It's a system that's worked wonders for credit card holders – but would a cash-back rewards scheme make it easier for participants to add to their 401(k) balances as well?
The new SaverNation program might seek to do just that, setting up a system where participants would see a percentage of their daily consumer expenditures automatically go towards their 401(k) savings plans.
If it were implemented, it might provide a long-awaited way for participants to make serious strides in their retirement savings, without having to gamble on deferring a portion of their paycheck, especially with continued financial troubles.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
