SecureSave - By the Numbers

How Our Members Use SecureSave

SecureSave members use our app frequently to save a significant amount of money each month. This helps them build up a substantial emergency fund that’s there for them when they need it.

Adoption rate

60%

'Adoption rate' above reflects the average adoption rate of employers who have launched directly with SecureSave as of Jan '24

Savings retention

87%

'Savings retention' refers to the percentage of funds that remain in ESA accounts

User retention

95.5%

'User retention' measures annual retention of active employees

Average monthly contribution

$76

Monthly login rate

61.5%

The average first-year savings journey

The return on investment from workplace emergency savings

Is there an ROI on an emergency savings program? What improvements does the employer see for employees with an ESA?

Retirement

50% less likely to withdraw from retirement

2x more likely to increase retirement contribution

70% more likely to contribute to DC retirement plan

Productivity & retention

10x more likely to be focused at work

28% less likely to leave their job

87% less likely to have onsite safety issues

Emergency Usage from SecureSave Members

Average emergency withdrawal

$170

97.3% of users keep saving after they withdraw

Why users withdraw

What Industries Use SecureSave

A wide variety of companies from different industries utilize SecureSave, but we’ve seen some trends emerge.

Hospital & Healthcare

Manufacturing

Professional Services

Info Tech & Software

Consumer Services

Wholesale & Retail

Civic & Social Organization

Media & Entertainment

Construction

Automotive & Transportation

Education

Hospitality

Real Estate

Banking & Financial Services

Staffing & Recruiting

Food & Beverage

Don't see your industry?

We’re continuously finding new employee populations that benefit from emergency savings. Chances are, SecureSave can have a positive impact on the lives of your people.

Incentives that power SecureSave

How your company can encourage employees to build healthy savings habits

Strong incentives

A good incentive structure helps power a SecureSave ESA. You’ll see higher adoption rates and additional engagement with more incentive dollars for each employee.

Total Annual Incentive

Adoption rate

Less than $100

41%

Signup bonuses

A signup bonus of just $25 can make a significant difference in deploying your program. With a total incentive of $125 per year per employee, consider a significant amount upfront to incentivize initial adoption.

Per paycheck matches

Per paycheck matches are crucial for promoting ongoing savings behavior. An incentive structure below $125 per year per employee, with a $3 match per paycheck, can effectively drive positive results.

A little goes a long way

As you can see in our sample program, it doesn’t take a lot to create a meaningful incentive program for your ESA. For just $165 per employee per year (not including SecureSave fees), you can provide your employees with a strong program to build up their emergency savings.

Example SecureSave Program

See the impact of your custom SecureSave program with our ROI calculator.

The return on investment from a SecureSave program

Is there an ROI on a SecureSave workplace emergency savings program? How do you measure it?

Employee turnover

33%

National Average

According to recent BLS data for 2022, quits made up 70% of total separations. Over 50 million Americans voluntarily left their jobs in 2022, while another 21.7 million were laid off or separated in another manner.

13%

With SecureSave

SecureSave retention data includes both voluntary and involuntary turnover. We choose to compare internal retention data to voluntary separations only to give the most accurate picture of the potential ROI.

All SecureSave data is based on active clients as of January 2024.