Financial wellness program

/Tag: Financial wellness program

Failure to address financial stress concerns threatens retirement

Employers trying to do something to help their employees improve their financial wellness may be congratulating themselves on putting programs in place to deal with it—but the programs they’re using may not be doing much, if anything, to help employees ditch their financial stress and even threaten their preparations for retirement. According to PwC’s 8th annual Employee Financial Wellness Survey, financially

Financial Wellness Usage Tied to Improved Retirement Readiness

Employees who used their financial wellness program on a regular basis improved in all areas of financial planning, with the greatest level of improvement in retirement preparedness, according to a new, multi-year study. Financial Finesse’s 2018 Financial Wellness Year in Review highlighting the current state of financial wellness in the U.S. shows that in 2013,

Does Financial Wellness Actually Work? The Numbers Say …

Employees who used their financial wellness program regularly improved in all areas of financial planning, with the greatest level of improvement in retirement preparedness, according to a new study from Financial Finesse. In 2013, 21 percent of participants included in the study indicated they were prepared for retirement. By 2018, that number rose significantly to 57 percent.

Addressing Employees’ Financial Wellness Top Priority in 2019

In the past five years, defined contribution (DC) plan sponsors likely to add or expand financial wellbeing programs has expanded from 30% to 65%, according to Alight’s “2019 Top Topics in Retirement and Financial Wellbeing: Building on the Past, Working Toward the Future.” Sponsors’ No. 1 goal for their participants has moved from increasing savings