Motivating Savings with Financial Wellness and Plan Design
March 20th, 2018 by Jonathan Leidy
On average, 42% of Americans make money-related resolutions at the beginning of each year. However, in less than 6 months, half of the “once dedicated” abandon their goals.[1] But, as we all know, it takes longer than 6 months to reach a meaningful retirement savings objective.
So, how can you, as a plan sponsor, sustain that resolution momentum so that your employees continue to save for retirement? In this article we will discuss holistic ways to promote financial wellness among your employees as well as plan design tips aimed at increasing participation and savings rates. Read the rest of this entry »
