After the year we’ve had, it’s no wonder there is so much more concern about financial wellness. But while plan sponsors are well-intentioned in their efforts to help participants increase their retirement savings and other financial outcomes, the latter haven’t noticed.
The TIAA-CREF Retirement Insights Survey, published in December 2020, reported that 82% of employers have upped their focus on employee health and safety, 69% have been more strongly emphasizing financial wellness for employees, and 60% have been focusing on retirement preparedness.
