Hello, PLANSPONSOR readers! This week our focus is on financial wellness and participant education. An Ernst & Young report suggests employee engagement is the best measure of financial wellness program return on investment (ROI). Provider Edukate partners with HealthSpective to deliver an integrated financial and health wellness solution. MassMutual found Latinos are seeking financial education from employers, and Fidelity found employer stock benefits outside of 401(k)s can help employees with their financial wellness. Communications doesn’t stop when employees terminate employment; and some plan sponsors get creative with it. Enjoy this edition of PLANSPONSOR Weekend!
Financial wellness provider Edukate’s technology is now integrated into HealthSpective, the DHS Group’s health benefits management solution, to provide employers with actionable data about the state of their employees’ financial and physical health.Read more >
Employees say they use company stock acquired through their employee stock purchase plans (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 >
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed by the law firm Schlichter Bogard & Denton.