23 Jun

Posted at 22:43h in Financial Wellness

Neighborhood Trust Financial Partners and WorkMoney are partnering to bring TrustPlus financial coaching to millions of hardworking families across the country.     As a national nonprofit, WorkMoney helps its more than 8 million members find and use the information, benefits, and tools available to them, putting money back in their pockets. WorkMoney is now expanding its offerings to include a vital new resource to help its members build credit and work toward their major financial goals: free, one-on-one financial coaching through TrustPlus, Neighborhood Trust’s solution designed specifically for workers. As a nonprofit social enterprise, TrustPlus provides guidance that is free, confidential, and unbiased,...

31 Jan

Posted at 21:05h in Emergency Savings, Financial Wellness

Research from Commonwealth and BlackRock’s Emergency Savings Initiative finds that adding emergency savings to retirement savings via an in-plan, after-tax account helps individuals save for emergencies and encourages participation in retirement savings.     Offering “in-plan” emergency savings accounts can boost retirement plan participation rates. Not to mention retirement savings nor profits, productivity, and impact, retention, recruiting, and wellness. Emergency savings is having a moment at workplaces nationwide. According to the seventh annual Employee Benefit Research Institute (EBRI) Financial Wellbeing Employer Survey: “While $1,000 penalty-free withdrawals from retirement accounts — allowed through recently passed legislation — was the emergency savings benefit offered the least (21 percent), it...

23 Dec

Posted at 21:15h in Employee Wellness Benefits, Financial Wellness

66% of U.S. workers prioritize financial wellness benefits, yet only 23% of employers prioritize financial wellness as an aspect of their well-being benefits. Looking to strengthen your financial wellness benefits in 2025 to align with workers’ priorities? Here are five things you and your workers should know going into the new year.     U.S. workers prioritize financial wellness benefits, according to the 2024 Global Benefits Attitudes Survey from Willis Towers Watson, 66% of them. Yet only 23% of employers prioritize financial wellness as an aspect of their well-being benefits. Financial wellness beats out all other well-being subcategories, from supportive company culture, and mental, emotional,...