Hello, PLANSPONSOR readers! This is the second week of our themed weekend newsletters, and the focus is on Financial Wellness & Participant communications. In addition to our Most Popular articles among readers this week, you will find insights into best practices for offering financial wellness programs and for communicating with participants. Enjoy this edition of PLANSPONSOR Weekend!
Homing in on the term “financial wellness,” a Day Two panel at the PLANSPONSOR National Conference, in Washington, D.C., discussed well-rounded programs and how plan sponsors can offer holistic materials and value to participants—beyond just education.
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The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.