A financial wellness blog by the experts at Enrich
42 percent of companies offer some kind of financial wellness benefit, with another 38 percent currently starting a program or planning to start a program. However, only about one-third of companies with financial wellness programs measure their success.
Continue ReadingHalf of employers offer HSAs as part of their benefits package, but 69 percent of employees are not clear on the benefits or uses of the HSA. A new course on the Enrich Financial Wellness Platform teaches employees how to get the most out of their HSA.
Continue ReadingFinancial wellness is a result of a series of decisions and behaviors that increase financial health while reducing financial stress. Due to the ongoing nature, employers should plan a 12-month promotional plan to engage employees on timely topics ...
Continue Reading20% of American workers who are above retirement age are still working; a number that has doubled since 1985. Due to a lack of financial wellness, employees are not taking advantage of 401k plans, accumulate too much debt, and are not saving early for...
Continue ReadingA new survey shows that employee financial stress has doubled since the start of the COVID-19 pandemic. With savings depleted and credit card debt increasing, employees want more financial benefits to help with their stress levels. In addition, the ...
Continue ReadingThe 2020 PWC Employee Financial Wellness Survey discovered 3 key components of financial wellness: financial stress, emergency savings, and retirement savings. A holistic financial wellness program not only promotes these 3 components, but also boosts ...
Continue ReadingThe Virginia Retirement System’s myVRS financial wellness platform powered by Enrich™ took first place in the financial wellness category among public plans with more than 5,000 participants at the annual Eddy Awards sponsored by Pensions & Investments.
Continue ReadingFranklin Templeton has partnered with San Diego-based financial education company iGrad to develop MyFi Guide™, a financial wellness digital platform designed for financial professionals to share with defined contribution plan sponsors and participants.
Continue ReadingFinancial wellness, like physical and mental wellness, is essential to overall health. Research is narrowing in on a holistic approach to financial education as the most effective.
Continue ReadingMany companies are beginning to provide their employees with a wide variety of benefits that will help them with improving their overall health and mental well-being. By doing so, employees become more productive in the workplace.
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