With many of Americans living paycheck to paycheck, credit and loan benefits are becoming a more appealing voluntary option for employees.
As an alternative, employers are joining with firms such as Kashable to help fund and service loans.
American companies are trying to stop employees from raiding their 401(k)s, in an attempt to ensure that older workers can afford to retire and make room for younger, less-expensive hires.
Perhaps the hottest trend emerging within the employee benefits space is non-insurance offerings…
Companies like Kashable allow employees to access credit and pay back a loan via payroll deductions.
Employers may mean well when they allow employees to take 401(k) loans, and the vast majority of workers with 401(k)s have this option.
But that number might be growing, as employers are joining with firms such as Kashable LLC, Ziero Financial Inc. and Zebit Inc. to help fund ...