At first glance, employees appear to be doing well. Their financial stress levels have been declining steadily since the first quarter of 2010. A special report released Thursday by Financial Finesse, though, finds that employees may be getting too complacent and that these lower stress levels are actually dangerous.

One giant red flag, according to the report, is that of the 16 percent of employees who report having no financial stress, 68 percent also report being unprepared for retirement. A majority don’t have a will or trust established and only half say they have enough life insurance to protect their family.

Employees aren’t completely stress free. Sixty-eight percent say they have at least some financial stress, while 16 percent say their stress is either high or overwhelming.