AssuredPartners
AUGUST 9, 2021
This data shows just how impactful offering financial wellness programs is to the employer and employee. 77% of Millennials and 73% of Gen X are more attracted to a company that cares about their financial well-being [13] , and it’s valuable to the employer as well. Greater employee participation and 401(k) contributions.
Best Money Moves
OCTOBER 7, 2020
The demand for financial wellness programs has never been higher and employers are ready to help. Employers are getting serious about financial wellness. Over 80 percent of employers agree that financial wellness programs and tools help to create more productive, loyal, satisfied and engaged employees.
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Best Money Moves
OCTOBER 16, 2018
A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers.
HR Bartender
MARCH 25, 2016
Additionally, a 2013 report by the National Institute on Retirement Savings found that the average near-retirement household had only $12,000 in planned savings. Among workers who do not participate in a 401(k) or other defined contribution plan, 42 percent say it’s because their employer does not offer one.
UpstartHR
APRIL 18, 2016
The number one predictor of whether someone was going to save significant money in their 401k plan? Average 401K account balance is just $72,000. Personal savings rate was 12% in 1975 and was 5% in 2013. Read more in my article 401k plans are NOT for suckers. The results were shocking. It wasn’t their expense ratio.
Empuls
MARCH 17, 2023
Paul Brown was hired by Roark Capital in 2013 as the CEO of the company despite having no experience in the restaurant business. Since its inception in 2013, nearly 400,000 team members have been trained through this program which kept the company profitably growing. During the early 2010s, Arby’s restaurant empire was drowning.
Insperity
DECEMBER 12, 2012
If you establish a new 401(k) plan and have not maintained another plan within the three preceding years, your business may be eligible for an income tax credit of 50 percent of the qualified startup costs to create and maintain the plan. Deduct your employer contributions. Receive an income tax credit.
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