WEBINAR: New Research: Recordkeepers’ Role in Providing Emergency Savings for an Inclusive Recovery
Thursday, February 25th, 3pm EST
Hosted by Commonwealth in partnership with DCIIA's Retirement Research Center.
With 37% of Americans unable to afford a $400 emergency and 50% of Americans unprepared for retirement, retirement recordkeepers recognize that many of their plan participants cannot cover the costs of short-term emergencies, let alone prepare for financially stable retirement. Now they are acting to solve this issue by offering or planning to offer emergency savings products. To capture and share insights from the retirement industry on offering workplace emergency savings products, Commonwealth and DCIIA Retirement Research Center (RRC) conducted a series of interviews with nine of the largest recordkeepers and seven plan sponsors. This research explores the role that recordkeepers and plan sponsors will play in promoting an inclusive recovery by supporting the most financially vulnerable workers in rebuilding financial security.
Join Commonwealth and DCIIA as we present findings from our new research about drivers and considerations of recordkeeper-provided emergency savings and discuss the implications of these findings for recordkeepers, plan sponsors, retirement advisors, and financial institutions.
Moderator & Research Presenter
- Catherine Wright, Senior Innovation Manager, Commonwealth
Introduction
- Tim Rouse, Executive Director, SPARK Institute
Panelists
- Emily Kolle, VP, Product Management, Fidelity
- Jeff Cimini, SVP, Head of Institutional Product, Voya Financial
- Warren Cormier, Executive Director, DCIIA Retirement Research Center (RRC)
This webinar is made possible thanks in part to the support of BlackRock’s Emergency Savings Initiative.
