Happy Friday, PLANSPONSOR readers! In this week’s edition, we highlight financial wellness and participant education. A Security Benefit study found Millennial teachers are searching for education about investing, while a report from Ascensus deems younger savers as the generation most likely to meet their retirement goals. A high number of employers are measuring financial readiness with their employees, and at the same time another set of plan sponsors is evaluating how questions of longevity tie to participant education. A Hearts & Wallets study analyzes why participants ignore education when facing daunting financial obstacles. All this and more in this week’s issue of PLANSPONSOR Weekend.
In addition, to help employees reduce their debt stress and maximize their retirement plan savings, more employers are developing financial wellbeing initiatives, Arthur J. Gallagher & Co. found.Read more >
A study found the top financial tasks individuals need help with include choosing when to retire, choosing appropriate investments and developing a strategy to withdraw from multiple accounts.Read more >