The Wall Street Journal breaks the news of UPS’s groundbreaking plan to offer nearly 100,000 of its employees a way to save for emergencies within the company’s 401(k) retirement plan, “becoming one of the largest U.S. employers to join a trend that reflects concern over the impact of workers’ financial problems on their ability to retire.” UPS, a partner in BlackRock’s Emergency Savings Initiative, will become the first employer in the Initiative to roll out an emergency savings program at scale. 

Commonwealth worked closely with UPS and Voya Financial, UPS’s 401(k) plan provider, to develop the solution that will give thousands of employees the option to divert a portion of their paychecks into rainy-day funds within their retirement plans.