For a company with 50,000 employees, this could lead to a savings of $65 million to $97 million a year, Financial Finesse found.
Tag: financial wellness programs
Advisers and their plan sponsor clients will have access to financial planning technology and a hub of deployable assets, including a financial wellness assessment to identify top priorities.
Ten percent more employers than in 2016 that offer retirement programs are measuring the financial readiness of employees to retire, a survey found.
The importance of measuring return on investment and addressing participants’ short-term needs.
A look at consolidation, the role of recordkeepers and the importance of financial wellness programs.
Yet, nearly three-quarters (71%) of those responding to an EBRI survey who said debt was a major problem worried about finances at work.
The new offering, iGrad's Enrich financial platform, goes beyond investment and benefits planning to provide the foundational information and insights needed to help consumers not only improve financial literacy, but also sustain it over time.
The second whitepaper in a series says a successful financial wellness program helps employees achieve financial security by bridging short-term needs with long-term goals.
The solution will focus on behavioral change by providing personalized wellness plans, according to MetLife.
Robert Gibson, fiduciary consultant at Centurion Group, says there is pressure on advisers from plan sponsors about what they can offer participants, and the challenge is how the program will be paid for.