Retirement plans in a post-pandemic world - BenefitsPro
The economic shutdown as a result of the COVID-19 outbreak has drastically altered the retirement outlook and created many personal and financial challenges for some participants in company-sponsored retirement plans. With the stock market volatility and the drastically rising unemployment rates, it has created unexpected financial shocks for many Americans, but it has provided sponsors of financial wellness programs and retirement plan benefits an unexpected window into the workforces’ financial health and wellbeing. Through this window, employers gain the opportunity to adapt their strategy moving forward, provide path of employees to get back on track and provide tools to prevent future occurrences of financial strain such as those seen during the pandemic. In Joe DeBello article appearing on www.benefitspro.com, he writes how employers have an opportunity to adapt their retirement plan and financial wellness strategies in a post COVID-19 world. Read Mr. DeBello’s article here….
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