As 401(k) Use Grows, So Do the Loans Against Them
Loans taken from 401(k)s are a big problem for your company and your workers, but they're just a symptom of a deeper issue in the lives of your employees.
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In three easy steps, get a comprehensive breakdown of your company's financial wellness.
How is your retirement plan doing?
Enter your company name below to get a full assessment of your retirement health.
It's about more than just retirement
To achieve financial wellness, your people need help in four key areas.
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budgeting
Budgeting is telling your money where to go instead of wondering where it went. The problem is that for most people it feels like a chore. You must teach them the why and make budgeting simple, easy, and fun.
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saving for emergencies
70% of Americans live paycheck to paycheck. With no margin, every unplanned expense becomes a crisis. If your people have emergency savings, they will feel (and actually be!) more secure financially.
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debt elimination
With 24% of take-home pay going to consumer debt, it's no wonder your people are off track. If they can free up those funds, just think about how much more they could invest in retirement.
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retirement planning
Most people don't save for retirement until it's too late. Those who do are not investing nearly enough. You must inspire them to change their habits and invest 15%.
Ever wonder how your company is doing?
Ask yourself these questions to get a quick pulse on your program.
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Retirement Health
How many employees know what their retirement number is, and how many are saving enough to hit it?
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Benefit Quality
What are my financial wellness goals, and do I have the right program to achieve those goals?
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Employee Behaviors
How many employees have healthy money habits for budgeting, saving, and eliminating debt?
Ready to be the financial wellness program expert? Get all of the info you need in just three steps.
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Assess your company's retirement health.
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Determine the quality of your benefit program.
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Learn how your employees are handling money.
Let's get started!
Make the case for financial wellness in your company! Enter your company name to get a full retirement health assessment.
Create financial wellness for your people once and for all.
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4 Truths That Aren’t So True With Money
While some of grandma's sayings may have inspired you, they're not always good suggestions for handling money! Here are a few of grandma's old adages that could break your bank.
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