"Over 30 million Americans participate in a 401k plan, but 80 percent have never changed their allocation from the time they first opened their account. Studies have shown that over 90 percent of investment performance is attributable to proper asset allocation," said Rod Cherkas, senior product manager for Quicken. "By combining objective online tools with expert human guidance, this service will help investors achieve proper asset allocation and retirement security."

Quicken 401k Advisor is:

• Free - The only Web site to offer free, specific recommendations about how to optimize a consumer's 401k investments among the choices available in their company's plan.
• Easy to use - Mutual fund choices and matching policies are pre-loaded from over 430 of the largest employers reaching over 13.5 million employees. This saves time and helps increase the accuracy of advice.
• Personalized and offers dedicated guidance from professionals - Provides consumers with access to live investment advisors who can, for a modest fee, help them develop and even implement their retirement strategy.
• Comprehensive - Works with Quicken.com to create an easy way to manage a consumer's entire investment portfolio in one place - including retirement-related investments.

Quicken 401k Advisor provides customers with fund-specific advice on how to best allocate their 401k investments among the choices available in their company's plan. It recommends an asset allocation mix that maximizes the investment return for the level of risk the consumer is willing to take.

"By teaming up with Quicken and Quicken.com, we are able to provide millions of consumers with an easy way to manage their 401k plans," said David Evans, president of TeamVest. "And because it works with Quicken.com, consumers can access all of their portfolio information, evaluate their entire financial picture, and determine how their long-term retirement plan may be effected by daily investment decisions."

Consumers also have the option, for a modest fee, of using the Quicken 401k Advisor On-Call service to speak with an expert investment advisor who can help them review their retirement objectives and determine the best course of action. This service begins with a thorough interview and ends with a written recommendation that provides specific and personalized action steps.

Investors who choose to delegate responsibility for managing their 401k investments to a professional, can utilize the Quicken 401k Advisor On-Watch service. This full service advisory option offers the participant step-by-step guidance throughout his or her personal road to retirement security. A dedicated TeamVest investment professional will work with the customer to develop and implement a strategy to reach his or her retirement objectives. The advisor monitors and rebalances the 401k on behalf of the customer, and provides regular progress reports.

Pricing & Availability

• Quicken 401k Advisor On-Line is available at no cost via www.quicken.com/401kadvisor, as well as on the personal finance areas of AOL.COM and Excite.com.
• Quicken 401k Advisor On-Call service is available for $49.95 per consultation, by calling 1-888-445-401k
• Quicken 401k Advisor On-Watch is available for $89.95 - $149.95 per quarter (Fee based upon on account size) by calling 1-888-445-401k.