18 min
Helping Your Employees Maximize 401(k) Retirement Savings First Business Bank Podcast
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- Entrepreneurship
Saving for retirement is a major life stressor for many employees. Although about 60% of U.S. employees have access to an employer-sponsored defined contribution plan, such as a 401(k), only about 43% actively participate, according to the U.S. Bureau of Labor Statistics. Business executives can help employees maximize how much they save so they feel more comfortable about their future. Decreasing retirement stress leads to higher retention rates and more productivity for companies.
This episode of the First Business Bank Podcast makes a business case for employers to implement a robust retirement plan, including ongoing education and ways to motivate employees to save so they will have enough for a comfortable retirement.
Member FDIC
Saving for retirement is a major life stressor for many employees. Although about 60% of U.S. employees have access to an employer-sponsored defined contribution plan, such as a 401(k), only about 43% actively participate, according to the U.S. Bureau of Labor Statistics. Business executives can help employees maximize how much they save so they feel more comfortable about their future. Decreasing retirement stress leads to higher retention rates and more productivity for companies.
This episode of the First Business Bank Podcast makes a business case for employers to implement a robust retirement plan, including ongoing education and ways to motivate employees to save so they will have enough for a comfortable retirement.
Member FDIC
18 min