Every year, employees deduct funds from their paycheck toward health plans and retirement contributions, but without proper guidance from benefit leaders, those decisions could put their personal finances at risk.
Thirty-seven percent of employees avoid thinking about their benefits and retirement plan entirely because they’re too overwhelmed, according to a recent report from employee benefit platform SAVVI Financial. As a result, 19% of employees say that their benefit choices have resulted in financial stress, and 72% are more concerned about their financial choices this year than they were last year.
