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- Title
Amping Up DC Participant Outcomes Through Financial Wellness Initiatives.
- Authors
Lucas, Lori
- Abstract
Financial stress is widespread and results in distracted and less productive employees. Meanwhile, plan sponsors speculate about the extent to which defined contribution (DC) plan automatic contribution and escalation features create savings that are maintained until retirement or are offset by greater debt elsewhere. This article explores how financial wellness initiatives and automatic features may interact in DC plans and the potential for financial wellness initiatives to boost participants in plans with auto features.
- Subjects
DEFINED contribution pension plans; EMPLOYEE benefits; RETIREMENT planning; RETIREMENT benefits; FINANCIAL security
- Publication
Benefits Quarterly, 2015, Vol 31, Issue 2, p20
- ISSN
8756-1263
- Publication type
Article