For these young employees that feel overwhelmed by finances or don’t know where to start, employers should consider working with a benefits provider to offer them the option to connect with a financial advisor or coach for personalized financial guidance.
Benefits professionals are uniquely positioned to help business owners plan for likely scenarios based on the specific needs and financial health of their business.
The intersection of rising costs, the hybrid workplace, and heightened employee expectations is reshaping the way employers think about health care benefits; but this presents an opportunity for brokers to get creative with what they offer their clients.
The average percentage of assets compared to total liabilities has held steady in the 71% to 79% range over the past five years, according to the National Conference of Public Employee Retirement Systems.