How can employers help their people with their broader financial needs?

May 19, 2017

 

Alight Solutions recently polled companies to ask which employee financial behaviors were most important to address through their defined contribution plans. Here's what they told us:

28%

Encouraging higher contribution rates

25%

Addressing broad financial wellbeing

16%

Recognizing retirement readiness

15%

Increasing participation

7%

Improving diversification

6%

Minimizing leakage

2%

Encouraging lifetime income

1%

Discouraging cash-outs

 

 

Clearly, employers are increasingly seeing the importance of helping their people focus on saving for retirement and helping with some of the other financial issues employees face that can get in the way of improved financial well-being.

 

To benchmark your offerings against those of other companies, download 2017 Hot Topics in Retirement and Financial Wellbeing.

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