In the six years since it was named the 2014 PLANSPONSOR Retirement Plan Team of the Year, the practice’s assets have grown five-fold to $25.6 billion.
Prudential survey finds employees were looking for financial advice and emergency assistance.
The company continues to add to its digital retirement and financial wellness tools.
The investment firm has also added personalized financial wellness digital capabilities.
Financial wellness programs are here to stay, and they are a big part of the employee benefits landscape of the future, says Craig Copeland, a senior research associate at EBRI.
The firm already offered a number of financial wellness solutions across its lines of business.
Financial wellness has taken on a new relevance in the midst of the COVID-19 pandemic. Experts share tips on how advisers can figure out how to offer access to best-in-breed programs to enrich overall benefits programs and participant outcomes.
Research finds that if this goal is met, advisers’ share of wallet increases.
A Voya survey also found that 54% of employed Americans plan to work in retirement as a result of COVID-19.
Employers can match up to 100% of employees’ contributions.
Heading into the coronavirus pandemic, employers were innovating and expanding their ancillary benefits for employees.
Called WellCents, it is designed for employers of all sizes.
By one estimate, allowing people to work longer could boost GDP by 19%.
It covers a wide range of topics, from budgeting to preparing for retirement.