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Stock impact report

Schwab 401(k) Study: Employers Step Up to Help Workers Manage Financial Stress

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Business Wire
Increased salary, 401(k) match and flexible work arrangements are among the most impactful benefits WESTLAKE, Texas--(BUSINESS WIRE)--Workers’ financial health has improved slightly this year, and 401(k) participants are increasingly crediting their employers for helping to manage financial stress, according to Charles Schwab’s 2024 401(k) Participant Study. The research finds 64% of workers say their employers have taken action to help them manage financial stress, compared to 52% who said the same last year.Actions employers took to mitigate financial stressIncreased pay39%Offered flexible work arrangements19%Increased 401(k) match18%Provided access to financial wellness/education resources15%Provided additional bonus14%More workers report feeling very good about their financial health (24%) compared to last year (20%), but many continue to feel stressed. About half of workers say their financial health has not changed and one in five say it has worsened. Gen Z (37%) and Millenni Show less Read more
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