FinFit Report Reveals Significant Impact on Employee Financial Wellness in Enterprise Companies
VIRGINIA BEACH, Va., March 4, 2025 /PRNewswire/ -- FinFit, the leading financial wellness platform, today released findings from its latest member feedback survey, highlighting the profound impact of its solutions on employees' financial well-being. The survey, conducted among employees at enterprise organizations with more than 50,000 employees—including six Fortune 500 companies—demonstrates a measurable reduction in financial stress and an increase in financial stability. These findings reinforce the value of FinFit's offerings for HR and benefits leaders seeking to support their workforce.
Transforming Financial Health for Employees
The survey, which gathered insights from more than 540 employees across FinFit's enterprise client base (totaling over 1,000,000 workers), revealed a significant decline in financial stress among participants after using the FinFit platform. Employees who reported experiencing extreme financial stress saw a 60% reduction after engaging with FinFit's tools and resources.
In addition to lowering financial stress, the report highlighted improvements across several key financial wellness indicators:
- 48% improvement in number of employees experiencing anxiety or depression related to financial concerns.
- 35% reduction in number of employees living paycheck to paycheck.
- 58% increase in number of employees who feel confident about where to turn for financial guidance.
- 175% growth in number of employees who now have emergency savings, reducing their reliance on high-cost borrowing.
These results underscore FinFit's role in equipping employees with the knowledge and resources to take control of their finances, ultimately fostering long-term financial resilience.
Reducing Harmful Financial Coping Strategies
Beyond improving financial health, the survey results illustrate how FinFit helps employees avoid financially harmful alternatives. Employees who engaged with FinFit were significantly less likely to rely on:
- Borrowing money from friends or family, a top financial stressor for many.
- Taking out 401(k) loans or hardship withdrawals, which can derail long-term savings goals.
- Delaying bill payments, a common trigger for late fees and further financial strain.
One employee shared, "FinFit has lifted a burden off my chest. I'm able to focus on other things versus worrying about a bill that I could not afford."
Strengthening Employer-Employee Relationships
The survey also revealed that FinFit's financial wellness resources contribute to a stronger sense of trust and engagement between employees and their employers.
- 90% of employees consider FinFit a valuable benefit.
- 75% feel their employer truly cares about their well-being because they provide access to FinFit.
- 66% of employees are more likely to stay with their employer due to the financial wellness support offered through FinFit.
"Our mission is to improve the financial health of every employee, and these results validate the work we're doing to bridge the opportunity gap," said Michael Woodhead, Chief Commercial Officer at FinFit. "By reducing financial stress and offering a safety net, we're helping employers build trust, boost productivity, and retain top talent."
A Proactive Approach to Financial Wellness
FinFit's SafetyNet platform is the only financial wellness solution that proactively integrates credit and savings to support employees in moving from financial insecurity to stability. The platform provides three key benefits:
With its innovative approach, FinFit continues to drive meaningful change in employee financial wellness, empowering individuals to take control of their financial futures while strengthening the employer-employee relationship.
Download the full report at FinFit.com
1. Loans are made by Celtic Bank, a Utah-Chartered Industrial Bank. Loans subject to credit approval. |
About FinFit: FinFit's mission is to provide a financial safety net for the American workforce. Established in 2008, FinFit serves over 50,000 US employers, reaching over 12 million workers. The platform includes a personalized financial assessment, premier educational resources, online money management tools, financial coaching, credit and loan solutions, and a member rewards program. Focus on creating positive, healthy financial behaviors and products to support behavioral change has proven to reduce financial stress and increase employee retention by more than 25%.
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