Page 163 - DCAC May 2023 Files

Organize Implement Document Who is a fiduciary? Retirement Plan Fiduciaries are anyone who has responsibility for other people’s money and involved in exercising discretion. Who is generally not a fiduciary? Attorneys, Recordkeepers, Accountants, Actuaries, Brokers

Many employees believe they will need to use money set aside for retirement for expenses other than
Mental health impacts of financial stress cause employees to be less productive and present at work**
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*

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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