous Arena to address a growing concern: the estimated $1 trillion in unclaimed retirement savings left behind by Americans who have changed jobs.

The partnership, unveiled today, will feature prominent digital signage for PensionBee throughout Madison Square Garden during key college basketball matchups. This strategic placement is designed to reach a diverse audience of alumni,students,and families – individuals at varying stages of their financial lives and potentially facing the challenge of managing multiple retirement accounts.

Addressing the ‘Orphaned’ 401(k) Problem

According to PensionBee CEO Romi Savova, the team is “Delighted to support college basketball at The World’s Most Famous Arena.” Savova emphasized that the partnership is designed to meet people where they are, acknowledging that manny individuals are navigating complex financial landscapes, whether they are recent graduates with their first 401(k) or seasoned professionals managing multiple accounts. PensionBee offers a straightforward solution: consolidating existing 401(k)s and IRAs into one easily managed Individual Retirement Account (IRA).

How PensionBee Simplifies retirement Savings

PensionBee’s platform allows customers to roll over assets from multiple older 401(k) plans and IRAs into a single, streamlined IRA. Portfolios are constructed using low-cost Exchange Traded Funds (ETFs),including popular options like SPY and MDY,managed by State Street Investment Management.

Did You Know? Approximately 25% of 401(k) participants leave their retirement savings behind when they change jobs, contributing to the growing problem of ‘orphaned’ 401(k)s.

Feature	PensionBee Benefit
Account Consolidation	Combines multiple 401(k)s and iras into one IRA.
Investment Options	Offers portfolios powered by low-cost ETFs.
Management	Provides a simple, easy-to-manage online platform.

About PensionBee

Founded in the United Kingdom and expanding globally, PensionBee currently oversees more than $9 billion in assets for approximately 300,000 customers. The company’s core mission centers on making retirement planning more accessible, obvious, and straightforward. PensionBee provides various IRA options, including Conventional, Roth, SEP, and Safe Harbor accounts.

Pro Tip: Regularly review and consolidate your retirement accounts to ensure you are maximizing your savings potential and minimizing fees.

The Importance of Retirement Planning

Planning for retirement is a critical aspect of financial wellbeing. With life expectancies increasing and social security facing potential challenges, individuals need to take proactive steps to secure their financial future. Consolidating retirement accounts can help simplify your financial life,reduce administrative fees,and provide a clearer picture of your overall savings.

According to a recent report by the Transamerica Center for Retirement Studies, only 37% of workers have calculated how much money they’ll need to retire. This underscores the need for increased financial literacy and accessible retirement planning tools.

Frequently Asked Questions about PensionBee and Retirement Planning

What are your thoughts on this innovative partnership and the importance of financial education? share your opinions in the comments below!

How does the PensionBee/MSG partnership aim to improve financial literacy among college students?

Expanding Access to Student Investment Opportunities

PensionBee, the leading online pension provider, has announced a significant partnership with Madison Square Garden Entertainment (MSG Entertainment) to become the Official College Investment Partner. This collaboration aims to empower students adn young adults with the knowledge and tools needed to start planning for their financial futures, specifically focusing on long-term investment strategies and retirement savings. The partnership leverages MSG’s extensive reach within the college sports and entertainment landscape to deliver crucial financial literacy resources.

What Does This Partnership Entail?

The multi-year agreement will see PensionBee integrated into various MSG properties, including:

* Madison Square Garden Arena: branding and promotional opportunities during college basketball events, particularly those within the Big East Conference.

* MSG Networks: Educational content and advertisements aired during live game broadcasts and related programming.

* Digital Platforms: Dedicated content hubs on MSG’s websites and social media channels, offering resources on investing, pensions, and financial planning.

* Campus Activations: Workshops and seminars hosted at colleges and universities within the MSG network, providing students with direct access to financial experts.

This isn’t simply a branding exercise; PensionBee intends to actively engage with students, offering practical advice on topics like:

* Understanding Compound interest: The power of starting early and letting investments grow over time.

* Choosing the Right Pension Plan: Navigating the complexities of diffrent pension options available to young professionals.

* Investing for the Long Term: Building a diversified portfolio aligned with individual risk tolerance and financial goals.

* The Benefits of Auto-Enrollment: Maximizing employer contributions and simplifying the savings process.

why Focus on College Students?

PensionBee’s strategic focus on college students stems from a recognized gap in financial literacy among young adults. Many students graduate with significant debt and limited understanding of investment principles. This partnership directly addresses this issue by:

* Early Intervention: Reaching students before they enter the workforce, establishing positive financial habits early on.

* Demystifying Investing: Breaking down complex financial concepts into easily digestible facts.

* Promoting Retirement Planning: Encouraging students to think about their long-term financial security, even while still in school.

* Addressing the Student Debt Crisis: Providing resources to help students manage debt alongside their investment goals.

The Growing Importance of Financial Literacy

Financial literacy is increasingly recognized as a critical life skill. According to recent studies, a significant percentage of young adults lack basic financial knowledge, leading to poor financial decisions and increased vulnerability to debt. Initiatives like the PensionBee/MSG partnership are vital in bridging this gap.

key Statistics:

* A 2023 study by the TIAA Institute found that only 34% of U.S. adults could answer at least four out of five basic financial literacy questions correctly.

* Student loan debt in the U.S. currently exceeds $1.75 trillion.

* The average age for first-time investors is steadily decreasing, highlighting the need for accessible investment education.

PensionBee’s Existing Financial Education Initiatives

This partnership builds upon PensionBee’s existing commitment to financial education. The company already offers a range of free resources, including:

* PensionBee Academy: An online learning platform with courses on various financial topics.

* Blog and Articles: Regularly updated content covering investment strategies, pension planning, and personal finance.

* Webinars and Workshops: Live online events featuring financial experts.

* Interactive Tools: Calculators and simulators to help users estimate their retirement savings needs.

Benefits for Students and Young Professionals

The PensionBee/MSG partnership offers several tangible benefits for students and young professionals:

* Increased Financial Knowledge: Access to high-quality educational resources and expert advice.

* Improved Investment Confidence: empowerment to make informed investment decisions.

* Early Start to Retirement Savings: The chance to begin building a secure financial future.

* Debt Management Strategies: Guidance on balancing debt repayment with investment goals.

* Access to Innovative Pension Solutions: Exposure to PensionBee’s user-friendly platform and diverse investment options.

Real-world Example: The Impact of Early Investing

Consider a 22-year-old graduate who begins investing $200 per month into a diversified portfolio with an average annual return of 7%. By age 65, that consistent investment could grow to over $600,000, demonstrating the significant impact of starting early and harnessing the power of compound interest. This is the type of long-term thinking the PensionBee/MSG partnership aims to foster.

Looking Ahead: The Future of Financial Education

The PensionBee and MSG Entertainment partnership represents a forward-thinking approach to financial education. By leveraging the power of sports and entertainment to reach a young and engaged audience, this collaboration has the potential to make a lasting impact on the financial well-being of future generations. The success of this initiative could pave the way for similar partnerships between financial institutions and entertainment organizations, further expanding access to crucial financial literacy resources.