As any good advisor knows, a successful retirement plan requires more than a robust investment menu. Plan participation is essential, but also one of the biggest challenges.
Financial wellness education can increase participation, bolstering plan participants' chances of a successful, on-time retirement. In turn, this helps plan sponsors by reducing costs associated with retirement-age employees.
With American adults experiencing increased financial stress during the pandemic, plan sponsors and participants are especially interested in financial wellness benefits that can help reduce financial stress and prepare them for economic uncertainty.
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