Retirement

The program includes an HSA, a retiree HRA and an educational assistance program, as well as a 401(k) plan.

Many familiar budgeting and planning goals can be easily integrated into lessons in financial wellness and managing personal finances for employees.

With high levels of debt, many employees are financially vulnerable, which is why they need employers to offer financial workshops and webinars and incentivize participation in savings programs, like emergency saving accounts.

Employees may want to retire at age 65, but expect to do so nearly a decade later because of increasing living expenses and a lack of guaranteed income for retirement, say 47% of Americans in a new Equitable survey.

The federal government would make annual contributions to the retirement savings accounts, while low-income workers give up the tax breaks they receive for investing in 401(k) accounts, in a new Penn Wharton plan.

It's becoming more common for employers to offer employees dual participation – in 401(k) and stock option plans –but employers should look to offer financial wellness workshops and seminars on a frequent basis.