SecureSave | LinkedIn (original) (raw)
Financial Services
Kirkland, Washington 2,551 followers
The leading workplace emergency savings solution to help employees improve financial wellness and feel more secure
About us
SecureSave is the leading workplace emergency savings solution offering a standalone Emergency Savings Account (ESA) built specifically to drive high employee participation while delivering measurable improvements to employee financial wellbeing. Our average adoption rate is 62% due to our easy-to-use mobile and web app, payroll savings automation, employee encouragement, and employer “matching” and incentive programs. SecureSave helps employees avoid 401k loans and withdrawals, payday loans, second jobs, and credit card debt when faced with unexpected financial emergencies, which results in higher productivity and less on-the-job stress. SecureSave is the first financial wellness product demonstrating the ability to create ongoing employee savings behavior at a large scale.
Industry
Financial Services
Company size
11-50 employees
Headquarters
Kirkland, Washington
Type
Privately Held
Founded
2020
Specialties
employer benefits, workplace savings, financial wellness, emergency savings, retirement benefits, and employee well-being
Locations
Employees at SecureSave
Updates
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2,551 followers
2d Edited
In a world where instant gratification is often the norm, we need to change the mindset around savings. As Co-Founder, Suze Orman, puts it: “get as much pleasure out of saving as you do spending.” So, how can employers help shift employees' mindset around saving? Make saving easy, automatic and rewarding! Check out the link in the comments for more tips from Suze on how we can "train your brain" to enjoy saving. #EmergencySavings #SavingsHabit #FinancialWellness - Having even a small safety net set aside for unexpected expenses—like car repairs, medical bills, or other life surprises—can provide peace of mind and reduce the anxiety of "what if." It's not just about #financialsecurity; it's about emotional well-being, allowing you to face challenges with confidence rather than fear. Start small. Stay consistent. Suze Orman #emergencysavings
Suze Orman
Suze Orman is an Influencer
Bestselling Author | Host of the Women & Money Podcast | Co-Founder of SecureSave
1w
I know many of you want to have an emergency fund, but then you talk yourself out of it before you ever begin saving. Because you know you can’t just snap your fingers and have plenty saved up, or you think you can’t afford to start saving now. What’s so sad is that I know that must cause such stress. If you don’t have an emergency cushion, on some level you’re always worried about what you’ll do if one of life’s “what ifs” strikes. No more excuses. You can do it. You must do it. Start today! #EmergencyFund #FinancialSecurity #MoneyManagement - We’re excited to see so many employers prioritizing #financialsecurity for their employees in 2025! Less than two weeks into the new year, we are already making great strides, with 10 new employers currently working on deploying their ESA program. However, there’s still significant work needed to bridge the gap between what employees want and what employers offer. According to Alight Solutions' recent study (link in comments): - 54% of employees want their employer’s help in creating an emergency fund - But only 26% of employers believe they should provide emergency savings tools This disparity is likely to change as more employers recognize the ROI of emergency savings accounts (ESAs) and their growing popularity. While SECURE 2.0 legislation has introduced ways to integrate emergency savings within retirement plans (like PLESAs), adoption rates remain low: - Only 5% of employers are likely to add the 2,500sidecarESA,and02,500 sidecar ESA, and 0% are certain to do so - 70% are “unsure” or “unlikely” to add the 2,500sidecarESA,and01,000 emergency withdrawal option From our discussions with employers, the complexities of in-plan accounts often outweigh the benefits. This is why out-of-plan emergency savings solutions, are more appealing - especially given the success that most of these programs have seen. We’re encouraged by the progress being made and excited to continue driving momentum in this space!
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2,551 followers
2w Edited
NEW CUSTOMER SPOTLIGHT: Lifetime Hearing Services Lifetime Hearing takes pride in being the leading audiologists and hearing instrument specialists serving Pee Dee, South Carolina. As a small business, it can be difficult to provide a wide variety of benefits, especially given the rising cost of health insurance. When Lesley Kirby heard SecureSave Co-Founder, Suze Orman, discuss SecureSave on a podcast, she knew that an emergency savings program would not only be a high-impact solution that could fit within her budget, but it would also be the perfect complement to Lifetime Hearing’s existing 401k program. While the 401k program has only appealed to some of the staff, their SecureSave program has 100% adoption! Adoption was quick and easy, with Lifetime Hearing Services launching their program on the same day as their onboarding call. For small businesses, it’s not uncommon for a program to launch within a few weeks of the first call with our team. To learn more about Lifetime Hearing Services, check out the link to their website in the comments below.#EmergencySavings #CustomerSuccess - Recent research highlights a key factor in protecting long-term financial security: emergency savings. Those with at least three months' worth of emergency funds were significantly less likely to withdraw from their retirement savings early during the pandemic. This underscores the importance of building a robust emergency fund, not only to cover unexpected expenses but also to preserve retirement savings for their intended purpose. As job losses and economic disruptions continue to occur, having a safety net can make all the difference in avoiding tough financial decisions. It's a timely reminder: Are your emergency savings where they need to be? Let's prioritize financial resilience together. #EmergencySavings #FinancialSecurity #RetirementPlanning #COVID19Impact
COVID-19 job losses impacted early withdrawal from retirement accounts: Study phys.org -
2,551 followers
1mo Edited
As 2024 comes to a close, we want to extend a heartfelt thank you to our customers and their employees! Four years ago, we set out with a bold mission: to build the best emergency savings account and help every American establish an emergency fund for greater financial security. Today, we’re thrilled to celebrate the progress we’ve made together: ✅ 54,000 employees supported ✅ $71 million saved for emergencies ✅ 253,000 emergencies assisted We’re looking ahead to 2025 with big plans to expand our impact, and we can’t wait to see these numbers grow even further. #EmergencySavings #FinancialWellness #LookingAhead - Money experts consistently highlight the importance of building an emergency fund—and for good reason! Here are three key benefits: - Peace of Mind: Knowing you have savings set aside reduces financial stress and helps you handle life’s surprises without panic. - Preparedness for the Unexpected: Whether it's a medical bill, home repair, or job loss, having emergency savings means you're ready to cover unexpected expenses without taking on debt. - Avoiding Credit Card Dependency: Without a safety net, many people rely on credit cards for emergencies, leading to high-interest debt. An emergency fund helps you avoid this financial trap. Even if you start small, creating an emergency fund should be a top priority. Aiming for $1,000 is a great start, with a goal of eventually covering 3–6 months of expenses.#EmergencySavings #FinancialSecurity #DebtFree #MoneyManagement
Money Expert Rachel Cruze: 3 Key Reasons You Need To Prioritize Emergency Savings gobankingrates.com