Employee Outcomes

Beneficiary of Unintended Consequence
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
Upon becoming eligible to participate in your organization’s retirement plan, participants are asked to select a contribution rate, their investments, and to indicate a beneficiary designation. It may seem obvious that designating a beneficiary would be a mandatory step of the enrollment process and for many plan providers, it is. What is often less obvious,  Read More →
Measuring Financial Wellness
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Establishing financial wellness metrics has become increasingly important over the past year. The COVID-19 pandemic has created economic hardships for many American families, depleting emergency funds for some, and forcing others to take on additional debt to cover necessary expenses. At work, the resulting stress can lead to increased absenteeism, decreased productivity, and greater health  Read More →
Generational Influences and Behavioral Finance
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understanding generational attitudes toward investing and the cognitive biases is critical toward helping employees prepare for their financial future. The inherent generational biases and attitudes could lead participants astray, so understanding these differences becomes key to helping employees of all ages improve their financial wellness and prepare for a secure and successful retirement. Boomers Baby  Read More →

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