The Business Credit Literacy Initiative (BCLI), a 501(c)(3) non-profit organization, is a member of the Money Smart Alliance developed by the FDIC. As part of its contribution to assisting small businesses, BCLI provides a free, grant-funded financial literacy program for eligible small employers (those without a retirement plan for their employees) and community groups.
The no-cost, innovative program incorporates small group education and individualized coaching:
Small businesses without a retirement plan including on-site financial literacy education are at a distinct disadvantage in attracting and retaining talent (employees). This plus the fact that employees' financial stressors impact productivity, absenteeism, and morale are strong reasons to adopt this offering that doesn't create any cost, reporting, nor liabilities t0 the employer.