Nuts and bolts
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.
Reported by Judy Ward
To access this premium content, please sign up for a free account!
You Might Also Like:
‘Retirement Fluency’ Not Evolving
Americans’ understanding of retirement-related topics has remained relatively flat since 2017, according to an annual study conducted by TIAA and...
NewRetirement, With $20M In Hand, Seeks Workplace Partners
A "turbotax" for retirement is leveraging recent funding to get deeper into the workplace financial wellness market.
Intellicents’ Budd On Financial Planning As the Next Workplace Benefit
Intellicents’ recently named retirement services president, Brandon Budd, says the firm is focused on low-cost, participant financial planning services as...