Financial Wellness Library

What you need to know about 401 (k) loans and your workforce

What you need to know about 401 (k) loans and your workforce

401 (k)’s are primarily a retirement savings vehicle, however, in recent years the amount of 401 (k) loans has increased. Employees that are borrowing from their retirement funds are hurting their financial futures. Here’s why. 401 (k) loans explained Employees may...

read more
Stories from Human Resources

Stories from Human Resources

Kathryn, Senior Director of Human Resources, Pasadena Humane Society & SPCA Kathryn, an HR professional of over 25 years, brought HoneyBee to the Pasadena Humane Society because she wants all of her employees to feel financially secure. It was an easy decision...

read more
Can your employees cover a $400 unexpected expense?

Can your employees cover a $400 unexpected expense?

According to a survey by the Federal Reserve, 4 in 10 Americans wouldn’t have the cash to cover a $400 unexpected expense. The study also asked how these Americans would go about covering the $400 expense without having cash on hand. The most common solutions to this...

read more
Traditional savings advice is wrong

Traditional savings advice is wrong

Experts agree you should have 3 to 6 months of your salary in savings. Here’s why that’s hard for your employees. Traditional savings advice stops people from taking action In their 2019 report, economists Emily Gallagher and Jorge Sabat challenge traditional savings...

read more