June news

Driving ‘Sticky’ Savings Behaviors with GXO’s New Emergency Savings Benefit

Our latest Commonwealth case study from BlackRock’s Emergency Savings Initiative highlights outcomes from logistics company GXO’s rollout of a new emergency savings benefit. We worked with GXO to develop tactics to reach its large national workforce and make it simple to build emergency savings by integrating with payroll. In the first year since payroll integration was introduced at GXO, 98% of employees who started making payroll deductions for emergency savings were continuing.

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Intentional Employee Benefits That Support Retirement Savings for Workers Living on Low-to-Moderate Incomes

Our latest report explores six intentional workplace benefits that support retirement savings and improve financial wellness for workers living on low-to-moderate incomes. From student debt/retirement matches to 529 plans and more—these tools can help employers demonstrate their commitment to the financial health of their employees and see positive business results at the same time.

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Advancing Climate Resilience and Economic Security in the Current Context

Commonwealth and Asset Funders Network recently collaborated on a joint piece detailing how philanthropy can be a catalyst for cross-sector collaboration that addresses the financial shocks of climate change for workers with LMI and supports their needs. By bringing high-impact stakeholders together—the business sector, communities, and local government— grantmakers can ensure readiness and foster innovation that reduces financial impacts and advances other solutions. We invite you to learn more about how we can address climate change and financial security.

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How much impact can $1K have?

Under the SECURE 2.0 Act, employees can withdraw up to $1,000 annually from their 401(k) for emergencies, with no 10% penalty. How plan sponsors communicate this matters. In a webinar held on June 10, 2025, we shared new insights from Commonwealth, BlackRock’s Emergency Savings Initiative, Compass Financial Partners, a Marsh & McLennan Agency LLC Company, and Voya Financial to explore how emergency savings options, including this new provision, can support diverse employee needs and improve retirement engagement.

Learn more about:

Impacts of SECURE 2.0’s $1K withdrawal provision on retirement plan engagement
RPA and Recordkeeper's points of view on the implementation and impact of emergency savings benefits
Tangible action steps for attendees to consider adopting a proactive provision promotion approach for their teams

Watch the Webinar