Why Emergency Savings as a Benefit?
Higher Retention
Savers within a 700-person employer had 33% less turnover relative to overall turnover from Jan – Sep 2023 (p<0.05). Based on Sunny Day Fund Customer Analysis.
Fewer Loans & Withdrawals
CFPB found 59% of people withdrew early from their retirement savings when they had no emergency savings, compared to 9% who had saved for at least one month.
More Resilient & Healthy
People scored 10 points higher in their CFPB Financial Well-being Scores and reported lower stress when they saved for at least $1,000 versus having no savings.
Emergency Savings Account Powered by Behavioral Economics
For Employers
Improve financial well-being, lower stress, and achieve financial inclusion & health equity with emergency savings.
For Employees
Save for rain or shine, withdraw when needed, earn employer-sponsored cash rewards, and achieve your financial goals.
Workplace Emergency Savings + Benefits Blog
- Financial Wellness Initiatives in an Uncertain EconomyBoost your team’s financial resilience with practical steps. Explore ways to support employees through emergency savings, financial education, and effective wellness programs. Strengthen your workforce against economic ups and downs.
- Reimagining Benefits to Support Employees in Financial HardshipFinancial stress affects employees’ performance and well-being, often leading to anxiety and reduced productivity. This article explores the importance of financial wellness at work, the role of employers in alleviating this stress, and practical tips for creating effective benefits programs. Discover how supporting financial health can boost your team’s productivity and morale.
- The Investment and Payoff of Employee BenefitsUnderstand the importance of employee benefits. Learn how aligning your benefits package to worker needs can lead to healthier, more focused teams.
- Why Employers Should Consider ESAs to Curb 401K LeakageRising 401k leakage is a growing concern. This article dives into the causes and impacts of retirement fund leakage and how Emergency Savings Accounts (ESAs) can help. Learn how ESAs enhance financial stability, improve workplace culture, and boost employee retention.
- How Goodwill Industries of East Texas, Inc. Achieved Employee Financial WellnessLearn how Goodwill Industries of East Texas uplifted their team’s financial well-being and happiness with Sunny Day Fund’s easy savings program, proving that smart employee benefits lead to a strong, satisfied workforce.
- The Impact of Partnerships in Promoting Employee Financial WellnessPartnerships between employers and financial wellness providers create a supportive work environment where employees can confidently manage their financial situation.
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