Wednesday, April 6th, 2022 A biweekly topical newsletter from PLANSPONSOR Financial Wellness A spotlight on employee financial needs, as well as trends and practices in employer financial wellness programs. SPONSORED AD Benefits Workplace Benefits Can Help Employees Navigate Student Debt Plan sponsors are using several options to help employees manage student loan debt. Data and Research CRS Considers How Retirement Plan Industry Can Help With Emergency Savings Lawmakers have also introduced a bill designed to help employees who have defined contribution plan accounts cover emergency expenses. Data and Research Financial Wellness Webinar Attendance Linked to Higher 401(k) Contributions The amount of the increase in contributions depends on employees’ age and initial contribution level, research from the Employee Benefit Research Institute found.    Benefits Plan Progress Webinar: How to Increase Employees’ Financial Wellness Robust financial wellness programming can distinguish an employer, serve as a retention tool, provide a competitive edge, and lower labor costs by bolstering employees’ retirement readiness. Benefits Lessons Learned From Public Employee Financial Wellness Programs Employers that were part of an initiative to start or improve their programs—using a wide variety of approaches—shared challenges, surprises, rewards and advice. Data and Research Employees Cite Several Reasons for Not Participating in Financial Wellness Programs A TIAA survey also found employees are more concerned about day-to-day finances than saving for retirement. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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