RESEARCH |

2022
Participant Survey

The survey examines the attitudes and behaviors of American workers participating—or not—in an employer-sponsored retirement plan.

Reported by PLANSPONSOR | Art by Miriam Martincic
Participant Survey art by Miriam Martincic
Employer Benefits and Financial Wellness
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Employer Benefits and Financial Wellness

Household Current Financial Situation

Living "paycheck to paycheck"
43.4%
Credit card balances paid in full each month
40.7%
Formal budget for household spending
29.3%
Can cover a one-time unexpected $500 expense
31.9%
Home owner
42.9%
Paying off student debt/loans
15.6%
Rent an apartment/home
18.2%
Saving for college
15.6%

Employer Offering Financial Literacy/Wellness Program

  • Yes
  • No
  • Don't know / Unsure

Taken Advantage of Financial Literacy/Wellness Program

Reviewed digital/online content
54.6%
Attended employer-hosted training seminars
30.0%
Received one-on-one guidance from employer-provided financial expert
17.7%
No
21.1%

Helpfulness of Financial Literacy/Wellness Program in Improving Financial Status and Reducing Financial Stress

Extremely helpful
43.5%
Very helpful
37.3%
Somewhat helpful
15.2%
Slightly helpful
2.9%
Not at all helpful
1.1%

Preferred Communication Vehicles

Short brochure summarizing 3-5 actionable steps mailed to your home
15.1%
Participate in a 90-minute, instructor-led group seminar
13.6%
Review a periodic newsletter via email
14.7%
Browse an interactive, online library that allows for self-paced learning
14.9%
Meet one-on-one with a financial adviser for 30 minutes
28.9%
Listen to an informative 30-minute podcast
12.8%