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Human Interest Inc. is tapping into a psychological phenomenon with its new incentive program aimed at increasing participation in its employer-sponsored retirement plans.

Incentive programs such as frequent flier miles or cash-back rewards on credit cards are frequently effective because people are drawn to opportunities to get a deal or earn a benefit for spending money on a certain product or with a particular brand. Dosh, a company that provides retail cash rewards, found that 82% of its users prioritize special promotions, discounts or cash back when choosing where they’ll shop. People have negative feelings about parting ways with their hard-earned money, and incentive programs can help create positive feelings to counteract that.

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