Although the financial wellness of employees has emerged as a top priority for employers in recent years, too many workers are still struggling to improve their financial health.
According to the MassMutual Workplace Financial Wellness Study released in December, eight out of 10 retirement plan sponsors believe their employees have financial difficulties, and 67% of sponsors are concerned about their workers’ financial readiness for retirement. The survey also revealed that 46% of plan sponsors are worried because they feel worker participation in their sponsored plans isn’t as high as they would like.
