According to new data from Schwab Retirement Plan Services, attendance at educational classes for 401(k) plans and other financial topics hit record levels in 2022, with virtual live and on-demand sessions driving the most participation.
Participant attendance was up by 5.4% year-over-year, with virtual live meetings making up 65% of attendance.
"As remote and hybrid work arrangements become permanent realities for many, it's now easier for workers to integrate virtual education sessions into their schedules," said Marci Stewart, Director, Communication Consulting and Participant Education for Schwab Workplace Financial Services.
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