Post by Summit Group 401k Consulting, an Alera Group Company

Interesting data from the Employee Benefit Research Institute and J.P. Morgan shows most #401kloans are not about vacations or big splurges. Instead, they are more often tied to cash flow stress, rising #creditcard balances, #healthcarecosts, or housing expenses. Intentional #retirementplan design and employee #financialwellness support that help smooth cash flow can protect both short-term stability and long-term #retirement outcomes. #401k #401kloan #retirementplans #plansponsor #HR #HRbenefits #benefits #HR401k #HRExecs #HRinsights #CFO #SG401k Craig Stanley, CPA CPFA Lieren Timeus, CFP®, CPFA Colin Ragsdale, CPA CPFA Sarah DeLacey Kristina Radom