For the last few decades, many Americans have been offered physical wellness programs. Most have targeted issues like …Only 20% work out, 20% smoke, 21% are obese and 35% have high blood sugar. During this time a silent epidemic has surpassed the physical ailments. One that statistically speaking is a financial Tsunami that can completely destroy morale and productivity. This can create a compounding effect on absenteeism and turnover.

The Silent Epidemic is a stressed, depressed and financially overwhelmed workforce or member base. The stats are… 46% have excessive and increasing levels of stress, 67% are depressed, and a staggering 90% are becoming financially overwhelmed. Overspending, record setting debt, and the inability to easily track and budget expenses are the main culprits, leading to difficulty in financially preparing for retirement.

When employees are stressed or absent, production decreases. When members are depressed and financially overwhelmed, dues or donations plummet. The average family now owes $120,000 of which over $10,000 is credit card debt. With just $5,000 in credit card debt, at 18% interest, the minimum payment would take almost 40 years to pay off.

The average worker has over a 50% chance they will have at least one legal or tax issue in their family this year alone. This will cause them to be absent 57 hours from work. With a lack of resources and professional advice, the cost of these issues can range from $500 for a traffic ticket, $1000 for identity theft, $3000 for audit representation or collection defense, and up to $20,000 for a divorce. These issues can wipe out their savings and create even more debt.

The mounting pressure has sent prescription drug use to an all time high. Stats show 66% of adults use prescription drugs and almost half are an out of pocket expense. This consumes even more of their potential savings or retirement dollars. To top it off, since 1980 the average return on most retirement plans offered by employers have reaped a dismal 2.7% net return after fees per year. Click here to read why

 

Over the last 30 years or so, most corporations discovered they could freeze their pension plan, shift to a 401k and save money. There is a new and even more cost effective shift on the horizon. Many financial gurus and business publications are now recommending a new solution for retirement. Moneylogic calls it, Our Tax Free Stress Free Retirement Plan. It can be offered as a companion plan or side by side with your existing plan and is totally voluntary. So your employees or members can do a little, a lot, or none at all. There is no minimum participation, no fees, admin, ERISA compliance, statutory testing, and continuing education. Plus there is NO MATCH.

To give you an idea how profound this can be for a company, here is a case study done by Brooks Hamilton, a partner in Moneylogic. Brooks is considered to be one of only 3 retirement gurus in the United States, and has been featured on 60 minutes, Front line and PBS. Brooks compiled the data and numbers of a large computer company here in the U.S. He calculated if 50% of their 401k participants shifted half of their contributions to our Tax Free Plan…so this figure would be equate to just 25% of the total contributions….that company could save almost 1 million per week by offering our plan with… NO MATCH. To get more details on our plan, click on Benefits-Products-Services. For more in depth information and the facts on why our plan is a superior choice… Click here to read.

If you are not currently offering a comprehensive financial wellness or retirement plan, Moneylogic can be your …"little to no cost solution" …that your workers, clients or members so desperately need.