- Key insight: Learn how employer-sponsored emergency savings can reduce retirement-plan leakage and preserve long-term assets.
- What’s at stake: Rising withdrawals threaten retirement readiness and increase employer fiduciary and workforce stability risks.
- Expert quote: “Accessible short-term savings underpin long-term financial success,” says Katie Riley, Fidelity Investments.
- Source: Bullets generated by AI with editorial review
401(k) hardship withdrawals have more than doubled in the past seven years, according to Fidelity Investments. Offering separate savings options is one of the best ways to help employees keep their investments intact.
