SecureSave
SecureSave is a leading workplace emergency savings program designed to improve recruitment and retention, reduce financial stress, and limit reliance on 401(k) loans and withdrawals.
About SecureSave
SecureSave is the leading workplace emergency savings program that focuses on improving recruitment and retention while reducing reliance on 401(k) loans and withdrawals. The program aims to minimize financial stress through a user-friendly platform offering features such as a 3-click signup process and paycheck autosave, ensuring high adoption rates across various income levels. SecureSave's solution provides an immediate positive impact on employees' lives, requiring minimal cost and effort from employers for implementation.
SecureSave Services
SecureSave offers a low-cost, high-impact solution for emergency savings. The service is designed to be easy to implement, with no training required, no enrollment process, or paperwork involved. Employers can generally deploy SecureSave within two weeks. The program is customizable and can be integrated and co-branded with existing systems. It includes detailed reporting features on employee signup statistics and withdrawal reasons. Additionally, SecureSave provides employer incentives such as payroll matches, signup bonuses, and milestone bonuses to encourage employee savings.
SecureSave Features
SecureSave features a 3-click signup process and paycheck autosave to drive high adoption rates. The platform ensures ease of use with no training required for deployment. SecureSave offers FDIC-insured emergency savings accounts through Wells Fargo N.A. and Stearns Bank N.A., ensuring a secure place for employees to save. The program's employee app is available on web, Android, and iOS platforms, enhancing convenience. SecureSave also offers transparent, month-to-month pricing plans, starting as low as $99 per month for small businesses.
SecureSave Business Impact
SecureSave has a significant average adoption rate of 62% among invited employees, with 87% of funds remaining in accounts each month. Most users save approximately $400 after just four months. The company provides employers with a business impact calculator to estimate the cost of financial stress on their operations. SecureSave enhances its impact through partnerships with various organizations like Pioneer Square Labs, Bloom Venture Partners, IA Ventures, and others. This collaborative approach helps deliver a robust and effective emergency savings solution that complements existing retirement plans such as 401(k), 403(b), or pensions.
SecureSave Pricing
SecureSave offers simple, transparent pricing, charging only for participating employees. Employers can choose from various pricing plans designed to fit different business sizes, from small businesses to enterprises. Small businesses can benefit from plans starting at $99 per month. The pricing structure operates on a month-to-month contract basis, offering flexibility for organizations. SecureSave's low-cost model delivers a high-impact solution, making it an attractive option for companies looking to support their employees' financial wellness.