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With a dedicated financial wellness program, you can help employees manage their finances reducing stress and improving productivity. This added stress can drastically affect an employees finances, especially if they do not have an adequate amount saved and now, companies are providing solutions.
Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers.
Nearly two-thirds of Americans don’t think their finances will improve this year , and three-quarters are anxious about their financial situation. When employees feel good about their finances, they are statistically happier — 84% vs. 55% — and more engaged — 78% vs. 53% — than their financially stressed counterparts.
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