84% of companies say they are important to the business.
Money worries negatively impact employee productivity, health, and well-being in the workplace. Because of this, employers of all sizes are prioritizing the rollout of new or expanded financial wellness programs.
This infographic shows the current state of financial wellness programs including:
The biggest barriers,
Employers are also exploring implementing financial wellness benefits to attract and retain talent—such as student loan repayment. Many employers weren't aware of a recent IRS ruling which opens the door for employers to use 401(k) plans to assist employees with student loans.