Retirement

The new legislation is a win-win for workers and small businesses, offering access to expanded retirement plan benefits for employees and helping to level the playing field for small businesses competing to retain top talent.

Retirement savings is often a casualty for those who have inadequate emergency savings but providing employees with savings tools and resources will shine a spotlight on the need to save for both short-term and long-term goals.

Employees want assistance with everyday financial concerns like budgeting, as well as financial literacy, employee discount programs and pretax dependent care reimbursement accounts.

To celebrate 401(k) Day on Sept. 8, here's how employers can take steps to raise awareness for the importance of financial literacy and how employers can help their employees build retirement security.

More than 8 in 10 workers received an employer 401(k) contribution in the first quarter, and 78% of workers contributed to their 401(k) at a level that allowed them to earn the full matching contribution offering, says Fidelity.

With an increasing number of employers now offering self-directed brokerage accounts (SDBAs) as part of their 401(k) plans, employees are enjoying more flexibility and control in their investment choices.