Data and Research | February 6th, 2024 Employees ‘Just Getting By’ and Stressed About Retirement, Emergency Savings A new SoFi at Work survey finds that employees are increasingly stressed about paying off debt and the rising cost...
Products | February 5th, 2024 Vanguard Targets ‘Max Savers’ With New Financial Wellness Tool The firm’s Retirement Savings Maximizer provides recommendations for how participants can save to the IRS 402(g) limit in their defined...
Benefits | January 25th, 2024 Plan Sponsors Consider ROI Crucial to Financial Wellness Success Representatives from Delta and Amazon discussed the benefits that best serve their unique employee populations at the EBRI-Milken Retirement Symposium.
Benefits | January 10th, 2024 FinFit Launches SafetyNet Platform to Facilitate Emergency, Retirement Savings The new offering aims to build emergency savings, emergency credit and loan repayment assistance for vulnerable workers.
Benefits | November 15th, 2023 Financial Wellness Programs Necessary, but Not Sufficient to Eliminate Racial Wealth Gap While there is no silver bullet to end racial wealth disparity, employers can use financial wellness programs to narrow the...
Benefits | October 12th, 2023 PLANSPONSOR Roadmap: The Financial Security Journey Experts recommended maintaining regular outreach and measuring success as ways to champion a financial wellness plan.
Compliance | October 10th, 2023 Retirement Industry Calls On SEC to Withdraw Proposal on AI, Conflicts of Interest The proposal would limit the availability of educational and retirement readiness tools for participants, commenters say.
Compliance | September 21st, 2023 Democrats Introduce Bill to Protect Social Security Benefits From Student Loan Garnishment Student loan payments are set to restart in October, and some collecting Social Security could soon see their benefits garnished.
Products | September 18th, 2023 Capital Group Enhances ICanRetire Platform to Better Serve Hispanic Participants By providing Spanish translations and culturally relevant content, ICanRetire aims to help Hispanic participants save more for retirement.
Benefits | September 1st, 2023 How Plan Sponsors Are Working to Close the Gender Savings Gap With women still lagging in retirement savings, plan sponsors are making changes across retirement, health care and financial wellness to...
Benefits | August 24th, 2023 Delta’s Emergency Savings Program Shows Retirement Security Dividends Airline employees enrolled in an emergency savings program have also increased their 401(k) contributions.
Data and Research | August 8th, 2023 Hardship Withdrawals Rose 36% Year-Over-Year in Q2 Bank of America participant analysis shows more employees prioritizing short-term expenses over long-term saving.
Deals and People | July 19th, 2023 Financial Finesse Invests in OfColor to Empower Employees of Color The financial wellness platforms aim to address the ‘soaring rates of financial stress among employees of color’ with this partnership.
Compliance | July 3rd, 2023 What Comes Next for Student Loan Borrowers? There is some good news for the financial wellness of debtors too.
Benefits | May 30th, 2023 Employers Plan to Cut Back on Benefits Amid Recession Fears 25% of HR leaders said they are cutting back on employee financial benefits to prepare for a recession, a Morgan...
Benefits | May 23rd, 2023 Major Savings Barriers Include Benefits Language, Financial Stress Unclear communication from plan sponsors too often gets in the way of participants fully understanding the benefits available to them.
Data and Research | April 11th, 2023 Few Workers Expect to Reach Retirement Savings Goals Millennial and older workers expect it will take greater than $1 million saved in a workplace retirement plan to retire...
Deals and People | April 5th, 2023 Financial Wellness Platforms FinFit, Salary Finance Announce Merger The two companies will operate under the FinFit brand to provide wellness benefits to a wider range of employers.
Benefits | April 3rd, 2023 Improving Financial Wellness Starts With Understanding Participants Many plan sponsors are building financial wellness programs with an eye on addressing benefits equity for their workforce.
Benefits | April 3rd, 2023 Measuring the Impact of Financial Wellness Programs It is challenging for plan sponsors to measure the effectiveness of financial wellness programs, but new approaches are being developed.