With employers increasingly concerned over how better to prepare their employees for retirement — but also how to improve their financial day-to-day situations — consultant Mercer has become the latest company to announce it is offering a product for employers that aims to help with employees' financial literacy and overall financial health, or financial wellness.

Mercer Financial Wellness offers access to independent financial wellness providers' tools from a single online hub. The tools currently available include those from these companies:

  • Plaid, which provides tools to help individuals look at their financial accounts and gain insights into spending and monthly budgets.

  • Transamerica retirement counselors, who will provide individuals information about the choices associated with retirement savings, Social Security and IRAs.

  • Experian, which will offer credit score management and the ability for individuals to understand and take control of their FICO score.

  • Avant, which offers unsecured personal loans for qualified individuals facing cash-flow shortages or consumer debt.

  • CommonBond, which offers options for individuals to save money by refinancing their student loans.

Additional providers and services will be added, including one-on-one personal financial coaching services and access to investment accounts for non-qualified assets (those that are not eligible for tax-deferral benefits) run by robo-advisors, or algorithmically based automated investment software.

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