The widespread impact of the COVID-19 pandemic and resulting stress on both business owners and employees alike have reached a breaking point, leading to a historical tide of turnovers – a reported 52%1 of employees intend to look for a new job in 2021, which can seriously hinder small and mid-sized business’s ability to grow.
High-performing financial benefits play a critical role in meeting the needs of today’s multigenerational workforce. Recent legislation has made it possible for small and medium-sized business owners to offer cost-effective retirement and financial benefits. OneDigital’s Complete Retirement Solution includes a defined contribution retirement plan and a financial wellness solution that provides individualized support from financial wellness coaches and personalized investment management inside the plan, including:
Enhanced plan features and benefits typically only available to large market employers.
Personalized coaching and investment support designed specifically for each employee.
The ability to outsource administrative and fiduciary responsibilities associated with the plan.
Ongoing investment support and advice at the employer level including selection, monitoring and reporting to ensure regulatory compliance.
Contrary to traditional belief, physical health is only one piece of the wellbeing puzzle. Mental health, purpose, connection to community and financial health all play a significant role in overall wellbeing.
Small businesses are uniquely positioned to unleash people potential through a complete financial wellness solution, one seeks to address and improve that addresses retirement and improves financial literacy. These highly sought-after benefits may help attract and retain talent needed to accelerate growth and realize business potential.
OneDigital introduces comprehensive retirement plan solution that includes a robust financial wellness platform and hands-on account management.
Understanding how automating your retirement plan can help you be retirement-ready.
The Internal Revenue Service (IRS) has released all retirement plan limits for the 2022 calendar year. This is a list of all the contribution limits.
Student loans are a problem. Many are struggling to prioritize savings. Just because you have debt, it does not mean you should stop saving for retirement.
1Morgan Stanley. “Better for Employees, Better for Business: The Case for Employers to Invest in Employee Financial Health.” December 2018.
Investment advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser and wholly owned subsidiary of OneDigital.