The unemployment rate has remained below 4% for the last year or more, emphasizing the labor shortage that continues to be a pain point for organizations looking to fill open positions.1 Wanting to stand out from the competition, some employers are strengthening their benefits packages to include flexible work environments as well as better salaries and health benefits.
The skies are looking bright in the finance world. For financial professionals, the U.S. Bureau of Labor Statistics anticipates 13% employment growth between 2022 and 2032 — a figure that’s significantly faster than the average for all occupations.1
Many workers today have the opportunity to participate in an employer-sponsored 401(k) retirement plan. And employers continue to leverage these types of retirement benefits as major recruitment tools.
How prepared are employees for retirement, and are they aware of all the resources available to assist them with their planning?
These are some of the questions we sought to answer in our 2023 Retirement Participant Education Survey. Our biennial study is designed to help plan sponsors and financial professionals understand opportunities in educating employees on their unique personal financial education needs.
