Workplace emergency savings accounts (or ESAs as they’re starting to be known) have rapidly become the top requested financial benefit for most working Americans. It’s easy to understand why when 53% of Americans don’t have any emergency funds according to CNBC Your Money Financial Confidence Survey and nearly 40% would struggle to handle a $400 […]
benefits
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 […]
How Alleghany Uses Sunny Day Fund to Help Their Employees Save for Emergencies
Workplace emergency savings programs and emergency savings accounts (ESAs) are becoming more and more common, especially as Secure Act 2.0 takes effect soon. As employers consider implementing an emergency savings program like Sunny Day Fund, it’s helpful to understand what to expect. As part of a new series of case studies, we are sitting down […]
A 401(k) Might Not Be Enough for Your Employees. Consider Workplace Emergency Savings.
Next to healthcare, most people immediately think of retirement savings when they think about employee benefits. According to the U.S. Bureau of Labor Statistics, 67% of American workers have access to retirement savings benefits like 401(k), 403(b), and pensions. And with state-facilitated retirement programs like VirginiaSaves on the rise, that access is bound to increase. […]
