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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.
Compared to this, the retirees, 75% in exact, have showcased confidence in their retirement finances. mostly provided traditional 401(k), while 68% also offered Roth401(k) plans. What are retirement rewards? - The same study also revealed that 94% of the employers in the U.S.
Honeywell offers a flexible 401(k) plan, allowing employees to contribute up to 30% of their eligible pay in pre-tax, Roth401(k), or after-tax contributions. They specialize in creating software, digital products, and industrial IoT solutions.
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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