Did you know that 46% of workers spend three or more hours during the workweek dealing with or thinking about financial issues? And that 52% of workers are stressed about their finances?
Introducing the Employee Financial Wellness Program that makes sense (and dollars)
Financial wellness programs are an added value you can easily fold into your benefits package to help you stand out when recruiting or retaining employees.
While implementing larger 401(k) programs often require a big investment of time and money, PlanWell is designed for start-ups and small to mid-sized businesses to be efficient and cost-effective.
When you offer a financial wellness program, you’re able to equip your employees with the financial education tools that they need. On average, employees see a decrease in their stress, allowing them to be more engaged and fulfilled in and outside of their job.
Yes! We’ll be there to help every step of the way. You’ll notify your employees of the program by email and we’ll take it from there. McKay will provide all necessary materials to get your employees going and host an onsite enrollment session. We’ll handle scheduling each employee’s financial planning appointments, too.
Employees will each receive a Risk Tolerance Assessment, Initial Consultation, and an individually tailored Financial Plan. They’ll also get a monthly e-newsletter subscription and ongoing support from a dedicated McKay financial advisor throughout the financial planning process.
Of course. As the employer, you’ll receive a list of participating employees each month. We’ll also provide you with quarterly utilization reports detailing your company’s usage of the program.
Reach out to us! We’ll send you a Financial Planning Services Agreement to sign that details the ins and outs of PlanWell. Then, we’ll schedule a convenient time to come to your business for an on-site employee information and enrollment session.
Each month, you’ll receive a list of employees currently participating in PlanWell to review. We’ll make any changes needed. Then your company will be charged per enrolled employee via ACH transfer. It’s that easy!
The employee simply provides written notice to us 30 days prior to when they want to cancel. Depending on where he/she is in the financial planning process, your company may be responsible for a portion of the remaining costs. Please check the Financial Planning Services Agreement for all the cancellation details.
Your business won’t be responsible for any additional fees for that employee. Losing an employee is hard enough as it is.
Absolutely! Our fee for an on-site financial education session is $250 per hour.