Christmas Clubs, once a popular way for employees to save for the holidays, declined due to legal complexities. Now, emergency savings platforms are reviving them, allowing workers to save conveniently and safely through payroll deductions.
employee benefits
Building Workplace Diversity into the Financial Fabric of Your Company
Building diversity into a company’s financial strategy ensures that the potential of a workforce is fully harnessed, leading to a more robust and adaptable financial structure. By aligning financial practices with DEI principles and offering financial wellness programs, companies not only meet their ethical obligations but also reap tangible business benefits.
ESAs: Transforming Employee Bonus Culture for Sustainable Financial Health
Sunny Day Fund’s innovative approach ensures that every bonus contributes to an employee’s financial goals, fostering a company culture of thoughtful financial planning and stability.
Leveraging SECURE Act 2.0 to Boost Employee Financial Wellness
Employers play a crucial role in promoting retirement savings. Encouraging participation can help employees build a secure financial future. The SECURE Act 2.0 provides several incentives for employers to do just that
Employee Financial Wellness Programs Explained
Employee recruitment and training costs can be huge, so retaining talented staff is a key priority. Small businesses can improve job satisfaction and loyalty by providing financial wellness programs and reducing turnover and related costs.
Understanding your PLESA Benefits Opportunity
To fully leverage your PLESA benefits, you need to understand the program’s specifics. Established under the SECURE 2.0 Act, a PLESA is a unique type of savings account designed to promote emergency savings. It presents several unique features that differentiate it from typical savings or retirement accounts.