Why Financial Care is Critical to 401(k) Savings Success
In 2022, Americans’ financial health declined for the first time in five years. Between 2023 and 2024, several key financial health indicators got even worse. Today, 70% of Americans are considered financially unhealthy and seven out of 10 Americans are living paycheck to paycheck. Despite that the 2024 Employee Benefits Research Institute (EBRI) Survey revealed […]
5 Reasons Workplace Emergency Savings Accounts Won’t Improve Employee Financial Health
Realizing that financial wellness solutions such as financial education, coaching, and planning are not moving the needle on employee financial health, some employers are now considering different approaches. As a result, workplace emergency savings accounts (ESAs) are a type of employee benefit that has increased in popularity. While having liquid savings is an important component […]
Secure 2.0: Here’s How Employers Can Choose the Best Workplace Savings Approach for Employees
Note: A version of this post originally published in BenefitsPro on January 19, 2023. It is reprinted with permission from BenefitsPro. Key takeaways The Secure 2.0 retirement law introduces a new workplace emergency saving option to an already confusing landscape of approaches, from savings coaching to workplace savings accounts. Workplace savings programs need real solutions to […]
