Financial wellness programs have gained traction in the past few years as employers realize that retirement education programs aren’t enough to ensure their workers have a financially secure future. Instead, experts say employers need to dig deeper into employee financial problems that have nothing to do with retirement.
According to a recent study by AFS 401(k) Retirement Services, more than 98% of respondents saved money in a retirement plan, but 71% claimed they didn’t have an emergency fund to cover three months of expenses. And, 62% of respondents said they carry a credit card balance and 35% said they have student loan debt, the retirement plan advisory firm found.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access