10:30 – 10:35 a.m. — Introduction
10:35 – 10:50 a.m. — Keynote: Policymaking Initiatives Around Financial Wellness
10:50 – 11:35 a.m. — 2021 Financial Wellness Survey: Employer Perspectives with Special Focus on Minorities and Financial Wellness
In its fourth year, EBRI’s Financial Wellness Survey: Employer Perspectives explores how employers are adapting their financial wellness solutions to their employees’ evolving needs—and their own new budgeting constraints. Learn how employers are gauging and measuring the success of their financial wellness initiatives. Also, this year, the survey was fielded with a special focus on how employers are evaluating and addressing the particular needs of their minority workers. Panelists will then explain what they are hearing from employers on the ground, and how they are helping employers better meet the needs of a diverse workforce.
11:35 – 11:45 a.m. — Break
11:45 – 12:15 p.m. — Measuring the Impact of Financial Wellbeing Initiatives: What Moves the Dial on Worker Behavior?
In this session, EBRI Research Director Jack VanDerhei will address how financial wellness initiatives impact workers’ financial wellbeing, based on EBRI’s new Financial Wellbeing Database. The first step in a series of explorations into moving the dial on employee financial wellbeing, the research uses empirical data to understand how 401(k) utilization changes when workers engage in one-on-one planning sessions or have access to scorecards, webinars, tools, and worksheets that address topics that include savings, credit, budgeting, health care in retirement, emergency funds, college savings, retirement income, and more.
12:15 – 12:25 p.m. — Break
12:25 – 1:05 p.m. — Financial Wellness and Engagement: Bridging the Disconnect Between What is Being Offered and How What Is Being Used
Employers are making more and more financial wellness initiatives available to workers—including emergency savings help, student loan debt assistance, and financial counseling and coaching. But are employees engaging with these efforts? And what are the best ways of helping them navigate and fully benefit from the financial wellness solutions that are available to them? In this session, we will hear from both employers offering the financial wellness solutions and an employee who has used them to learn what is working and what is not.
1:05 – 1:20 p.m. — Breakout Groups
1:20 – 1:30 p.m. — Readout and Wrap-Up