Financial wellness

Employee financial stress can often be overlooked by the C-suite. Yet, some industry experts say it can have a major impact on the company’s productivity and profitability. Financial education should be considered a pivotal component of any employer’s wellness program.

Workplace benefit plans are key part of employees’ future financial success but the majority of employers don’t think their employees value the benefits that are offered.

While a majority of both public and private employees have access to retirement plans, new research points to major differences in the number of those who actually participate.

U.S. working adults who seek the help of an adviser are more likely to describe themselves as savers and have less debt than those without an adviser.

More and more employers are looking to ensure the retirement readiness and financial wellbeing of their employees, as financial stress has shown to make a significant impact on both the physical well-being of employees and their workplace productivity.

Fee disclosure rules may have helped bring 401(k) fees down, but plan sponsors can still do more to ensure they – and their employees – aren’t paying too much.

Commentary: Many safe harbor IRAs don’t live up to their name and could leave sponsors with unexpected fiduciary liability.

Many believe the DOL has gone about its fiduciary rule-making in the wrong way and fear the rules, as proposed, will do more harm than good.

Higher PBGC premiums and a volatile market are catalysts for risk management in DB plans.

Increasingly, employers are expanding wellness programs to include financial guidance. But do these programs go far enough?

Women over the age of 65 are twice as likely as men to live in poverty in retirement because of lower wages, more time spent out of the workforce and lack of access to retirement savings plans.

President Obama this week asked the Department of Labor to propose a set of rules by the end of the year that would provide a clear path forward for states to create retirement savings programs.

As the baby boom generation approaches retirement, employers will need to ask themselves what role a highly experienced, part-time workforce can play in their organization.

As the White House kicks off its Conference on Aging this week, one financial services vendor is launching a new education program for its plan sponsor clients focused on creating greater awareness of the nation’s aging population.

It’s no surprise that health care costs are continuing to rise and while employers remain committed to providing benefits, many are re-evaluating their benefit strategies.

Failure to identify all retirement plan fiduciaries is just one common mistake employers make that can lead to trouble.

There are more ways for defined contribution plan participants to gain access to professional investment management than by defaulting them into target-date funds or using a separately managed account.

Women more likely than men to take advantage of workplace financial wellness programs, yet still experience more financial stress than men.

Commentary: The term ‘fiduciary’ is often hard to define and can be interpreted in many ways, so it begs the question: How can plan sponsors best fulfill their fiduciary responsibilities in the context of a mandatory distribution program?

The majority of investors still believe in the American dream but many workers do not have a written financial plan to help them achieve their retirement goals.