The vast majority (89 per cent) of U.S. employees say they’d be more likely to continue working for an employer that offered a retirement plan, according to a new survey by Vestwell Holdings Inc.
The survey, which polled more than 1,200 workers, found a similar percentage (89 per cent) expressed some level of interest in a health-care savings account, while 70 per cent said they’d participate in an emergency savings account. Indeed, nearly two-fifths (38 per cent) of employees said they have less than US$1,000 in emergency savings.
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Among employees with student debt, nearly all (93 per cent) said it has impacted their ability to save. Three-quarters said they’d continue working for an employer that offered student loan-related benefits (74 per cent) and placed some level of importance on having a 529 education savings account in their workplace benefits package (73 per cent).
“Employees are increasingly viewing financial wellness offerings as a ‘must-have’ in today’s workplace environment,” said Aaron Schumm, founder and chief executive officer of Vestwell, in a press release. “With inflation fears and uncertain economic outlooks affecting retirement goals, employers and advisors have a huge opportunity to enhance their offerings beyond the traditional 401(k).”
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