Workplace plan sponsors are increasingly doing more than just overseeing 401(k) accounts. New research from Fidelity shows that many are evolving into full-service financial planning resources for employees — a shift advisors say could have significant implications for the broader wealth management industry. The survey of 1,144 plan sponsors found their primary concern is whether their plan is adequately equipping participants for financial security in retirement. In addressing this concern, plan advisors ...

A bigger paycheck helps, but it's not the only perk employees are asking for.  Workers also want help managing money in the near term — things like emergency-savings support, debt help and practical tools they can use, according to the Bank of America's 2025 Workplace Benefits Report. Back in 2023, only about 13% of employees said they wanted their company to help with near-term needs like emergency savings or paying down debt, according to the report. Now it's 26%. Don't Miss: Employees Want Practical ...

A recent survey [1] found that a staggering 93% of U.S. workers think employers should provide financial wellness programs. That number doesn’t just reflect a majority — it’s near-universal agreement. Must Read Financial wellness programs are workplace benefits meant to help employees save smarter, manage money better and ease financial stress. Think retirement plans, student loan repayment assistance, life and disability insurance, or even access to budgeting tools and financial education. In today’s e ...