Schwab 401(k) Study: Employers Step Up to Help Workers Manage Financial Stress
According to Charles Schwab's 2024 401(k) Participant Study, workers' financial health shows slight improvement, with 24% reporting very good financial health compared to 20% last year. The study reveals that 64% of workers acknowledge their employers' efforts to help manage financial stress, up from 52% in 2023.
Key employer actions include salary increases (39%), flexible work arrangements (19%), and increased 401(k) match (18%). Notably, 84% of workers value flexible work arrangements, with 57% willing to sacrifice salary increases for work autonomy. The study also highlights growing interest in SECURE 2.0 Act provisions, with 32% of workers seeking guidance on how these changes affect their retirement plans.
Secondo lo studio del 2024 sui partecipanti del 401(k) di Charles Schwab, la salute finanziaria dei lavoratori mostra un leggero miglioramento, con il 24% che riporta una salute finanziaria molto buona rispetto al 20% dello scorso anno. Lo studio rivela che il 64% dei lavoratori riconosce gli sforzi dei propri datori di lavoro per aiutare a gestire lo stress finanziario, in aumento rispetto al 52% nel 2023.
Le principali azioni dei datori di lavoro comprendono aumenti salariali (39%), forme di lavoro flessibili (19%) e un aumento del contributo al 401(k) (18%). È significativo che l'84% dei lavoratori apprezzi le forme di lavoro flessibili, con il 57% disposto a rinunciare agli aumenti salariali per avere maggiore autonomia lavorativa. Lo studio evidenzia anche un crescente interesse per le disposizioni del SECURE 2.0 Act, con il 32% dei lavoratori in cerca di indicazioni su come queste modifiche influenzano i loro piani pensionistici.
Según el Estudio de Participantes en el 401(k) de Charles Schwab de 2024, la salud financiera de los trabajadores muestra una ligera mejora, con un 24% que reporta una salud financiera muy buena en comparación con el 20% del año pasado. El estudio revela que el 64% de los trabajadores reconoce los esfuerzos de sus empleadores para ayudar a manejar el estrés financiero, un aumento del 52% en 2023.
Las acciones clave por parte de los empleadores incluyen aumentos salariales (39%), arreglos laborales flexibles (19%) y un aumento en la correspondencia del 401(k) (18%). Es notable que el 84% de los trabajadores valora los arreglos laborales flexibles, con un 57% dispuesto a sacrificar aumentos salariales por autonomía en el trabajo. El estudio también destaca un creciente interés en las disposiciones de la Ley SECURE 2.0, con un 32% de los trabajadores buscando orientación sobre cómo estos cambios afectan sus planes de jubilación.
찰스 슈왑의 2024년 401(k) 참가자 연구에 따르면, 근로자의 재정 건강이 약간 개선되었으며, 24%가 매우 좋은 재정 건강을 보고하고 있습니다 지난해 20%와 비교됩니다. 이 연구는 64%의 근로자가 재정적 스트레스를 관리하는 데 도움을 주려는 고용주의 노력을 인정하고 있으며, 이는 2023년의 52%에서 증가한 수치입니다.
주요 고용주 조치에는 급여 인상(39%), 유연한 근무 arrangements(19%) 및 401(k) 매칭 증가(18%)가 포함됩니다. 주목할 만한 점은 84%의 근로자가 유연한 근무 arrangements를 소중히 여기며, 57%는 근무 자율성을 위해 급여 인상을 포기할 의향이 있다는 것입니다. 이 연구는 또한 SECURE 2.0 법안 조항에 대한 관심이 증가하고 있음을 강조하며, 32%의 근로자가 이러한 변화가 자신의 은퇴 계획에 어떤 영향을 미치는지 안내를 찾고 있습니다.
Selon l'étude de Charles Schwab sur les participants au 401(k) de 2024, la santé financière des travailleurs montre une légère amélioration, avec 24 % signalant une très bonne santé financière contre 20 % l'année dernière. L'étude révèle que 64 % des travailleurs reconnaissent les efforts de leurs employeurs pour aider à gérer le stress financier, en hausse par rapport à 52 % en 2023.
Les principales actions des employeurs comprennent des augmentations de salaire (39 %), des arrangements de travail flexibles (19 %) et une augmentation de la correspondance au 401(k) (18 %). Notamment, 84 % des travailleurs valorisent les arrangements de travail flexibles, avec 57 % prêts à sacrifier des augmentations de salaire pour plus d'autonomie au travail. L'étude met également en évidence un intérêt croissant pour les dispositions de la Loi SECURE 2.0, avec 32 % des travailleurs cherchant des conseils sur la manière dont ces changements affectent leurs plans de retraite.
Laut der 401(k) Teilnehmerstudie von Charles Schwab für 2024 zeigt die finanzielle Gesundheit der Arbeitnehmer eine leichte Verbesserung, wobei 24 % eine sehr gute finanzielle Gesundheit berichten im Vergleich zu 20 % im letzten Jahr. Die Studie zeigt, dass 64 % der Arbeitnehmer die Bemühungen ihrer Arbeitgeber anerkennen, um finanziellen Stress zu bewältigen, ein Anstieg von 52 % im Jahr 2023.
Zu den wichtigsten Maßnahmen der Arbeitgeber gehören Lohnerhöhungen (39 %), flexible Arbeitsregelungen (19 %) und eine erhöhte 401(k)-Zuschussleistung (18 %). Bemerkenswert ist, dass 84 % der Arbeitnehmer flexible Arbeitsregelungen schätzen, wobei 57 % bereit sind, auf Lohnerhöhungen zugunsten von Arbeitsautonomie zu verzichten. Die Studie hebt auch das wachsende Interesse an den Bestimmungen des SECURE 2.0-Gesetzes hervor, wobei 32 % der Arbeitnehmer nach Orientierung suchen, wie diese Änderungen ihre Altersvorsorgepläne betreffen.
- None.
- None.
Increased salary, 401(k) match and flexible work arrangements are among the most impactful benefits
Actions employers took to mitigate financial stress |
|
Increased pay |
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Offered flexible work arrangements |
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Increased 401(k) match |
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Provided access to financial wellness/education resources |
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Provided additional bonus |
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More workers report feeling very good about their financial health (
“While the markets have generally performed well this year, inflation and economic conditions have continued to put pressure on workers’ finances at elevated levels,” said Lee McAdoo, Managing Director of Schwab Retirement Plan Services. “In the face of external economic factors, employers are supporting their employees with a combination of direct financial assistance and accompanying resources to help them manage financial stress and overall well-being.”
Flexible work still a priority
More than four years since the start of the COVID-19 pandemic, flexible work arrangements remain important to the vast majority of workers with 401(k) plans and have become more attractive than a salary raise for many. Flexible work arrangements are important to
The percentage of Boomers who are willing to give up a salary increase for a more flexible work arrangement jumped from
Women are more likely to say that the ability to work from home (
The potential of SECURE 2.0
Nearly one in three workers (
As employers have begun adopting SECURE 2.0 provisions, more workers have become attuned to the benefits that could help them manage their finances. The most pronounced interest is in the federal government’s plan to make matching contributions to workers’ retirement accounts based on income.
SECURE 2.0 Act Provisions |
Aware |
Would like to learn more |
Government matching contribution to |
|
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Easier 401(k) withdrawal for emergency expenses |
|
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Employer contributions as Roth |
|
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Set up emergency savings account at work |
|
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Increased contribution maximum for ages 60-63 |
|
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“As employers navigate changes they can make within their retirement plans, it’s important to evaluate which provisions could add the most value for their employees,” said Marci Stewart, Director of Client Experience at Schwab Workplace Financial Services. “It’s still early days for SECURE 2.0 adoption as employers consider the potential it holds to build on the support they are offering employees across a range of financial needs.”
About the survey
This online survey of 1,000
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us on X, Facebook, YouTube and LinkedIn.
Disclosures
Workplace Financial Services is a business enterprise which offers products and services through Schwab Retirement Plan Services, Inc.; Schwab Stock Plan Services; and Designated Brokerage Services. Schwab Retirement Plan Services, Inc., provides recordkeeping and related services with respect to retirement plans. Schwab Stock Plan Services is a division of Charles Schwab & Co., Inc. providing equity compensation plan services and brokerage solutions for corporate clients. Schwab Designated Brokerage Services (DBS), a division of Charles Schwab & Co., Inc., provides technology solutions for corporate clients with regulatory requirements to monitor employee security transactions. Schwab Retirement Plan Services, Inc., and Charles Schwab & Co., Inc. (“Schwab”) (Member SIPC) are separate but affiliated entities, and each is a subsidiary of The Charles Schwab Corporation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241023542332/en/
Mike Peterson
Charles Schwab
330-908-4334
mike.peterson@schwab.com
Carly Taylor
The Neibart Group
973-618-6993
SchwabRPS@neibartgroup.com
Source: The Charles Schwab Corporation
FAQ
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