How employers can help workers relieve financial burdens

Retirement. That’s a heavy (and oftentimes scary) word for many, regardless of age. Why would you think of retirement now if you were getting started in your career journey? How do you choose my level of risk in financial markets? How much can you even contribute to a retirement plan with my day-to-day living expenses? How much do youreally need to retire? And will you ever be able to? The subject poses a wealth of other questions … but you get the point.

Your individual financial literacy doesn’t require a MBA. In some instances, you should leave it to the experts for guidance.

Ragan Wellness caught up with one such expert, Ron Ulrich, vice president of product consulting and compliance at ADP Retirement Services, ahead of his session at Ragan’s Workplace Wellness Conference.

Ulrich highlights the company’s focus on employee experience for its 401(k) plan sponsors and plan participants, pointing to the ADP Achieve program that is designed to help employees “prepare for life’s financial challenges, improve financial literacy, and put them on the road to financial wellness.” The program uses a multi-touch, personalized experience to deliver individual financial benchmarks, relevant messaging and personalized guidance.