More than 156 million full-time workers in the U.S. spend most of their daily waking hours in the workplace. The importance of this statistic does not come as a surprise to anyone, as over half of all employers in the United States have some type of employee wellbeing or health-promoting program to ensure they are addressing the work-life needs of current and prospective employees.
The uptick in interest for client financial wellbeing programs has grown exponentially over the last couple of years. We’re so fortunate to work with forward-thinking client groups looking for help bringing this important pillar of the wellbeing spectrum to the foreground.
Update: The decade-long court case on whether Edison International’s financial advisors and investment committee breached their fiduciary duties to retirement plan participants came to an end Wednesday when the U.S. District Court for the Central District of California ruled that the firm breached its fiduciary obligations by not switching participants to lower-fee institutional mutual fund shares.
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