401k plan sponsors feel a growing sense of responsibility for participants’ financial wellness, “and are more intent than ever on enhancing their plans to improve retirement outcomes for their participants. ”It’s the good news to come from a new data released by J.P. Morgan Asset Management, signaling an uptick in awareness of the importance of financial wellness, as least with plan sponsors.
“Plan sponsors and their organizations are transitioning from a traditional view of their DC plans—for example, as a way to attract and retain employees—to a sharper focus on achieving the ultimate retirement outcome: helping as many employees as possible reach a financially secure retirement,” Catherine Peterson, Managing Director, Global Head of Insights Programs, said in a statement.
Read more at: https://401kspecialistmag.com/employers-feel-worker-financial-wellness/
