How much should I match?

Modified on Thu, 16 Feb, 2023 at 8:59 PM

Matching is a great way to encourage and motivate your employees to save! When surveyed, 70% of employees say they would participate in an emergency savings plan if their employer offered one.  The number is even higher with even a modest match.

The match you offer as part of your emergency savings program is fully customizable to meet your benefits goals.

Match Options:

• Signup Bonus: A one-time payment each employee receives if they sign up for a SecureSave Emergency Saving Account.
• Match per Paycheck: The contribution made to each employee per paycheck if they contributed to their SecureSave account from their paycheck. This is further customizable in the Plan section.
• Milestone Bonus: A one-time bonus that you contribute to your employees’ emergency savings balance when they hit a savings milestone. A milestone can be based on the total saved or number of payrolls saved by the employee. You can offer multiple milestone bonuses.

Still unsure how much to match? Our team can help you design an incentive program to maximize the match each employee gets to help build and maintain their savings.