Emergency savings: A key addition to a company retirement plan

Companies need to prioritize outreach to low- and moderate-income workers, who are disproportionately less likely to participate in workplace retirement plans, according to a new report.

By Scott Wooldridge | March 27, 2023 at 11:07 AM

A new report from Commonwealth has suggested that providing emergency savings solutions could be an important addition to a company's benefits plan. The report noted that many workers and companies are re-examining financial planning and resources, and that in addition to saving for retirement, having an emergency savings plan could be valuable for low-to-moderate income (LIM) workers.

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