Employers are taking notice of employees’ financial concerns beyond traditional retirement savings and are expanding their benefit offerings in response.
Unless this is pretax money, I only see downsides to this versus just opening a regular account at your bank yourself and using your direct deposit allocations.
I could see a case for, like, emergency fund matching. But straight up having your boss control your money? No way in hell are so many workers asking for that. I am highly suspicious of their numbers.
Well, it probably wouldn’t be under the company’s control. My company goes through Fidelity for the retirement account, for example. Even if I leave the company I still have access.
Unless this is pretax money, I only see downsides to this versus just opening a regular account at your bank yourself and using your direct deposit allocations.
I could see a case for, like, emergency fund matching. But straight up having your boss control your money? No way in hell are so many workers asking for that. I am highly suspicious of their numbers.
Well, it probably wouldn’t be under the company’s control. My company goes through Fidelity for the retirement account, for example. Even if I leave the company I still have access.