A financial wellness blog by the experts at Enrich

three women sitting at a table with computers talking about financial wellness
25
Nov

How to Increase Employee Retention and Recruiting With Financial Wellness

There was a time when offering a decent salary, a 401(k), and a health insurance policy was enough to attract and retain high-quality workers. Times have changed, however, and one of the most popular benefits today is the financial wellness program.

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4 characters with thought bubbles containing dollar signs with text reading "Enrich, Wellable Employee Financial Wellness Survey"
13
Nov

2020 Employee Financial Wellness Report Finds Employees Nearing Retirement Age and Younger Millennials are Struggling Most

The financial wellness of U.S. employees is precarious—especially among millennials and those nearing retirement age, according to the new 2020 Employee Financial Wellness Report by iGrad and Wellable.

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hand holding up money 100 hundred dollar bills bank notes
28
Oct

Can Employee Financial Wellness Be Funded With ERISA?

The decision to help employees become financially educated and secure is an easy one to make. The challenge is determining how to pay for the added benefit. One way is through the Employee Retirement Income Security Act of 1974 (ERISA).

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selective focus photography of people working on finances on their laptop computers
14
Oct

6 Reasons Why Employees Aren’t Using Your Financial Wellness Program

Many companies find that their employees do not use their financial wellness program or do not use it consistently. If this is happening within your business, here are six things to consider.

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looking over the shoulder of an employee using financial wellness app on his iPad
5
Sep

How to Create an Employee Financial Wellness Survey

Financial wellness programs are becoming mainstream among employers in many industries. In order to find the right program, you need to understand what your employees need and want, as well as when they most want the information.

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couple in sunset talking about retirement
12
Aug

How to Improve Employee 401(k) Participation Rate

Employees are more likely to participate (in 401(K)s) if they understand the benefits of doing so. Financial wellness education can teach employees the importance of participating, which can be emphasized by employer communication.

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Raised hands under the words In Lieu of Raises, Send Benefits
13
Apr

In Lieu of Raises, Send Benefits

Hartford Funds releases a comprehensive report detailing the overwhelming need for financial literacy in the workplace. With stress increasing and incomes decreasing the stress of the daily worker is heightened. Financial literacy offers solutions.

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Stressed Baby Boomer
20
Mar

Boom! Goes Retirement

Half the population of the workforce is composed of the Baby Boomers. The median income of a Baby Boomer workplace colleague is around $70,000. They face fluctuating health care and reforms, volatile interest rates, mountainous debt and an evasive endgame

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401K mistakes enrich financial wellness
1
Sep

Four 401k Investing Mistakes to Avoid

Unfortunately, investing missteps are all too common in 401(k) accounts, due in part to a lack of education surrounding how the accounts work and the investment options made available through each plan provider. Investment blunders often lead to dismal...

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retirement plan contributions
17
Aug

3 Reasons to Make After-Tax Contributions to Your Retirement Plan

Individuals under age 50 have the ability to save up to $18,000 in elective pre-tax deferrals within an employer-sponsored plan, while individuals over age 50 can set aside up to $24,000 each year. Although that may seem like a substantial amount, high ea

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Recent Posts
In Lieu of Raises, Send Benefits
4/13/2017 10:00:00 AM
Boom! Goes Retirement
3/20/2017 11:00:00 AM
What is Holistic Financial Wellness?
10/21/2015 9:48:52 AM