Measuring Financial Wellness Program ROI Is Difficult
Ernst & Young says the best measure is employee engagement.
Tag: Education
Many Women Say They Cannot Afford to Save for Retirement
Forty-four percent of middle-income women say this, compared to 14% of men.
Consider New Strategies for Gen Z Retirement Savers
“Employers and their advisers stand to benefit from making it easy and convenient for these young adults to save and espouse constructive financial habits at a critical time...
Women Spending Fewer Years Married, Shifting Retirement Outlook
This means their financial health should be studied separately from men.
Non-401(k)-Savers Timid About Asking for Financial Help
Whether saving in a 401(k) or not, the majority of survey respondents say their investment confidence would grow dramatically with the help of a financial professional.
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Reconsidering the Status Quo
It takes more than automatic enrollment to valuably increase participation and engagement.
Editor’s Letter
Setting the Record Straight
The idea that people worked for one company their whole lives and then got a “fat” paycheck at the end...
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Rules of Engagement
Advisers need to go beyond automatically enrolling participants—to get them to take real interest in their retirement future.
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Older Americans Too Cautious?
Innovations in medicine and technology have extended human life by more than 30 years since 1900, which has helped to double the time the average adult now spends...
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Need for Retirement Income Education
Most older Americans know very little about annuities
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Focus on Financial Wellness Aids With Retention
Employers are seeing how the benefit helps their bottom line.
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Trendspotting Charts
A look at employees' latest concerns and what these mean to advisers.
Plan Design Can Help Participants Get the Full Company Match
Advisers can help retirement plan sponsors design their plans and financial wellness programs to get participants to defer enough to receive the company's matching contribution.
Educating Participants About the Dangers of Taking Out a 401(k) Loan
Tell them about how they are putting their retirement at a disadvantage, one expert recommends.
LGBTQ Americans Need Help With Retirement Savings and Finances
More than half (53%) said they are unsure where to go for financial advice, a MassMutual survey finds.
Only 55% Started Saving for Retirement Before Age 28
Among those participating in a 401(k) plan, 70% or more say company matches would be very motivating to save more.
Bank of America Merrill Lynch Finds Participants More Engaged in Plans
Robust plan design, education and the use of digital tools can increase employee engagement with their retirement plans, the firm's Plan Wellness Scorecard shows.
Never Being Able to Retire is Americans’ Biggest Financial Fear
That is followed by living paycheck to paycheck and never being able to climb out of debt.