Credit: Adobe Stock
New research from the Employee Benefit Research Institute (EBRI) and J.P. Morgan Asset Management helps to illustrate the importance of emergency savings plans for consumers and the value that project sponsors can provide employees with financial wellness programs.
The report, "How Financial Factors Outside of a 401(k) Plan Can Impact Retirement Readiness," links 401(k) plan data with consumer banking data to examine how 401(k) participants behave when faced with unexpected financial needs. The research found that households that lack the income and cash reserves to support spikes in spending are likely to increase their credit card debt or take a loan from their 401(k) plan.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
