Latest / The Diversity Career Podcast with Fexingo: Inclusion, Equity, and Underrepresented Professionals
How One Company Made Its 401k Auto-Enroll Close the Wealth Gap
Episode 24 digs into a concrete case: how a mid-sized professional services firm redesigned its 401k plan to close the racial wealth gap. Hosts Lucas and Luna walk through the specific changes — automatic enrollment at 6% contribution, a 4% match, and removing the one-year waiting period — and how these nudges boosted participation among Black and Hispanic employees from 58% to 91% within 18 months. They also discuss the behavioral economics behind why defaults matter, the role of financial wellness coaching offered in Spanish, and why this approach could scale beyond one firm. No theory —…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.