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| Data and Research |
| Employees Want Financial Education and Employers Are Stepping Up |
| According to employers, the number one financial challenge facing employees is credit card and other debt (reported by 70% of employers). The International Foundation of Employee Benefit Plans’ “Financial Education for Today’s Workforce: 2018 Survey Results” reportsays 63% of employers currently provide financial education for their workforce, and an additional 19% are considering such education for the future.Read more > |
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| Products |
| WebMD Gets Into Financial Wellness Market |
| A new solution helps employees become better educated about their financial challenges through personalized skill building and action plans that reduce money-related stress and motivate change.Read more > |
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| Data and Research |
| Employees Overestimate Knowledge About HSAs |
| According to Bank of America Merrill Lynch’s 2018 Workplace Benefits Report, health care costs are a huge blind spot for employees when it comes to increasing financial wellness. The newly published report suggests that employees understand most of the inputs that directly affect their financial wellness, and yet the majority ignore one of the biggest factors when they are setting long-term goals and savings priorities—health care costs. In fact, just 7% of employees surveyed identified health care as “an important building block of financial wellness.”Read more > |
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| Administration |
| Taking View of Employee Helps With Wellness Program Engagement |
| In a webcast sponsored by Benz Communications, the firm’s Engagement Strategist Megan Yost offered tips to better engage individuals in financial and health wellness.Read more > |
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| Data and Research |
| Millennials Need Urging to Invest in the Market |
| Ryan Bailey, head of the Retail Banking Group, Bank of the West, offers tips for plan sponsors to help educate Millennials about the importance of investing.Read more > |
