Employee and Employer Benefits
“The No. 1 problem in today’s generation and economy is the lack of financial literacy.”
How Employees Benefit
Employees often feel undervalued in the workplace and overwhelmed by the external stressors in their personal lives. Providing your employees with complimentary workshops geared to help them better understand their personal financial options allows them to make their personal financial decisions with more confidence, translating to a better overall life experience. Additionally, knowing that they are valued in their workplace helps spur creativity and pride in their work.
The Employer Benefits to Running a Financial Literacy Program
Keeping 404(c) compliant isn’t the only reason to provide this type of education to your employees. By running a financial literacy program, you can:
- Motivate employees and their spouses to increase participation in their retirement plans, as well as increase savings contributions
- Make your workplace more attractive to employees and improve retention
- Improve commitment and reduce absenteeism of workers by reducing stress about their personal financial situations, thus increasing their productivity on the job
- Improve employee understanding, appreciation and use of company-provided benefit plans
Remember, it’s not a benefit if they don’t know how to use it. Don't delay! Your employees need this program today!