Driving Financial Wellness at Work

Personal financial challenges like credit card debt, the cost of education, and saving for retirement have a meaningful impact on overall employee performance. This stress can lead to employee absenteeism, lost productivity, and health issues. In fact, according to research from the International Foundation of Employee Benefit Plans, almost half of U.S. workers struggle with navigating their finances, and more than two in five employers report an increased demand for financial education from employees—a trend likely continue for the foreseeable future. Despite their popularity, many plan sponsors are still struggling with several obstacles around offering a wellness program, such as lack of time, resources, and budget. In this webinar we will review:

• What exactly is financial wellness?

• How have financial wellness programs evolved over recent years?

• What are the main ingredients of an effective financial wellness program today?

• How can employee financial wellness be measured?

Frank Pyles, CAPTRUST   

Frank joined CAPTRUST in 2020 as a Vice President and Retirement Plan Consultant charged with providing advisory services to retirement plan sponsors, institutional investors, endowments, and foundations. His expertise includes advising plan sponsors on investment oversight, compliance fulfillment, fiduciary best-practices, and plan governance. Prior to joining CAPTRUST, Frank spent more than fifteen years with Vanguard, where he held the position of Regional Director for Defined Contribution Retirement Solutions. In that role, Frank worked closely with hundreds of plan sponsors, resulting in over $6 billion in new investment assets, during his tenure. Before joining Vanguard, Frank was a financial advisor at Edward Jones Investments in Phoenix. Frank has over 20 years of experience in the financial industry.