Benefits To Employer
Helping participants save for a financially secure retirement is good for business.
My 401(k) Risk Manager…
- protects other service providers from inadvertently becoming a fiduciary
- manages the employees account for them keeping them focused on their job
- provides a time tested risk management process
- has the ability to lower absenteeism and stress related illnesses
According to data from the Personal-Finance Employee Education Foundation (PFEEF) an employer can receive a return on investment of 3 to 1 with a financial wellness program. Surveys show that reducing the anxiety participants feel about their money each and every day lowers absenteeism and stress related illness. This has a direct and immediate impact on a company’s bottom line.