Benefits

Your employees can be your company's most valuable resource. As an employer, your choices have a tremendous impact on your employees, their personal and professional success, and ultimately the success of your business.

In today's environment, companies compete to attract and retain high-quality employees. Employee benefits are a key factor but costs are rising quickly. Financial education provides a high-impact, low-cost way to make a difference within your organization. It shows you care about your employees and complements your existing benefits package.

Since financial education is not part of our traditional educational system, many of your employees have never received a basic education on personal finances. Financial education helps your employees understand and participate in your benefits program. With employee-directed retirement plans growing in popularity, employees with little financial background look to you to help them make informed decisions.

Financial education provides many benefits listed below:

Allows employers to differentiate themselves in order to recruit and retain talented and motivated employees.
Increases 401(k) participation and contribution levels as a percentage of salary.
Provides a greater appreciation of company benefits through education.
Increases employee productivity and attendance by helping them gain control of their lives and spend less time at work on personal financial matters.
Improves employee morale and loyalty to their employer.
Provides greater pay satisfaction because employees learn to make their money work for them and last longer.
Helps employers comply with regulations defined under section 404c of ERISA (Employee Retirement Income Security Act) to avoid potential liability for any losses by a retirement plan.
Helps employees decide their choices during career transition (in case of down-sizing).
Involves the employees' spouses with the employer in a positive way.