December 24th, 2018

Editor’s Note: In the past several years, the retirement industry has recognized that employees who do not have all their financial ducks in a row have a difficult time saving for retirement. Financial wellness programs and creative benefit ideas are gaining interest as a way to solve this problem. This edition of PLANSPONSOR NewsDash is focused on some of these ideas.

Benefits & Administration Voluntary Benefits Can Be Part of Overall Financial Wellness Strategy Many types of benefits offer financial protection and peace of mind for employees, speakers from Mercer explained in a webcast.Read more > Voluntary Benefits Increasingly Offered to Help Employees With Financial Issues Education benefits that address rising student loan debts and parents saving for children’s future college cost are financial well-being benefits that are gaining traction.Read more > Helping Employees Build Emergency Savings The term “sidecar savings accounts” has been introduced into the retirement industry’s lexicon, and new legislation has been introduced to allow employers to auto enroll employees into them.Read more > Employees Would Value Employer-Sponsored Emergency Savings Program The “Saving at Work for a Rainy Day” report indicated that seven in ten employees would likely participate in an employer-based rainy-day savings program.Read more > HDHP Enrollees More Engaged With Their Health Plan They also have many characteristics equated with greater financial stability than those not in a high-deductible health plan (HDHP).Read more > MOST READ ARTICLES