The percentage of associates participating in Humana’s 401(k) retirement plan is at an all-time high, and 64.6% are maximizing Humana’s match, surpassing the goal. Our results also indicate that the number of associates on track with retirement goals has doubled in the past year, making our community better prepared for different economic conditions that come up. When one’s financial picture has some stability to rely on during trying times, there’s less worry and more peace in day-to-day life.
When scared or wondering how to move forward, Humana is there to help with my security.
Feelings of certainty are influenced by the actions taken to care for oneself. For example, associate participation in financial education programs remained steady, while there’s a decline in engagement with our WOW! Working on Well-being® Account, Humana’s reward program for the well-being dimensions of Purpose, Belonging and Security. Plus, associate perception of security isn’t as strong as before, according to the Well-being Index. Not surprisingly, there’s a connection in the data: associates who participate in financial education and WOW report having a significantly higher sense of security.
Dreams really do come true as long as you’re willing to work for them.
With a secure foundation, we’re more free to create the life we love.
Humana offers many benefits and resources to assist associates with financial savings and retirement. About two thirds of associates are getting the most out of Humana’s 401(k) employer match. Humana partners with Schwab Advice Services and Enrich so that associates have relevant knowledge and sound guidance for their financial security now and in the future. And because financial security goes hand in hand with well-being, associates can earn Go365 Bucks through their WOW Account.
Retirement & Financial Engagement
|Maximizing 401(k) Match||64.6%||60%|
|Financial Program Education Participation||50.0%||54%|
A sense of security is a basic need that provides optimism about the future. The Well-being Index breaks Security into three parts – Financial, Personal Safety and Environmental Safety. While all three show our community trending away from goal, the changes in Personal Safety and Environmental are statistically not significant. Still, as the world continues to change and uncertainty abounds, there’s prime opportunity for everyone to feel like they can handle whatever life throws at them.
Humana Well-being Index
|Humana Well-being Index: Security||3.60||3.82|