Financial Wellness

We know most employees are not engaged in their 401(k) plans. This is partially attributable to other financial stress. As a business owner or member of a benefits committee, employee problems become your problems because financial stress can lower employee productivity and lead to possible stress-related issues including higher medical claims.

Most companies have a medical wellness program but we were surprised to find that no one within the 401(k) community, including your current target date fund, is efficiently addressing financial stress. So to fill the void in the market, we developed a program that does what traditional 401(k) plans won’t.

Call us at 844-492-0943 to find out more

Why Financial Wellness Coaching?

Behavioral finance studies show that the great majority of people will not act on their own but will make progress when contacted and invited to participate by a trusted source.

  1. Failure to execute a retirement plan means people are working longer. That can cost up to $50,000 per delayed retirement employee per year. That’s a problem because less than 20% of employees on track to retire on time with sufficient income replacement saved.
  2. It is estimated that 15% of productivity is lost to employee financial stress – which leads to higher health care costs, turnover, and workers comp claims.