An emergency fund is a savings account (or any personal fund you set aside) that gives you easy access to cash. You turn to an emergency fund when you find yourself with unexpected expenses for something that needs immediate attention. But, sometimes, it’s difficult to judge whether an unexpected expense is immediate and essential – […]
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In-plan vs out-of-plan emergency savings: what’s better?
Workplace emergency savings accounts take on the form of in-plan (administered alongside a defined contribution retirement savings plan under ERISA compliance) or out-of-plan (administered separately, outside of ERISA compliance). ERISA, or the Employment Retirement Income Security Act, is the federal law that lays out the requirements for employer-sponsored retirement plans. When it comes to choosing […]
Bridge the DEI gap in your employee benefits with financial inclusion
On average, white families have eight times the wealth of Black families and five times the wealth of Hispanic families. For companies prioritizing DEI as a core value to their organization, addressing this wealth gap is the first step towards advancing racial equity. Companies play a major role in advancing financial inclusion and increasing the […]
A Guide to DEI Initiatives in the Workplace
Sustainable DEI change requires both commitment and deliberate action; closing the gap to turn the intangible into actionable DEI initiatives and supporting equity and fairness in the workplace. In order to get there, organizations need to understand the fundamentals of diversity, equity, and inclusion – and how to instill the values of DEI within the […]
Secure Act 2.0 Signed and More from 2022: Year in Review
What a nail-biting finish to the year! Last night (Dec 29, 2022), President Biden signed into law Secure Act 2.0, including workplace emergency savings – hooray! With that lead unburied, we can finally wrap up the year and celebrate all that we’ve done and accomplished. Thank you for following us – learning why we are […]
HR and People Ops Guide to the SECURE Act 2.0 in 2023
SECURE Act 2.0 guide for employers to know how it affects their business, like changes in employer-sponsored retirement savings & workplace benefits plans.
