Education Benefits
Employers Benefit Because:
- Educated employees are more likely to contribute to their retirement plan accounts, helping you meet nondiscrimination testing rules, avoid penalties, and allow highly compensated employees to participate in fully qualified plans.
- Financial education is a benefit that can help with employee recruitment and retention.
- Financially stressed employers are less productive, costing businesses an average of $450 per employee per year in lost time.*
- Employers provide a valuable benefit with little time or monetary investment for the organization.
Employees Benefit Because:
- They need a realistic assessment of their future financial needs and how to meet them.
- They need assistance in understanding the complexities of financial planning and investing.
- Seminars help them understand and appreciate benefits such as their employer-sponsored retirement plan.
* Source: E. Thomas Garman, Fellow and Professor Emeritus, Virginia Tech University
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