U-Haul Offers Its Team Life-Changing Financial Wellness Benefit
NASHVILLE, Tenn .– (BUSINESS WIRE) – U-Haul® International gives its team members the ability to take control of their personal finances by offering the SmartDollar® from Ramsey Solutions as a financial wellness benefit.
The industry leader in do-it-yourself moving and self-storage implemented the program in 2020. New data shows that full-time and part-time team members at SmartDollar have achieved a financial turnaround of $ 2.9 million in debt and saved money.
“During the pandemic, our team has grown to serve our customers across North America and we are more committed than ever to investing in their health and wellbeing,” said Angie De Winter, Financial Wellness Manager at U-Haul . “Our team members tell us this program is helping to ease their families’ financial stress, which is great to hear.”
The members of the U-Haul team who participate in SmartDollar get access to a proven plan and tools that will help change their behavior with money over the long term. In a study of the impact of SmartDollar at U-Haul, the data shows the program makes a difference because the team members enrolled in the program:
Increased contributions to their personal retirement savings, on average, 70% more than those not enrolled in SmartDollar.
Have deposited almost twice as much into their 401 (k) savings accounts as those not enrolled in SmartDollar.
Increased their Roth 401 (k) contribution percentages more than 3.5 times that of those not enrolled on SmartDollar, reflecting a significantly increased awareness of the Roth 401 (k) investment option.
“We are very excited to be working with U-Haul and helping their team win with their money,” said Sara Kidwell, vice president of SmartDollar. “After the past 18 months, it is no longer possible to ignore the personal financial crisis that millions of American workers are experiencing. U-Haul has given its team more hope for the future by providing them with SmartDollar. ”
Visit smartdollar.com/roi-impact to learn more. To find a career at U-Haul, visit uhauljobs.com.
SmartDollar is a financial wellness program for Ramsey Solutions and Dave Ramsey employees that helps break the paycheck-to-paycheck cycle of life. Employees learn how to stay on budget, get out of debt, save for emergencies, and retire with confidence with a proven plan available anytime, anywhere. SmartDollar’s mission is to help employees change their behavior towards money and, in turn, use their greatest asset building tool, their income, to stop the endless debt cycle and instead save and invest their money. Learn more at smartdollar.com/roi-impact
Since 1945, U-Haul has been the home improvement of choice with a network of more than 23,000 locations in all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 provides secure access to U-Haul trucks hourly every day via the customer shipping option on their smartphones and our proprietary Live Verify technology. The patronage of our customers has resulted in the U-Haul fleet growing to approx. 176,000 trucks, 126,000 trailers and 46,000 tractor units. U-Haul offers nearly 825,000 rentable storage units and 71.6 million square feet of self-storage in owned and managed facilities across North America. U-Haul is the largest propane retailer in the United States and continues to be the largest installer of permanent towbars in the automotive aftermarket. U-Haul has repeatedly been named a Best for Vets Leading Employer and was recently named one of the 15 Healthiest Workplaces in America. Visit uhaul.com for more information.