25%: Employers may be very likely to help employees with budgeting.

In 2014, one-quarter of employers may be very likely to provide some assistance to their workers to help with budgeting and ensure that their paychecks cover day-to-day expenditures while still leaving some money for savings, according to Aon Hewitt.

Whether employers offer traditional, defined-benefit pension plans, defined contribution plans or both, many want to make sure their workers can capitalize on them. A good way all plan sponsors and their advisors can help encourage savings is with education. You can consider teaching your plan participants basic financial literacy so that they will know how to make appropriate spending and saving decisions. Later lessons can include how to invest those savings.


Related Resource:

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Struggling to Save

Jul 30, 2014

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