Research

Employers can help earlier in a plan member's career by offering financial planning as a benefit, by encouraging a better understanding of how HSAs work and by offering education on prescription drug affordability strategies.

Companies might prioritize flexible retirement plans that can make it simple for employees to save for their future or offer auto-enrollment to help new employees save for the long-term.

Offering a retirement plan can lead to an annual cost savings of more than $100,000 in reduced employee turnover costs alone for SMBs – a 2x return on the initial costs of offering a 401(k), says a new study.

There are several steps that companies can take to help reduce financial stress on employees, Including financial coaching and emergency savings accounts, according to a new report.

A disconnect exists between employers and employees when it comes to retirement education efforts: 78% of employers say they provide the education, but just 38% of employees report receiving it, says a new survey.

Some employees are turning to their retirement plans when unexpected expenses arise, but employers should be offering emergency savings programs instead, says a new report.

Employers should provide targeted communications to women, as well as access to independent financial counselors, decision support tools, and debt management services to help bridge the gap, says a new report.

As Americans brace for a recession, building an emergency fund is a critical first step, but advisors need to provide realistic, actionable steps to help them move toward long-term financial security, says a new report.