Financial Wellness Initiatives: The Right Prescription for Health Care Employees' Retirement Security
Employees in the health care industry are laser-focused on delivering exceptional services. However, they may lack the tools and information necessary to develop an appropriately secure financial future for themselves and their families.
Recent trends in the health-care sector suggest that leading companies are introducing financial wellness initiatives to help employees achieve financial security and feel financially secure. This frees them to fully concentrate on health-care delivery—instead of worrying about their future retirement.
McDermott Will & Emery LLP and Plan Sponsor Advisors are pleased to present this complimentary webinar that helps health care organizations develop and implement financial wellness initiatives to better prepare employees for retirement security. The webinar is geared toward senior-level professional within hospitals, health systems and management boards, as well as management employees at health care companies that offer tax-qualified retirement plans.
The webinar will cover the following key topics:
Defining financial health and its importance
Designing an effective, defined contribution plan, as employers increasingly move away from traditional defined benefit pensions
Helping employees with investment risk shifting
Using behavioral finance concepts to drive better participant behavior
Designing the investment menu for improved participants outcomes
Viewing workforce composition issues holistically (e.g., younger versus older groups)
Todd A. Solomon, Partner, McDermott Will & Emery LLP