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6 in 10 experience significant anxiety over their daily finances. -
5 in 10 have dipped into retirement accounts for emergencies, showing a worrying trend toward using long-term savings for short-term needs. -
4 in 10 are managing student debt, with 68% reporting moderate to severe anxiety because of it. -
9 in 10 with student loans say resuming payments impacts their ability to save for retirement.
%20(2000%20x%20400%20px).png?width=2000&height=400&name=Betterment%20(2000%20x%20600%20px)%20(2000%20x%20400%20px).png "Betterment (2000 x 600 px) (2000 x 400 px)")
Connecting your people to a better retirement
Employees are optimistic for tomorrow, but struggling today
The most concerning theme we found: Even though more employees are saving more money in their 401(k)s, they're dipping into retirement savings more often than before—especially younger workers.
**Paid non-client of Betterment. Views may not be representative, see more reviews at G2. Learn more about Thread HCM's relationship with Betterment.
Start with an easy-to-manage 401(k)
Our 401(k) plan is the foundation of our financial benefits package. As your partner, we help you get set up
while alleviating your administrative burden:
while alleviating your administrative burden:
- Administrative support and investment management as a part of serving as your partner in 3(16) and 3(38) fiduciary responsibilities
- Streamlined onboarding and payroll integrations
- Dedicated client support
- Intuitive sponsor dashboard
- Transparent fees
Then Go Beyond Retirement
401(k) match on student loan payments
With SECURE 2.0, employers can offer a 401(k) match for employees paying down qualified student loans.
529 Education Savings
Make saving for education simple, with automated payroll deductions and easy enrollment. Includes an optional employer match.
Financial Coaching
Provide employees with unlimited 1:1 financial advice and planning sessions with our team of financial experts.
Delight your team with a better experience
Highly-rated mobile app
Employees can manage their finances, make deposits, and track performance on the fly with
our user-friendly app.
Ongoing financial education
Our onboarding guidance, webinars, and educational resources can help your employees—
experts and novices alike—make the most of their financial benefits.
Powerful investing technology
Personalized financial projections and recommendations help employees figure out how much
to save. And automated features like portfolio rebalancing and recurring deposits can help
keep their investments on track.
RESOURCE
How to use SECURE 2.0 to enhance your total rewards program
In a competitive business environment, total rewards—the monetary and non-monetary benefits you offer—can be the difference maker for attracting and retaining top talent. We encourage companies to view SECURE 2.0 as a chance to implement new, modern 401(k) features and to
highlight the value of their 401(k) benefit as part of their total rewards program.
Paid non-client of Betterment. Views may not be representative, see more reviews at G2. Learn more about Thread HCM's relationship with Betterment.