man looking at arrows saying long term and short termTo help on the financial security side, many employers are encouraging their employees to continue to view their 401(k) as a long-term investment meant for retirement.

As the world continues to cope with the impacts of COVID-19, workplace safety joins retirement security and financial wellness as top priorities employers say they are facing, according to the 2020 Retirement Plan Trends Study conducted by institutional fiduciary Pentegra.

Employers reported a challenging environment amid the global pandemic, including concerns about budget constraints, staff reductions, decreased revenues, cost controls, competitive pressures, market and economic uncertainty, and keeping employees safe.

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