Corporations

What does offering a full service financial education program do for your corporation?

Reduce legal liability

American workers have lost more than $500 billion in the value of their stock options this past year. This is the largest loss of employee wealth in history, and it is motivating an increasing number of workers to take their grievances to court.
Under ERISA Section 404(c), employers are required to provide reasonably diversified investments, time for employees to make reasonable changes during the year, and proper information on investing and investments. This information should include broad-based financial education.

Cut HR administrative costs

Financial education helps defray the costs of wage garnishment and payroll advances for employees in financial trouble.
Reduces the burden on internal HR staff from answering questions on financial benefits, communication and marketing around financial benefits.
Especially effective for companies with multiple sites and remote workforces.

Increase participation in employee financial benefits programs

Knowledge is power! Employees who understand their benefits are more likely to participate in them.
Financial education can help your company pass discrimination testing by increasing participation.

Increase productivity

Retain a loyal, diligent workforce that recognizes you are concerned for their financial well-being.
Improving employee financial wellness can result in a 40% boost in your company's financial performance. Employees with money and credit card issues are more likely to be unhappy with their salary levels and/or change employers. Source: National Report on Work & Family, 2001