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In the past 3 months, lawmakers have floated bills to raise the RMD age, allow penalty-free 401(k) withdrawals and more.

Corporate leaders are also worried about backlash, attrition and turnover in an employee market.

"Since 2011, SSA has failed to mail annual statements to all workers," the lawmakers said in a statement.

The legislation also includes a bonus credit of up to $5,000 for money saved over the next five years.

Trust, awareness are important factors to uptake of financial wellness programs, though users still are typically white and male.

The breaches causing the most harm to victims are taking place at smaller, lesser-known enterprises.