| With nearly 75% of all employees living | | | | education programs were offered via face-to face |
| paycheck-to-paycheck, personal finance issues can | | | | training seminars and workshops. This delivery |
| adversely affect the work performance. To combat | | | | method can be costly and requires that everyone be |
| this growing trend, employers are increasingly | | | | present. As result of these constraints, this delivery |
| offering workplace personal financial education for | | | | method has not always proved to be the most |
| their employees as part of their benefits program. | | | | successful. To address this issue, Strativia Software |
| They see this as a real need to help their employees. | | | | develops branded workplace personal financial |
| Further, they see this as an opportunity to fulfill | | | | education web portals and sites that seamlessly |
| obligations imposed by the Employee Retirement | | | | integrate into a company's existing intranet or |
| Income Security Act (ERISA), and recent Depart of | | | | corporate website. These portals are filled with |
| Labor (DOL) guidelines. Since 1990, DOL has | | | | unbiased financial education content, surveys, |
| encouraged employers to provide financial education | | | | assessments, calculators, and other tools and |
| to help workers better understand their | | | | resources. |
| employer-sponsored retirement plans. | | | | Employers are not alone in recognizing the benefits of |
| The top 10 reason why employers embrace | | | | financial education. Workers also want personal |
| workplace financial education includes: | | | | financial education provided through their employers. |
| 1. To increase participation in and contributions to | | | | They feel this service is more valuable than some |
| 401(K), 403(B), and other retirement plans. | | | | other less frequently used benefits provided by their |
| 2. To help workers improve their personal financial | | | | employer. |
| wellness. | | | | If a company does not currently offer a workplace |
| 3. To help workers remove obstacles to fully funding | | | | personal financial education program to their |
| their retirement plans. | | | | employees, they should look to implement such a |
| 4. To increase employee loyalty and morale. | | | | program as soon as possible. A personal financial |
| 5. To improve workers' chances to retire early or on | | | | education web portal or website can yield huge |
| time. | | | | benefits for the long and short term for both the |
| 6. To reduce workers' stress. | | | | organization and the people involved. Regardless of |
| 7. To increase workplace productivity. | | | | your specific need in the area of financial education, |
| 8. To reduce the incidence of employee theft. | | | | there is a solution. In fact, Strativia's branded portals |
| 9. To help employers avoid lawsuits. | | | | are creative and user-friendly with a focus on |
| 10. To remove limits on tax-deferred savings for | | | | personal financial literacy, retirement planning and |
| highly compensated employees. | | | | preparation, and investor education. |
| Previously, most workplace personal financial | | | | |