Wednesday, January 5th, 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. Benefits Addressing Employee Financial Wellness Needs in 2022 Their concerns have shifted, and some priorities have become more important during the pandemic, defining areas of focus for the coming year. Benefits Improving Equity in Financial Benefits Retirement plan design changes can help close some equity gaps, but plan sponsors should first address differences in overall financial health among their employee demographics. Data and Research Financial Goal-Setting a Main Focus For Individuals Heading Into 2022 Financial actions taken during the pandemic are sticking, and a resolution can turn into a goal that endures for the long term, surveys find. Data and Research Older Generations More Frequently Seeking Financial Wellness Help Research shows people of all ages are increasingly turning to financial planners and advisers for help with overall financial wellness as well as retirement planning. Data and Research Health Shocks Often Derail Financial Stability A new survey shows workers’ ability to maintain or regain financial control after a serious, unexpected health event appears difficult. Compliance Student Loan Repayment Freeze Extended Until May The Department of Education says the extension will allow the Biden administration time to assess the impacts of the Omicron coronavirus variant on student borrowers and provide borrowers with additional time to plan for the resumption of payments. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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