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Financial Wellness Differentiators
Financial wellness is the latest frontier of participant education. According to the 2023 PLANSPONSOR Industry Benchmarking report, 77% of plan sponsors offer some sort of financial wellness program. Participants are taking notice too: Of respondents to the 2022 PLANSPONSOR Participant Survey, 43.5% said financial literacy/wellness programs were extremely helpful in improving their economic status and reducing financial stress.