Benefits to the Employer

Reduces paper, saves administrative time, lowering costs for HR department.
Transitions HR from transactional to strategic, reducing redundent, time-consuming tasks.
Fosters increased employee appreciation for employer- provided benefits.
Financial education addresses employer fiduciary liability under ERISA.
Reduces employee stress regarding finances and life events, increasing productivity.
Rewards loyal employees who have contributed to the employer’s success.
Helps facilitate smooth turnover of retirees and orderly transfer of work responsibilities.
Reduces negative effect of termination/layoff; mitigates potential for disruptions and violence.