Financial Education Archives - Word on Benefits

Financial Stress Takes a Toll on Workers: How Employers Can Help

Cara McMullin

02 Apr 202502 Apr 2025

Financial Challenges Like Emergency Expenses and Basic Living Costs Impact Worker Performance April 2 is National Employee Benefits Day, celebrated annually to recognize those working in employee benefits and the important role they play in their colleagues’ well-being. The 2025 theme is […]

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The Real Savings of Financial Wellness

Ashton DeMoss

17 Mar 202517 Mar 2025

According to Forbes, over 60% of employees report being stressed due to their financial situation. This stress can negatively affect both physical and mental health and even personal relationships, including those with colleagues. However, when financial stress is reduced, employees report being […]

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Empowering Women by Supporting Their Well-Being at Work

Ashton DeMoss

07 Mar 202507 Mar 2025

While much work has been done to break down systemic barriers and biases for women both personally and professionally, these issues still exist. In fact, research collected by the World Economic Forum highlights that, at the current rate of progress, it will take until […]

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Implementing a Practical Financial Wellness Program

Anne Newhouse, CEBS

14 Nov 202414 Nov 2024

The global workforce is rapidly changing due to a complex combination of trends, including an aging population, an increased reliance on technology, changes in customer and individual preferences, and flexible work opportunities, to name just a few. These global changes are also […]

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Educating DC Plan Participants for the Long Hike to Retirement

Kathy Bergstrom, CEBS

16 Apr 202416 Apr 2024

Many years ago, I visited Grand Canyon National Park with my mom and aunt. It was unseasonably hot, but I wanted to walk down into the canyon on the Bright Angel Trail. My companions were not up for the hike, so I […]

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Student Loan Repayment and Financial Wellness Benefits: What’s New?

Anne Newhouse, CEBS

19 Mar 202426 Mar 2024

Student loan repayment has been more top-of-mind in recent weeks with President Biden’s announcement on February 21, 2024. The Department of Education emailed 153,000 borrowers that student loans were being discharged for those enrolled in the Saving on a Valuable Education (SAVE) […]

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The Dangers of Credit Illiteracy: Three Takeaways for Employees and Organizations

Amanda Wilke, CEBS

09 Nov 202309 Nov 2023

Forty-five percent of employees find their debt level overwhelming. It is always on their mind, weighing them down, creating mental and physical health implications. Much of the struggle comes from employees not understanding how credit and debt work together. Credit is the […]

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Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0

Jenny Gartman, CEBS

31 Aug 202331 Aug 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […]

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Student Loan Repayment Benefits: What Are The Options Now?

Jenny Gartman, CEBS

22 Aug 202322 Aug 2023

With the federal student loan relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (loan paydown) or 401(k)/403(b) matching under the SECURE Act 2.0 of 2022. Federal student loan payments resume in […]

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Decumulation Challenges and Solutions for Plan Members: Three Takeaways

Amanda Wilke, CEBS

29 Jun 202329 Jun 2023

Decumulation, the concept of income for life, can be considered “the nastiest, hardest problem in finance,” according to William Sharpe, a Nobel prize winner in Economics. The concept is challenging because the uncertainty of someone’s lifespan makes it difficult to know what […]