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green stylized EKG wave over collage of money (Photo: Shutterstock)

With COVID-19 still a top employer concern, protecting workers’ health and wellbeing naturally comes first. But the pandemic’s impact isn’t limited to only physical and mental health: Financial wellness is also ailing. The crisis has exacerbated the problem, but it’s not exactly a sudden occurrence.

Participant confidence in their financial outlook has been relatively low for years. More recently, financial challenges from the COVID-19 crisis has made the situation for many even more uncertain. That’s why plan sponsors—and employers in general—now have an opportunity to connect with employees on financial topics that span more than just retirement planning.

 

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