is Dave’s new financial wellness solution for your business.
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Introducing FinancialWellness.com
Financial wellness is the latest buzzword in benefits, but it can be hard to truly define what that means for your business.
In America, broke is normal.
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70%
of Americans live paycheck to paycheck
More than two-thirds of all Americans are living paycheck to paycheck, with no regular savings goals.
CNN Money 2013*
-
52%
of Americans have less than $10,000 saved for retirement.
Very few Americans have the savings they need to live comfortably well into retirement.
USA Today 2014*
-
64%
of Americans can’t cover a $1,000 emergency
The majority of Americans can’t cover a $1,000 emergency without borrowing money, making every unexpected expense a crisis.
Market Watch 2015*
*More recent data may alter this assessment.
Your team’s financial health is hurting your company in ways you may
not realize.
When workers are stressed about finances, it affects their job performance
on a daily basis.
Broke Affects Your Business.
Lower Productivity
Financial troubles can decrease productivity by as much as 20 hours per month.
Pensions Consultants Inc. 2014*
Higher Turnover
1 in 3 employees hopes to be working for a different employer this year.
Metlife 2013*
Higher Healthcare Costs
30% of workers have put off medical treatment because of the cost in the last 12 months.
Gallup 2014*Broke Affects Your Retirement Plan.
Lower Contributions
The average participant contributes 5.5% of their income.
Plan Sponsor Council of America 2013*
Lower Balances
46% of Americans save less than 5% of their annual income.
USA Today 2014*
Higher Loans
21% of eligible participants borrow against their 401(k)s.
Employee Benefit Research Institute 2014**More recent data may alter this assessment.
Want to know the financial wellness of your company?
Our free tool determines your company’s financial wellness
by measuring three areas of performance.
-
Retirement Health
Analyze your company’s retirement health. -
Benefit Quality
Determine the quality of your benefit program. -
Employee Behaviors
Learn how your employees are handling money.
It’s about more than just retirement.
Help your people achieve financial wellness once and for all.
To achieve true financial wellness, your people need help in four key areas.
Budgeting
Saving for Emergencies
Debt Elimination
Retirement Planning