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The Power of Plan Wellness

Feb 28, 2020

Key Takeaways

  • Expect the unexpected when planning your retirement.
  • Defined contribution plan sponsors need to balance participant outcomes and cost efficiency.
  • DC plan features can serve as levers to help encourage employee participation.

 

Financial wellness is top of mind for many defined contribution plan sponsors who recognize that having participants who are financially secure benefits both sponsors and participants. In fact, 82% of financial executives believe that their companies benefit from having workforces that are financially secure. There are several aspects of financial wellness, including the ability to manage day-to-day finances, protect against key financial risks, and achieve important financial goals.

 

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