Celebrate National Employee Benefits Day! | April 2, 2025 🎉

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Published: 04.01.2025

What is National Employee Benefits Day?

National Employee Benefits Day is a perfect time for benefits professionals to take a look at the big picture and help their clients evaluate their current benefits programs.

National Employee Benefits Day 2025: Future-Ready Financial Well-being

This year, National Employee Benefits Day takes place on Wednesday, April 2, and the theme is Future-Ready Financial Well-Being.
 

What is financial well-being?

Financial well-being is when an individual has control over their finances, feels secure about their financial future and can comfortably meet current and future financial obligations. It is not just about wealth but also about financial stability and confidence in managing money effectively.
Key aspects of financial well-being include:

1. Control Over Day-to-Day Finances – Being able to pay bills on time, manage expenses and avoid excessive debt.
2. Ability to Handle Unexpected Expenses– Having emergency savings or access to resources to cover unforeseen expenses, such as medical bills or car repairs.
3. Long-Term Financial Security – Managing savings and investments for future goals, such as retirement, education or homeownership.
4. Financial Freedom to Make Choices – The ability to enjoy life, make career decisions and pursue personal goals without being overly burdened by financial stress.
5. Confidence and Financial Knowledge – Understanding personal finances, making informed decisions and feeling empowered about financial choices.

Why should financial well-being be a top priority for employers and plan-sponsors?

Financial well-being should be a top priority for employers and plan sponsors because it directly impacts employee productivity, engagement and overall workplace satisfaction. Supporting employee financial wellness is a part of a whole health approach to employee benefits packages.

1. Improved Employee Productivity – Financial stress is a leading cause of distraction at work. Employees struggling with financial issues may spend time worrying about money rather than focusing on their tasks.
2. Higher Retention and Job Satisfaction – Offering strong financial wellness programs, including retirement plans and debt management resources, helps employees feel supported, and this helps reduce turnover and increase loyalty to the company.
3. Reduced Healthcare Costs – Financial stress is linked to physical and mental health issues, leading to increased absenteeism and healthcare claims. Supporting financial wellness can lead to healthier employees and lower healthcare costs.
4. Increased Participation in Retirement Plans – When employees have access to financial education and tools, they are more likely to participate to maximize their retirement savings, leading to better long-term financial security.
5. Competitive Advantage in Talent Acquisition – Companies that prioritize financial well-being stand out in attracting top talent. Offering benefits like financial coaching, emergency savings plans and student loan assistance can differentiate an employer in a competitive job market.
6. Enhanced Workplace Morale – Employees who feel financially secure are generally more engaged and satisfied in their roles, which supports a more positive workplace culture.

What types of employee benefits can help foster strong financial well-being?

1. Retirement & Long-Term Savings Benefits
   • 401(k) or 403(b) Plans – Employer-sponsored retirement plans with matching contributions encourage employees to save for the future.
   • Pension Plans – Defined benefit plans provide guaranteed retirement income.
   • Stock Options or Employee Stock Purchase Plans (ESPPs) – Help employees build wealth through company equity.
2. Debt Management & Student Loan Assistance
   • Student Loan Repayment Programs – Employer contributions toward student loan debt help reduce financial burdens.
   • Student Loan Refinancing Assistance – Guidance on refinancing options to lower interest rates.
   • Credit Counseling Services – Help employees manage and reduce debt through expert financial advice.
3. Financial Education & Coaching
   • Financial Wellness Programs – Workshops, webinars and tools to improve financial literacy.
   • One-on-One Financial Coaching – Access to certified financial planners for personalized advice.
   • Budgeting & Money Management Tools – Apps or software to track expenses, savings and investments.
4. Healthcare & Insurance Benefits
   • Health Savings Accounts (HSAs) & Flexible Spending Accounts (FSAs) – Tax-advantaged accounts for medical expenses.
   • Comprehensive Health Insurance – Reducing out-of-pocket healthcare costs eases financial strain.
   • Disability & Life Insurance – Providing income protection in case of unexpected events.
5.  Work-Life Benefits That Reduce Financial Stress
   • Childcare Assistance – Subsidized daycare or dependent care FSAs to help working parents.
   • Tuition Assistance & Education Reimbursement – Supports career growth without accumulating excessive debt.
   • Transportation & Commuter Benefits – Pre-tax commuter programs or employer-paid transit passes.
6. Employee Discounts & Perks
   • Discount Programs – Reduced costs on everyday expenses, including travel, shopping and wellness.
   • Home Buying Assistance – Support with down payments or guidance on mortgage programs.

By offering these benefits, employers can improve financial security, reduce workplace stress, boost retention and enhance overall employee satisfaction—ultimately contributing to a more engaged and productive workforce.

Additional National Employee Benefits Day Resources

For other workplace resources and to learn more about National Employee Benefits Day, visit the International Foundation of Employee Benefit Plans website.

And, to learn more about employee benefits and programs that encourage financial well-being, contact our team today.