PLANSPONSOR Weekend Newsdash
Week ending April 26th, 2019
Retirement plan sponsors are seeing the relationship between employees being financially well and being able to save for retirement, and are taking up the cause of helping employees by offering financial wellness programs. But, aside from education about budgeting and credit card debt, among other things, financial wellness programs can include benefit offerings to help employees address current financial issues. Enjoy this edition of PLANSPONSOR Weekend, focused on financial wellness.
Editor's choice
Benefits
Successful Financial Wellness Programs Go Beyond Just Education
Top recordkeeper financial wellness programs provide tools that offer data visualizations, calls to action, dynamic modeling and follow-up options, according to Corporate Insight.Read more >
Administration
Actionable Steps Engage Employees in Financial Wellness Programs
Meredith Ryan Reid, with MetLife, says the human element is also really important.Read more >
Administration
Employees Rely on Employers for Financial Advice
Working with recordkeepers that offer financial wellness programs can help a market of plan participants underserved by individual retirement advisers.Read more >
Benefits
More Employers Embracing Student Loan Debt Programs
Nearly one-third of employers, 32.4%, offer or are planning to offer some student loan debt program, such as debt consolidation, refinancing or employer-paid subsidies, according to EBRI’s 2018 Financial Wellbeing Survey. Those employers that are focused on student loan debt are more than twice as likely than the typical survey respondent to have measured the financial well-being needs of their employees.Read more >
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