Financial Wellness Increases Savings & Preserve Retirement Accounts

FinFitLogo-300x127.pngVIRGINIA BEACH, Va., Sept. 16, 2014 /PRNewswire/ -- A new survey assessing financial wellness programs in the workplace reveals that the combination of financial education with employee lending solutions significantly increases employees' ability to save money and reduces instances of borrowing from 401(k) retirement accounts when faced with financial emergencies. The survey also shows that employees taking advantage of these programs are more focused and productive on the job.

Commissioned by FinFit LLC, a financial wellness and benefits company, the survey asked employers and employees for feedback on their experience using the programs. Nearly 1,000 individuals participated, with companies ranging in size, from approximately 150 to 2,000 employees, and operating across a broad spectrum of industries, including healthcare, manufacturing, education, and automotive.

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Waging War on Workplace Stress and Employee Distractions

 

FinFitLogo-300x127.pngEmployer-sponsored health and physical wellness programs have become customary across the U.S. over the past half century. Few corporate managers today question the resulting benefits of decreased employee absenteeism and lower worker compensation costs, as well as the health plans’ value as a recruitment tool to attract and keep quality talent.

Now, more and more savvy business owners are adopting financial wellness programs in the workplace as well. This is largely due to the direct correlation between an employee’s personal finances and their work performance, health, productivity and overall job satisfaction.

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