Employer Benefits

Employee Retirement Preparation and Human Resources Assistance

Questions about pensions, financial planning, budgeting and retirement are causing a flurry of questions in many Human Resource Departments. For example, an aging workforce of baby-boomers counting on many years of investing in the stock market and lack of growth in 401(k) accounts and mutual funds has created concerns about whether they are financially prepared to retire. By establishing a relationship as a Select Employer Group (SEG) with RCU, we will be able to help your organization, and its employees, with those very concerns.

Reduced Benefit Costs

Human Resource executives are experiencing a tough time offering cost-effective and meaningful employee rewards programs during a time when health care costs continue to rise and employer contributions to under-funded pensions shrink even more. While many corporations are asking employees to do more with less and offering few, if any, pay increases, they are also asking employees to contribute a greater percentage toward their own medical insurance coverage. In addition, convenience benefits (developed to attract and retain talent) offered by many corporations in the 1990s are disappearing.

RCU's Select Employer Group partnership can help by providing a variety of FREE services to your employees; BALANCE Financial Fitness counciling services, group Health Savings Account programs, financial planning consultations with a certified financial planner and on-site seminars and workshops on topics such as Budgeting, Financial Planning, First Time Home Buyer and many, many more.

Fewer Financially Stressed Employees

When employees worry about their financial matters, they carry those direct costs to their employer. According to a Virginia Tech Study, "Personal Finances and Worker Productivity," an employee who is stressed about money matters costs employers an average of $400 annually. This is primarily due to work time wasted and absenteeism. This same study states that 15% of employees are so worried about financial matters that productivity is negatively impacted. By partnering with RCU, we can assist your organization by helping your employees feel less stressed about their financial matters.

A Convenient and No-Hassle Partnership

By establishing a SEG relationship with RCU, your company will be offered the following benefits:

• Financial planning services provided by Certified Financial Advisors
• Budget & debt management couciling services through BALANCE Financial Fitness
• Ability to refer employee financial planning & budgeting questions to a reliable and trusted Credit Union
• Improved employee benefits programs at no cost
• Assistance with employee relocation loans
• Increased use of employer sponsored 401(k) plans
• Special rewards programs & promotions specifically designed for your employees
• Free on-site educational seminars & workshops 
• A way to show your employees that you care about their financial well-being
• A promising relationship with the North Bay's #1 Credit Union!

• Optional:
• Employer Retirement Plans (401(k), 403(b), Simplified Pension Plans, etc.)
• Business Services Accounts (Savings, Checking, Insurance, Payroll Services, Merchant Services, etc.)
• Group Health Savings Account programs for organizations with high-deductable medical insurance plans