Page 162 - DCAC May 2023 Files

who has responsibility for other people’s
Attorneys, Recordkeepers, Accountants,
Retirement Plan Fiduciaries are anyone
Who is generally not a fiduciary?
money and involved in exercising
Implement
Who is a fiduciary?
Document
Actuaries, Brokers
Organize
discretion.
Mental health impacts of financial stress cause employees to be less productive and present at work**
Many employees believe they will need to use money set aside for retirement for expenses other than
Financial wellness is defined as the overall financial health of an individual considering a wide variety of
Employees who are stressed about their finances are twice as likely to be looking for a new job**
Planning for Life Events (home purchase, new child, college savings, etc.)
potentially impacting their retirement readiness*
4
Fiduciary Topics & Trends Financial Wellness What is Financial Wellness? financial topics including: Retirement Readiness 1. Debt Management 2. Emergency Savings 3. Budgeting 4. Estate Planning 5. Insurance 6. 7. Holistic Financial Planning 8. Wealth Management 9. Why is It Important to Employers? 1. retirement – 2. 3. *PwC 2019 Employee Financial Wellness Survey **PwC 2022 Employee Financia