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
financial security
How the SAVE Plan Can Boost Your Financial Well-Being
The SAVE plan is a breath of fresh air for those with education debt. It’s a strategic financial tool that enables borrowers to balance loan obligations with financial ambitions. The plan’s flexibility and the potential for reduced payments and loan forgiveness offer a pathway toward a more secure financial future.
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.
Comparing Employee Financial Well-Being Benefits
Employee financial well-being benefits especially affect employee retention, job satisfaction, and overall productivity. Both traditional benefits like 401(k) plans and innovative solutions like emergency savings accounts have unique advantages that contribute to employees’ financial well-being.
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.
Building an Employee Emergency Savings Fund
Unexpected financial emergencies are a reality of life. These unforeseen situations can catch employees off guard, causing them to scramble for funds. The stress associated with this often impacts their productivity and engagement at work. It’s time for employers to assist their employees in navigating these stressful circumstances by setting up an employee emergency savings […]
