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Financial wellness programs were greeted with great hopes when they first debuted. But is the prognosis for their long-term success starting to flag? Amid signs that such programs have not been as impactful as expected, our latest white paper takes a 360-degree look at three sets of stakeholders—plan sponsors, plan participants and retirement plan advisors—to construct a clearer picture of the state of financial wellness initiatives. Here’s a sneak peek!
The Employer View: Enthusiastic Adopters
Preparing employees for retirement is a high priority for plan sponsors. Indeed, 40% rank it as one of their top three priorities for the year. It’s no wonder then that employers embrace financial wellness programs with enthusiasm. Adoption rates among plan sponsors jumped from 16% in 2017 to 21% in 2018. And interest in offering a financial wellness program is strong, with over one-third of plan sponsors likely to consider implementing a program in the future. Continue reading