Why Should National Retirement Security Month Matter to Your Employees?

Why Should National Retirement Security Month Matter to Your Employees

One of the most important things you can do to help your employees is to encourage them to participate in their workplace retirement savings plan. October is National Retirement Security Month (NRSM), and it’s the perfect time to educate your employees about the significance of planning for their future financial security. In this blog post, we’ll discuss why NRSM should matter to your employees and how you can help them prepare for retirement.

Retirement savings may not be a top priority for your employees

Many employees may be more focused on paying off high-interest debts or handling immediate expenses than saving for retirement. The intention of NRSM is to bring the importance of financial planning to the forefront of employees’ minds. It’s a reminder that retirement is not a distant concept, but something that should be planned for now, regardless of age. By participating in workplace retirement savings plans, employees will have the opportunity to accumulate funds for the future and potentially help themselves live comfortably in the future.


Workplace retirement plans play a critical role in employee savings

Encouraging employees to take part in their workplace retirement plan helps them take advantage of tax-deferred savings and potential employer contributions. This can significantly increase employee savings over time, allowing for a more secure future. One of the most beneficial features of workplace retirement plans is that they are a simple and automatic way for employees to save. Once an employee is enrolled in a plan, contributions are automatically deducted from their paycheck, so they don’t have to think about it.


Retirement savings can positively impact employee morale

Employees who feel financially secure may be less stressed and more productive at work. Retirement savings can help employees reduce financial stress and may also help them feel more committed to their employer. When employees feel that their employer is looking out for their well-being, they are more likely to develop a sense of loyalty and appreciation.


Retirement planning can be confusing for employees

Unfortunately, many employees find retirement planning to be a challenging concept. It’s your and (our job) to assist employees in understanding the value of contributing to their retirement plans. By taking the extra time to educate employees now and hosting workshops, distributing communications, or offering information on best retirement savings practices, you're setting them up for success and helping to ensure that your employees are informed and equipped to make informed decisions about their future.


You can make a real difference in your employees’ retirement plans

You have the power to make a real difference in your employees’ financial lives. By encouraging participation in retirement savings plans, you have the opportunity to help your employees take control of their future. Retirement planning can be overwhelming, but by breaking it down into small steps and providing resources, you’re helping to make the process manageable for your employees.


NRSM is an opportunity to educate and support your employees as they plan for their future. Encouraging participation in workplace retirement plans can make a world of difference in your employees’ financial security. By taking the time to educate, support, and motivate your employees during NRSM, you’re helping to ensure that they have the tools and resources they need to succeed in retirement. Start now and act by promoting NRSM in your workplace. Feel free to reach out to our team if you’d like to set up an educational workshop on retirement savings or want any retirement planning resources. Your employees are counting on you – be their advocate and help them plan for their financial future.