Balancing Act
A Digital Divide
Bank of America Launches New Lifestyle Spending Account Benefit Program
The goal of the new program is to allow plan sponsors to use savings incentives to promote healthy habits and overall employee wellbeing.
AIG Wellness Check Links Retirement to Personal Financial Goals
The interactive financial assessment can help individuals develop a personal plan for their financial goals, retirement among them.
Research Finds Positive Retirement Savings Behavior After Financial Wellness Webinars
401(k) plan participants of different age and contribution rate cohorts had differing responses to attending the webinars, an issue brief from the Employee Benefit Research Institute says.
Fintech and Retirement Savings
Modes of Persuasion
How to Get Participants More Engaged in Financial Wellness Programs
Access via several means is key, as is meeting people where they are.
How to Help Sponsors Measure the Success of Their Financial Wellness Programs
It should start with determining sponsors’ concrete goals and can then move to usage metrics.
ROI-Positive Financial Wellness Programs Motivate Specific Actions
Education on its own is simply not enough.
To Succeed, Financial Wellness Programs Need Personal Touch
Financial stress is on the rise in all generations, indicating that financial wellness programs are missing the mark, according to PwC. A new survey report from the firm suggests many employers have simply relabeled existing resources as "financial wellness programs."
Financial Wellness Programs Make a Marked Difference in Retirement Preparedness
Over the course of five years, the percentage of those who feel they are prepared for retirement more than doubled.
In 2013, Workers Removed $69 Billion from Retirement Savings
Withdrawals from IRAs accounted for most of the leakage, according to the GAO.
Financial Wellness Programs Present an Opportunity for Recordkeepers
Most retirement plan participants rely on their workplace for financial advice.
Financial Wellness Badly Needed
Cigna Adds Group Insurance Customers to Financial Wellness Program
Among others, services include a 30-minute complimentary legal consultation with a licensed practicing attorney; discounts on tax planning and preparation services; and a "money coaching" feature.
Principal Launches New Financial Wellness Program
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
Vast Majority of Intermediaries Expect Financial Wellness Programs to Expand
Eighty-four percent of intermediaries expect sales of financial wellness programs will expand in the next three to five years, Prudential found.
Using ‘Value of Investment’ to Measure Financial Wellness Programs
A subset of return on investment, VOI is more nuanced, MetLife says.
Responsive Design Enhances Financial Wellness Programs
To improve engagement with financial wellness programs, companies are employing new tools based in behavioral science and powered by responsive technology.