DoubleNet Pay Blog

What is the real cost of a 401k loan?

What is the real cost of a 401k loan?

Why are 401k loans getting so much attention? 401k loans have bec in the last few years, and for good reason. According to a Federal Reserve Study, 40 cents of every dollar contributed to retirement plans is used for non-retirement purposes.  An employee in a tough...

Take the Drudge out of the Budget Process

Take the Drudge out of the Budget Process

Financial Wellness and the Challenge of Keeping a Budget: Starting and Maintaining a Budget is a Challenge for Many Employees. We start off with the best intentions, but then life gets in the way. We may forget one week to balance the budget. As each day goes by, more...

Financial Wellness and the Optimal Path

Financial Wellness and the Optimal Path

Why should you care about holistic financial wellness? Siloed savings creates participant risk. This is a story about Pat and his optimal path to financial wellness.  Pat is in his 30’s and has been saving in his 401(k) plan for the last 7 years.  One day, Pat comes...

The Debt Repayment Impact on Financial Wellness

The Debt Repayment Impact on Financial Wellness

How ready are your employees for retirement? As we all know, holiday bills can significantly decrease financial wellness, and the latest stats are in. According to Magnify Money, Americans increased their debt by an average of $1,003.00, up 1.7% since last year. And:...

Give Employees the Gift of Financial Well-being

Give Employees the Gift of Financial Well-being

Help Your Team Handle Holiday Debt Employee Financial Well-being is The Best Gift of All! Are you handing out bonuses, gift cards and other, financial goodies this year? If so, your employees may appreciate your kind offer more than you know. After all, research by...