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Special Report

Financial Wellness

Benefits advisors and their employer clients are increasingly seeking information and guidance about offering financial wellness plans to their employees. Financial wellness can encompass many things, from financial education to voluntary products to budgeting and financial tools and more. This special report covers financial wellness from many perspectives, providing insight and strategies to help in the decision-making process.

News

Employers offering help with emergency funds

Businesses increasingly realize that people need help with their finances to do better at work.

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coins behind glass with words break in emergency only Data from the Federal Reserve and the IRS reveals that workers respond to income shocks and other events by withdrawing 30–40 cents of every dollar they’ve put into a retirement account before they ever get to retirement. (Photo: Shutterstock)

Some employees are actually getting help from their bosses in setting up rainy-day funds—thanks to employer concerns about productivity levels and workers’ inability to retire.

That’s according to a report in the Wall Street Journal that highlights the efforts of companies such as Levi Strauss & Co., Kroger Co. and SunTrust Banks Inc. to help employees find a way out of the financial morass many are in.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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