How Can the Workplace Financial Education Program Benefit Employers?

Employees who are not worried about their finances are stronger assets for any business or organization. The Wise Wealth Financial Education Program is designed to deliver the tools employees need to benefit employers in many ways, including:

• Increased productivity. Research shows that employees with healthy financial profiles have less absenteeism and improved job performance.
• Improved loyalty. A financial education program delivers personal benefits to employees and tells them that the employer cares about their well-being.
• Increased participation in company benefits. Our program increases participation in benefit plans, allowing employers to eliminate contribution limits for highly compensated workers and benefit from FICA tax savings, where applicable.
• Increased financial readiness for retirement. Our program helps workers prepare to retire on time or accept early retirement, if offered, and to be financially independent upon retirement.
• Improved ERISA and Sarbanes-Oxley protection. Our program could reduce liability arising from not providing employees with adequate financial education.
• Improved employee health. Research confirms that financial health and physical health are linked. Higher financial wellness scores can translate into better physical health and lower health-care costs.

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