view in browser | plansponsor.com
PLANSPONSOR BLINESs LOGO
week ending March 27th, 2020
Hello, PLANSPONSOR readers. We hope this day finds you and your families well. You can turn to our special page for the latest news about market volatility, business and benefits updates, and legislative and regulatory actions. During this difficult time, with more than $3 million people filing for unemployment this past week, it may seem counterintuitive to tell employees to save, but financial wellness education is as important now, if not more important, as ever. While many who will get a $1,200 stimulus check from the government will have no choice but to use it toward bills, advisers interviewed by MarketWatch suggest those who can should put money into emergency savings first, work to pay down credit card debt, invest or donate. Financial wellness providers are offering services for free, with SmartDollar the latest to announce so, and this edition of PLANSPONSOR Weekend includes informative articles to help you guide employees toward financial wellness during this crisis.
Editor's Choice
Wellness Strategies
The Employer Component
Sponsors have various options for contributing to employee wellness.
Wellness Strategies
Ready As It Goes
An emergency savings plan can give employees financial confidence.
Benefits
Evolving Your Financial Wellness Program in 2020
By including the right elements in a financial wellness program, employers can help employees squirrel away more emergency and retirement savings.
Benefits
Certain Employee Groups Are in Greater Need of Financial Help
Finding women, mid-career and low-income employees are the most at-risk, Greenspring Advisors suggests ways plan sponsors, providers and advisers should enhance the support and resources they offer.
Administration
Plan Sponsors Should Address Financial Squeeze Put on Gen X
Struggling with debt and budgeting, Gen Xers are in their prime earning years, they are getting close to retirement and they are taking care of both their children and their parents.
Products
FinFit Waives Fee on Financial Wellness Platform
FinFit’s financial wellness platform is available to employers for free through June 30.
Popular Reads
Data and Research
Near-Retirees Flummoxed by Social Security Benefits
Respondents to a survey by MassMutual revealed certain topics they have questions about.
Investing
In the Future, the Bias Will Likely Be for Annuities
For now, sources say there needs to be more education and a change of thought to help 401(k) plan sponsors and participants accept the income-generation value of annuities.
2020 Recordkeeping Survey
Investing
What to Know Before Adding an SDBA to Your Plan
Self-directed brokerage accounts offer a multitude of options to the hands-on investor, but there are pros and cons of allowing retirement plan participants to use them.
2021 Virtual HSA Conference
April 13 - 14, 2021 | Virtual Conference
Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850