The employer reviews the details of the program. Once they are in agreement with Millennium Trust to adopt the program, an agreement is signed.
The median cost of an American household’s most expensive “financial shock” is $2,000.1 How confident are most individuals that they could comfortably cover the cost of a car breakdown or unexpected medical emergency?
Dipping into a retirement account for any of these rainy day emergencies could have serious consequences for retirement savings. In fact, withdrawing just $5,000 at the age of 35 could cost $30,000 from the account's balance at retirement age.2Get Connected
1 The Pew Charitable Trusts, 2015.
2 U.S. Government Accountability Office, 2009.
Experts recommend having liquid savings equivalent of three to six months of basic living expenses – but every bit helps. A Millennium Trust Emergency Savings Fund allows participants to save for the unexpected easily and automatically each pay period, no matter the amount.Read Article
Millennium Trust works with you to position emergency savings funds as an essential, streamlined workplace benefit, while taking care of the recordkeeping, administration and reporting. We provide:
More about our emergency savings fund program:
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