6 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 […]
Why Financial Care is Critical to 401(k) Success
In 2022, Americans’ financial health declined for the first time in five years. Today, seven out of 10 Americans are living paycheck to paycheck. Nearly half of Americans who earn $100,000+ a year live paycheck to paycheck, too. Their financial challenges aren’t due to a lack of employer concern for their financial wellbeing. (In fact, 97% […]
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 […]
