Add value with financial wellness strategies
Retirement plan sponsors are increasingly focused on participant financial well-being. Add value to your service by expanding your financial health guidance.
Focus on financial health
Are you positioned to surpass client expectations by offering the financial wellness education they’re looking to offer participants? Six in ten employers say financial well-being has become more important in the past two years, and 59% of employers are very likely (and 33% are moderately likely) to expand financial well-being programs in 2017.1
Why improve participant financial health?
While some plan sponsors are focusing on financial wellness because they think it’s the right thing to do, they also recognize that personal financial issues can affect employee productivity and retirement plan engagement.
Reasons for expanding financial well-being programs2
"It's the right thing to do."
Increase employee engagement
Improve retirement plan outcomes
Decrease employees' time spent addressing financial issues at work
Offer a holistic wellness strategy
Financial health is becoming a more important part of a holistic strategy. Companies that say financial well-being is a pillar of a holistic well-being program that includes physical health increased from 25% in 2015 to 34% in 2017. At the same time, plan sponsors with a physical well-being initiative but no financial well-being strategy decreased from 38% in 2015 to 27% in 2017.3
How do plan sponsors integrate retirement planning with health/benefits decisions?4
Support plan sponsors
Help your clients take action on the issues that are important to them.
What percentage of plan sponsors are very likely or moderately likely to take these steps in 2017?5
Talk with your Lincoln representative to see how we can use our Everyday Matters financial wellness program to help meet plan sponsor financial wellness education needs.