How SECURE 2.0 Could Impact Workplace Emergency Savings and Inclusive Financial Wellness
To address the implications and opportunities of new legislation for emergency savings, Commonwealth and Employee Benefit News, with support from BlackRock’s Emergency Savings Initiative, are hosting a webinar on May 17 at 2pm ET, How SECURE 2.0 Could Impact Workplace…
How Payroll Providers Can Advance Worker Emergency Savings: 3 Key Takeaways
Providing a liquid, high-quality emergency savings option through the workplace is key to improving financial security and building wealth for workers living on low and moderate incomes (LMI). It is also of great value to companies as emergency savings3 reduces…
How Payroll Providers Can Advance Worker Emergency Savings: New Webinar on December 8, 2022
Hosted by Commonwealth with support from BlackRock’s Emergency Savings Initiative. Traditional employee benefit packages tend to help those earning higher incomes and rarely address the most pressing needs of workers living on low and moderate incomes (LMI). These workers may…
Designing Research to Maximize Engagement of Gig Workers
The Financial Benefits Project tests benefits employers can use to support financial security of gig workers.
What’s Next for the “S” in ESG Webinar
Financial insecurity remains a pervasive issue, and there is growing recognition of the role of the workplace in advancing worker financial security. As Commonwealth continues to work with employers, it is clear that investors are also an important stakeholder in…
Research Conducted over Last 18 Months Highlights Key Role of Recordkeepers in Employee Emergency Savings
Commonwealth and the Defined Contribution Institutional Investment Association (DCIIA) Retirement Research Center (RRC) partnered on a series of five surveys to understand retirement plan participants’ financial needs, actions, and sentiments during the economic crisis caused by COVID-19. Commonwealth also interviewed…
Debunking Four Emergency Savings Myths Held by RPAs
The following summarizes Commonwealth and our partner NMG Consulting’s research on retirement plan advisors (RPAs) and highlights a significant opportunity for RPAs to join with recordkeepers and plan sponsors in playing a key role in helping Americans build emergency savings.…
Lessons from Three Decades Shaping Retirement Policy
Sometimes dubbed the “Godfather of Auto-enrollment”, no single person has had more influence on retirement policy over the past three decades than Mark Iwry. As a senior official in two administrations, a researcher, and attorney, Mark has helped shape the…
Early Prototype Design on Financial Security Benefits for the Evolving Workforce
Commonwealth has launched The Financial Benefits Project: Developing a Financial Security Toolbox for the Evolving Workforce, a pilot testing the effects of multiple financial benefits on gig workers’ financial security. This research will provide insights into the financial needs of…
Financial Stress Through a Crisis
Over the past few months, the vaccination rates of the general public have spurred a reopening of businesses and, with that a considerate and continuing drop in national unemployment rates. Despite these positive developments, the financial stress and lasting financial…