This edition of PLANSPONSOR Weekend is focused on financial wellness and participant education. As it is tax time, plan sponsors should remind participants about the Saver’s Credit, as a study found many do not know about it. Also, the recent market plunge is a good time for plan sponsors to remind participants about the fundamentals of investing for the long term. And, two different providers launched new financial wellness initiatives. Have a wonderful weekend!
At various stages of one’s life, priorities and challenges change. Retirement plan sponsors and advisers need to be aware of these challenges to help Baby Boomers, Millennials and Generation X overcome them so that they can save adequately for retirement.Read more >
Data from the Alight Solutions 401(k) Index already shows retirement plan participants are reacting poorly to this latest round of stock market volatility, with trading activity described by researchers as “exceptionally high” over recent days.Read more >
After its Financial Stress Survey found that 66% of respondents suffering moderate to extreme stress blamed it on their finances, John Hancock Retirement Plan Services created a new financial wellness tool to de-stress and engage plan participants.Read more >