Build Retirement Security While Reducing Loans and Withdrawals

A workplace emergency savings program is a proven way to reduce 401(k) leakage and improve retirement readiness, helping employees feel confident about their future.

See for yourself how SecureSave can make an impact on 401(k) loans & withdrawals
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Proven Impact

With more than half of Americans unable to cover a $1,000 emergency, many end up raiding their retirement savings just to get by.

However, when employees have emergency savings, they are:

50%

Less likely to withdraw from retirement

2x

More likely to increase retirement contributions

70%

More likely to contribute to DC Retirement Plan

Sources and more in-depth statistics on our By the Numbers page. Learn more

92% of SecureSave users have at least maintained their retirement contribution rate over the last year.

32% voluntarily increasing their contribution, which is 2x the national average.

Source: SecureSave user survey Q3 2025

Why do Emergency Savings Accounts improve retirement readiness?

They avoid tapping their 401(k) for emergencies.

With a safety net, employees don’t need to take loans or withdrawals.

They keep retirement balances growing.

Money stays invested, compounding over time instead of being tapped prematurely.

They build lasting savings habits.

Success with short-term saving builds momentum for long-term goals like retirement.

What's happening here?

401(k)s are often used for short-term needs

Employees don’t have adequate short-term savings

About half of Americans can’t cover a $400 emergency expense

Source: Economic Security Project (2022)

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Employers face administrative burden of processing 401(k) loans

Over one third of plan participants take out a 401(k) over a five-year period.

Source: National Bureau of Economic Research (2015)

Employees don’t receive money in time to cover emergencies

10 days for a 401(k) loan/withdrawal vs. two day ACH transfer for SecureSave.

Source: Investopedia

Employees' ability to retire is affected and employers pay for it

A one year delay in retirement age can cost an employer $50k per employee.

Source: Prudential (2019)

Customer story

A large family-owned American furniture and textile manufacturing company

Furniture and textiles manufacturer reduces 401(k) loans and withdrawals with ESA solution

With hundreds of employees spread between office, warehouse, and assembly lines, this furniture manufacturing company wanted a holistic financial wellness solution. There were employees borrowing money from their 401(k)s on a regular basis to pay for emergencies like new car tires or a water heater replacement.

  • Chose SecureSave to help employees build up emergency savings so they wouldn’t need to use their retirement savings when emergency situations occurred
  • Planned a phased rollout targeting the hardest hit employees first — helping those who needed it the most
Read more SecureSave customer stories
“We were seeing a lot of employees taking 401(k) loans and employees asking if we had an employee assistance fund. Many of the issues were for car or home repairs typically totaling less than $2,000, yet they were tapped out and didn’t have any money set aside. We wanted to help people save for a financial emergency since they weren’t doing it on their own.”
HR Team at Grace Health
“SecureSave is a low-cost, really novel benefit... I noticed that a lot of people were borrowing money against their 401K, and SecureSave offered an excellent auxiliary plan.”
Director of Finance at SEIU California State Council
Help improve your 401(k) by offering an emergency savings solution
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How SecureSave helps

Complement your 401(k) program with a dedicated short-term savings solution

SecureSave encourages employees to save through an easy-to-use employer-sponsored emergency savings program. Employers can provide sign-up bonuses, savings matches, and milestone rewards for their employees to spur good savings habits.

  • Easy setup and maintenance through integrationwith HCM platforms
  • Non-ERISA, standalone solution/benefit
  • Real time reporting on employee utilization andprogram impact
  • Invitation-based program with flexible incentiveprogram designs
  • Employees receive a payroll-linked, zero fee,FDIC insure emergency savings program with access to funds at any time

Reduce 401(k) loans and withdrawals with a SecureSave program like this

Example SecureSave Program

Biweekly paycheck match
$5
Signup bonus
$50
Milestone bonuses
$10
Per $500 saved

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

Design your program today
Get a personalized demo to learn why SecureSave complements your existing benefits package
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More use cases

Make your benefits more inclusive with financial wellness

Ensuring all employees have equal access to financial information and services helps them generate greater wealth and achieve financial stability — helping them feel and be more secure. 

Enhance recruiting and retention efforts

Many employers can’t find the qualified candidates they need for roles and employees are likely to leave their positions with shorter tenures than ever before.

Make your limited benefits budget count

Not all companies have the budget to provide extensive benefits to their employees. Certain benefits are required or expected like health insurance or retirement plans.

Improve employee financial wellness

Finding the right financial wellness solution is no easy task. Each employee has unique needs. Financial stress can lead to a reduction in work performance and higher turnover.

Help improve your 401(k) by offering an emergency savings solution

Contact us