Plan Sponsors Face Several Decisions About Emergency Savings Offerings
Plan Sponsors Face Several Decisions About Emergency Savings Offerings They need to determine how emergency savings accounts will be invested and whether to match employees’ savings, as well as whether recordkeepers’ out-of-plan or in-plan options are best. Reported by Since the pandemic has exposed many Americans’ lack of emergency savings, retirement plan recordkeepers have been scrambling to create both in-plan and out-of-plan solutions, according to a recent report from Commonwealth. The report, “Eye on Systemic Change in the Retirement Industry: How Recordkeepers Are Leading the ...