|
|
|
Week ending December 8th, 2017 |
|
Hello, PLANSPONSOR readers! This week our focus is on financial wellness and participant education. Nathan Voris, with Schwab Retirement Plan Services, shares how to create an engagement strategy that addresses those employees who feel they can’t save for retirement, and George Lambert, with LearnVest, discusses what to look for in a financial wellness program provider. Surveys find that retirement plan communications are going digital, employees with employee stock purchase plans (ESPPs) are using these plans to help with financial wellness, and workers’ financial stress costs employers with 10,000 workers $3.3 million a year in lost productivity. Enjoy this edition of PLANSPONSOR Weekend! |
|
|
|
|
|
|
| Industry Voices | | When Creating a 401(k) Engagement Strategy, Don’t Forget Those Outside the Plan | | Many current 401(k) engagement strategies ignore those employees who would like to save in a 401(k) but feel as though they can’t, suggests Nathan Voris, managing director, business strategy, Schwab Retirement Plan Services.Read more > | | | Administration | | Retirement Plan Communications and Planning Going Digital | | Employer-sponsored retirement plan providers are increasing digital offerings, but participants may need prompting to use these tools.Read more > | | | Data and Research | | Company Stock Outside of 401(k) Can Help With Financial Wellness | | Employees say they use company stock acquired through their employee stock purchase plan (ESPP) to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.Read more > | | | Data and Research | | Financial Wellness Programs Critical to Avoid Lost Productivity | | PwC says there is a great need for financial wellness programs, as 53% of employees feel financially stressed, and this costs employers with 10,000 workers $3.3 million a year in lost productivity.Read more > | | | Video | | What to Look for in a Financial Wellness Provider | | George Lambert, with Learnvest, discusses what to look for in a financial wellness provider.Read more > |
|
 |
|
|
|
|
