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3-28-23 – Emergency Savings Accounts for Employees Boost Retention and Productivity
Manage episode 359231618 series 3344679
Sisällön tarjoaa Adam Hewitt. Adam Hewitt tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
FEATURE
Nearly 1/3 of Americans would be unable to cover an unexpected expense of $400.
Remember to consult your financial, HR, and legal counsel when creating any specific program.
Congress passed the SECURE 2.0 Act, which will enable employers to set up ESAs for their employees tied to their retirement accounts, beginning in 2024.
Outside of options available within SECURE 2.0, an employer could set up an ESA not connected to a retirement plan. One platform called SecureSave helps businesses run ESAs.
https://www.securesave.com/employers
https://resources.betterment.com/hubfs/PDFs/b4b/reports/financial-wellness-benefits-survey.pdf
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NEWS ROUNDUP
1
Rising interest rates and recent bank failures are squeezing credit supply for small businesses.
https://www.forbes.com/sites/rohitarora/2023/03/24/rising-interest-rates-lead-to-a-small-business-credit-crunch/?sh=7458f66b3b3e
https://www.reuters.com/markets/us/feds-jefferson-still-learning-impact-tighter-monetary-policy-2023-03-27/
2
The vast majority of small businesses find it challenging to some degree to manage the cost of offering employer-sponsored health insurance.
https://strgnfibcom.blob.core.windows.net/nfibcom/Health-insurance-survey-NFIB.pdf
3
There are several ways you can do more to shop with small businesses, including using web sites that help you find small businesses via maps.
https://www.americanexpress.com/en-us/maps?cat=Shop-Small&intlink=us-GABM-Map_Home
https://www.independentwestand.org/support-independent-business/
https://mashable.com/article/how-to-shop-small
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📧 I would love to hear from you! Please email me at adam@smallbizflash.com.
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