PLANSPONSOR: Giving Employees the Financial Wellness Help They Want
A Franklin Templeton survey found that while workers today place nearly equal importance on mental (81%), physical (80%) and financial (76%) health, they feel least in control of their financial health (55%) as compared to physical (62%) and mental (58%) health.
PLANADVISER: Participant Insights: Misperceptions About 401(k) Plans Abound
Retirement plan sponsors have to conquer a great number of fiduciary and plan design basics when setting up a plan, but they might not think about the many misconceptions that participants have about retirement plans and retirement saving—which could be an impediment.
BenefitsPro: Financial Literacy Month about how employers can use financial wellness coaching to improve employee financial literacy
April is Financial Literacy Month. As the COVID-19 pandemic continues to impact our lives, many Americans are facing issues they couldn’t have imagined mere months ago. What began as a public health threat quickly transformed into something much larger, not only impacting our physical well-being, but also our financial well-being. The pandemic really shined a spotlight on the financial insecurity of many American’s.
Financial Fitness for Life (FF4L) Leadership: ‘Our Solution Empowers Employees to Take Control of their Financial Lives’
The Silicon Review “Our technology platform allows us to determine an employee’s risk tolerance, whether they are on track for retirement, and their level of lifetime income.” It is no secret that financial stress has a significant impact on mental health,...
Expect More Usage of Managed Accounts
Christian Mango, president of Financial Fitness for Life, a financial wellness consulting firm that works with recordkeepers, plan advisers and plan sponsor clients, has noticed a steady increase in interest in managed accounts over the past year.
BenefitsPro | What’s on your menu? How to choose a financial wellness solution
Financial wellness solutions have rapidly become popular with employers, who typically look to the retirement plan advisor to help choose a solution from an increasingly crowded landscape. While many financial services companies claim to offer a solution, some offer little more than platitudes, sleep-inducing content, and some online calculators. How can retirement plan advisors make an informed choice?
FINANCIAL FITNESS FOR LIFE NAMED “COMPANY OF THE YEAR – 2020”
Financial Fitness for Life has been recognized as one among the elite group of companies that are featured in the 2020 Financial Wellness edition of HR Tech Outlook magazine. “We are glad to announce Financial Fitness for Life as the company of the year – 2020 and one...
BenefitsPro | The role of retirement plan advisors in the post-Covid new normal
As we explored in parts one and two, COVID-19 has fundamentally changed the relationship between employer and employee. Employers are looking for help in meeting employee needs and are increasingly turning towards financial wellness solutions to solve that need across health, wealth, and broader benefits.