September 03, 2026 Financial Wellness Benefit ROI Calculator | Financial Finesse
ROI Calculator | 2026
Financial Wellness Benefits
Employer ROI Calculator
Estimate the potential annual cost savings of a financial wellness benefit across seven cost categories, based on your organization’s size, income profile, and workforce characteristics.
First PrizeSOA Call for Essays
Financial Wellness
Think Tank™
01Your Organization
Enter your organization’s data below. All figures are used only in your browser to calculate an estimate and are not transmitted or stored anywhere.
Enter either an annual salary or an hourly rate, and select which one applies.
Share of your workforce approaching retirement age.
Defaults to 11.4%, estimated per the source model’s own method (40 ÷ 3.5 years BLS median private-sector employee tenure). Replace with your organization’s actual rate if known.
Includes EAP counseling, therapy or teletherapy programs, and other employer-sponsored mental health support. See methodology below.
02Estimated Annual Savings
Total Estimated Annual ROI
$0
Illustrative projection based on the inputs provided and the improvement assumptions described in Section 3.
These figures are illustrative projections modeled from third-party research and Financial Finesse program data. Actual results depend on program design, employee engagement, and organizational context. They are not a guarantee of savings.
Click the button, or press Ctrl+P (Windows) / Cmd+P (Mac), then choose “Save as PDF” as the destination. Some browser security settings block the button; the keyboard shortcut always works.
03Sources & Methodology▾
This calculator models seven cost-saving categories associated with financial wellness benefits: wage garnishment processing, FSA/HSA administration, absenteeism, healthcare cost trend, delayed retirement, turnover, and mental health-related costs. Garnishment, FSA/HSA, and healthcare savings scale with employee count using fixed per-employee benchmarks; the remaining categories also incorporate the income, retirement, quit rate, and mental health usage figures provided above.
How we define “mental health-related costs” In this calculator, mental health-related costs refer specifically to lost productivity and missed workdays linked to unaddressed stress, anxiety, depression, and other psychological distress. The $5,000-per-employee benchmark comes from a national study of the general working population, not Financial Finesse client data.
Why this doesn’t double-count savings: Healthcare spending and turnover costs linked to mental health are already captured in the Healthcare Cost Trend and Turnover categories above, using separate benchmarks. This category is limited to the lost-workday/productivity impact only, so it does not re-count savings claimed elsewhere in the model.
Because most employers can’t measure how many employees are experiencing psychological distress, this calculator uses utilization of mental health benefits (EAP counseling, therapy or teletherapy programs, mental health apps, etc.) as a practical stand-in for that population. Employees who use these benefits are a subset of everyone who could be struggling, so this approach is intentionally conservative — it is more likely to understate potential savings than overstate them.
1.Delayed retirement cost basis. Financial Finesse Think Tank internal analysis.Proprietary Research
2.Turnover cost benchmark. “More Than You Think: The Cost of Employee Turnover,” GrowthForce.
3.Mental health cost benchmark. National Safety Council and NORC at the University of Chicago, “Mental Health Cost Calculator” (2021), based on 2015–2018 National Survey on Drug Use and Health data; as reported in “Mental distress costs employers $5,000 per worker each year,” Business Insurance.
4.Wage garnishment, FSA/HSA, and healthcare cost trend figures are internal Financial Finesse Think Tank estimates. No external source is cited for these three categories in the underlying model.
5.Default annual turnover rate (11.4%) is estimated as 40 ÷ median private-sector employee tenure, per the source model’s own guidance, using U.S. Bureau of Labor Statistics Employee Tenure data (3.5 years, January 2024, the most recent available release).
6.Mental health definition and workplace context. Center for Workplace Mental Health, American Psychiatric Association Foundation.
7.This calculator is built on the model presented in Gregory Ward, “Calculating ROI: Measuring the Benefits of Workplace Financial Wellness,” which won First Prize among the essays submitted to the Society of Actuaries’ Call for Essays.
Making the Most of Open Enrollment
September 01, 2026 Making the Most of Open Enrollment | Financial Finesse
White Paper | 2026
For Financial Finesse Clients
Making the Most of Open Enrollment
A look at the value already being created for employees during open enrollment, and where the opportunity goes further.
Financial Wellness
Think Tank™
Stay Up-to-Date with the Latest Think Tank™ ResearchSubscribe
Overview
Executive Summary
Open enrollment, the window each year when employees make their benefits selections, gives employees more reason to engage with their benefits than any other point in the year, and Financial Finesse’s Financial Wellness Think Tank™ data shows they respond accordingly. Webcast attendance climbs sixfold, coaching calls nearly seven times, and use of its online financial wellness hub more than doubles, all compared with the rest of the year.1 For clients already offering Financial Finesse, that surge is a genuine opportunity: many of the employees showing up during open enrollment are engaging with the benefit for the first time, and the guidance they receive measurably eases the financial stress that so often accompanies benefits decisions.
This report explores how that opportunity takes shape in practice: the scale of engagement already underway, the value employees find in the program whether they attend a webcast or work directly with a coach, and the added reach that on-site delivery offers for employees who are not sitting at a desk.
6x
rise in webcast attendance during open enrollment vs. the rest of the year
6.8x
rise in employees calling a financial coach during open enrollment
2.5x
rise in online financial wellness hub usage during open enrollment
01 — Meeting Employees Where They Are
The Case for On-Site Delivery
Webcasts and coaching cover most of the workforce, but not every employee sits at a computer during the day. Two client examples illustrate the value of extending the benefit on-site, through both individual and group sessions.
Distribution Centers
2.2x
A large healthcare employer sent coaches to lead open enrollment workshops in person at its distribution centers. Engagement was 2.2 times higher than with online-only delivery.1
Targeted On-Site Coaching
3.5x
A separate company targeted its open enrollment efforts on locations experiencing significant benefits changes. Coaching utilization at those locations was 3.5 times higher during open enrollment than during the rest of the year.1
On-site delivery, whether in one-on-one sessions or group workshops, extends the reach of open enrollment communication to employees who are less likely to engage through a screen. On-site coaching is worth considering for groups that are particularly difficult to engage online, or that are experiencing a significant change to their benefits.
02 — The Opportunity
Engagement Already Exists
What makes this surge valuable is that it is not a one-time fluke. It repeats every year across the client base, which means clients can plan around it with confidence. Employees do not simply need to be reminded that Financial Finesse exists during open enrollment; they actively seek it out, whether that means logging into the online hub, attending a webcast, or picking up the phone to talk with a coach. Clients that lean into that existing momentum, promoting the program more heavily during this window rather than spreading communication evenly across the year, are working with employee behavior rather than against it.
03 — The On-Ramp
A Great Opportunity to Reach New Users
Open enrollment does more than intensify engagement among employees already familiar with Financial Finesse. It also draws a disproportionate share of employees who are engaging with the benefit for the first time. Thirty-three percent of employees who attend an open enrollment-focused webcast are engaging with the financial wellness benefit for the first time, compared with 22 percent for webcasts on other topics throughout the year, roughly one and a half times the rate.1 Open enrollment, in other words, is a great opportunity to reach employees who might not otherwise engage with their benefit at all.
33%
of OE webcast attendees are engaging with the benefit for the first time
22%
first-time engagement rate for webcasts on other topics, year-round
For many employees, that first touch does not end there. Thirty-two percent of employees who first engaged with Financial Finesse through an open enrollment webcast have already re-engaged with the benefit in less than a year, through another webcast, a coaching session, or the online hub, and likely more as the rest of that year plays out.1 For a meaningful share of the workforce, open enrollment is the reason they started using a benefit that might otherwise have gone untouched.
32%
of first-time OE webcast attendees have already re-engaged with the benefit in less than a year
04 — Strong Results
Employees Leave Prepared and Satisfied
Whether an employee attends a webcast or works directly with a coach, the response is strong.
96%
of OE webcast attendees say they feel better prepared to make a financial decision1
98%
of OE webcast attendees say Financial Finesse is an important part of their benefits package1
That satisfaction carries through into the numbers Financial Finesse tracks for loyalty: open enrollment webcasts carry a net promoter score of 87, and individual coaching sessions booked during open enrollment carry a net promoter score of 94.1 For context, a Net Promoter Score is generally considered good above 20 and excellent above 70 on the standard scale used across industries.2 Financial services firms see a typical median score of 60 and an excellent score starting around 78.3 Both of the scores Financial Finesse sees during open enrollment sit well above those thresholds.
87
net promoter score for open enrollment webcasts
94
net promoter score for individual coaching sessions during open enrollment
05 — The Human Impact
Reduced Financial Stress
The value of open enrollment engagement extends beyond usage figures. Employees who attend an open enrollment benefits event report a measurable decline in financial stress. Financial Finesse’s Financial Wellness Think Tank™ data shows a 40 percent net decrease in the number of employees reporting overwhelming or high financial stress after attending an open enrollment event, alongside a 36 percent net decrease among returning users overall.1 Both figures point to just how effective these engagements are at easing the stress that so often surrounds financial decisions.
40%
net decrease in employees reporting high or overwhelming financial stress
36%
net decrease in financial stress among returning users, year-round
Attendees describe this effect in their own words. Comments collected from open enrollment webcast attendees point to the same theme: clarity in place of confusion, and calm in place of stress.1
Anita was engaging and made things easy to understand, made me feel smart, not stressed and enthusiastic about benefits.
Anita was well informed and provided much needed clarity regarding the change in benefits, along with their cost comparison.
Benefits were explained in easy to understand terms and helped me know what is available and would be useful for me to use.
Extremely tailored to me and presented in an easy-to-understand format. This stuff is confusing, so it was nice to have it broken down for us.
For me being relatively new to the US, it was very helpful to understand the differences in various health plans.
It helped me look at medical plans in ways other than least coming out of paycheck.
Overview of benefits available and how to discern what will serve me best.
Very useful information, helps me understand and maximize my benefits.
06 — Recommendations
Getting More From the Benefit You Already Have
Promote the program as a whole
Webcasts and coaching each earn strong satisfaction scores during open enrollment. Communicating the full range of support available lets employees engage in the way that suits them best.
Treat open enrollment as an acquisition moment
Because a disproportionate share of first-time users engage during this window, promotion aimed at employees who have never used the benefit deserves as much attention as reminders sent to existing users.
Extend delivery on-site where it counts most
On-site coaching is worth considering for groups that are particularly difficult to engage online, or that are experiencing a significant change to their benefits. In-person group and individual sessions during open enrollment produce engagement gains that virtual delivery alone does not reach.
Conclusion
Open enrollment is already a highpoint for engagement. The opportunity in front of most clients is to make fuller use of the moment: promoting the full range of program support, and extending delivery on-site where the workforce is not sitting at a desk.
Financial Finesse’s data suggests the return on that effort compounds. Thirty-two percent of employees who first engaged with the benefit during open enrollment have already re-engaged with it in less than a year, and that figure is likely a floor, since some have not yet reached a full year since their first engagement. Either way, it is engagement that, for many of them, may not have happened at all without that open enrollment moment.1
Stay Up-to-Date with the Latest Think Tank™ ResearchSubscribe
References
Data cited throughout this report is drawn from Financial Finesse’s Financial Wellness Think Tank™, including engagement records across webcasts, financial coaching sessions, and the online financial wellness hub, together with post-engagement survey responses collected from open enrollment participants across Financial Finesse’s client base. Company examples are drawn from anonymized client engagements and are not attributable to any single named organization. Net Promoter Score benchmarks are drawn from independent third-party industry research and are cited separately from Financial Finesse’s own data.
1.
Financial Finesse Financial Wellness Think Tank™. 2026. “Open Enrollment Engagement and Financial Stress Outcomes.” Internal analysis. El Segundo, CA.Proprietary Research
2.
SurveyMonkey. 2025. “What Is a Good Net Promoter Score (NPS)?” SurveyMonkey Curiosity at Work. Accessed August 13, 2026.
3.
Resonate CX. 2026. “NPS Benchmarks: What Is a Good Score by Industry.” Resonate CX Blog. Accessed August 13, 2026.
The Impact of Virtual Financial Wellness on Retirement Readiness
August 07, 2026
Financial Wellness Think Tank™ · 2026 Research Review
The Impact of Virtual Financial Wellness on Retirement Readiness
How Contribution Rates, Loan Activity, and Milestone Attainment Shift
With Engagement
Recordkeepers, asset managers, and advisors are asking a practical
question about virtual financial wellness benefits: does engagement
with a digital-only program — one with no human coach built in
— actually move the retirement metrics the industry already
tracks? Using Financial Wellness Think Tank engagement data across
employer clients, this year’s research review finds a clear
answer in the numbers themselves.
Employees who engage with a virtual financial wellness benefit
consistently out-save, out-allocate, and out-prepare those who
don’t — even when no human coach is part of the
program.
Engagement changes contribution behavior
Contribution behavior is the most direct measure of retirement
saving, and engagement with the virtual benefit tracks with higher
contribution rates and lower plan opt-out. Employees who engaged with
the benefit in 2024 were far less likely to opt out of their 401(k)
the following year than those who did not.
Engaged with the benefit
8.4%
401(k) opt-out rate in 2025
A 32% lower opt-out rate than non-engaged employees, following a
year of engagement with the virtual benefit in 2024.
Did not engage
10.9%
401(k) opt-out rate in 2025
Employees who did not engage with the virtual benefit in 2024
opted out of the plan at nearly one and a half times the rate of
engaged employees.
Engagement drives measurable results
Saving more matters less when the savings sit in a poorly
constructed portfolio or without a cash buffer behind them.
Engagement with the virtual benefit tracks with better-aligned
portfolios, stronger emergency savings, and higher milestone
attainment among the employees closest to retirement.
69.4%
Of return users who started misaligned with their risk
tolerance corrected their allocation after a year
65.1%
Of return users without an emergency cushion reached 1+
month’s living expenses in savings
82.3%
Of engaged near-retirees (55+) went on to capture their full
company retirement match
Three trends defining leading retirement programs
01
A digital-only benefit still moves the needle
Engagement with a virtual program coincides with higher
contribution rates, lower plan opt-out, better-aligned
investments, and stronger milestone attainment — even
where human coaching is not part of the benefit. That makes
financial wellness engagement a lever on plan health, not a
cost that needs separate justification.
02
Loan activity is a weak gauge on its own
A 401(k) loan can only be drawn against an existing balance, so
as a program builds contributions and match capture, borrowing
capacity grows right along with it. The more reliable lever is
liquid emergency savings: employees with at least $2,000 set
aside were 19 percentage points less likely to take a 401(k)
loan and 43 points less likely to cash out at a job change.
03
Near-retirees show the biggest wins
Among engaged employees age 55 and older, milestone attainment
was substantial across the board — from setting
beneficiaries to running a retirement estimate to capturing
the full company match. Readiness gains at this stage
translate directly into employer savings through delayed,
better-funded retirements.
The pattern in this year’s data tracks the outcomes the
retirement plan industry already works toward. Engagement itself
functions as a lever on the metrics recordkeepers, advisors, and plan
sponsors already measure — not a cost to be justified after the
fact.
Read the full 2026 Research Review
Explore the complete data on contribution behavior, investment
allocation, loan activity, and milestone attainment among
near-retirees behind this year’s findings.
August 05, 2026 The State of Global Financial Wellness Benefits
Research Brief | 2026
Global Benefits Research
The State of Global Financial Wellness Benefits
A survey of recent research on the global financial wellness market: growing demand among multinational employers, the cost of employee financial stress, and how an effective program reduces that stress no matter where employees are located.
Financial Wellness
Think Tank™
Stay Up-to-Date with the Latest Think Tank ResearchSubscribe
01Executive Summary
Financial stress among employees is a global condition, not a market-specific one. It carries a measurable cost to the employers whose workforces experience it, which is why multinational employers are rolling out financial wellness support at a pace no one would have predicted just five years ago. This brief surveys recent research from Fidelity International, WTW, and Aon on the scale of employee financial stress worldwide, the cost it imposes on employers, the speed at which multinationals are responding, and how an effective, well-communicated financial wellness program reduces that stress for employees regardless of where they are located.
02Global Workforces Are Under Financial Stress
Financial stress follows employees across borders. Recent global research documents lost concentration, absence, and disengagement tied to money concerns in every region surveyed, drawing on more than 700,000 data points from over 28,000 workers across 140 markets.1 Certain life events carry a measurable financial cost. Saving for an emergency or major purpose, marriage or partnering, and aging and caregiving responsibilities are each associated with lower financial wellness scores among the workers affected by them, relative to workers who have not experienced those events.1 The pattern is consistent enough across markets that it reads less like a series of local problems and more like a single global condition employers are only now fully reckoning with.
03Financial Stress Is Expensive
Financial stress does not stay contained to an employee’s personal life. It follows them to work, where it shows up as lost focus and reduced output.
Concentration Impact
2 in 3
stressed workers say financial stress affects their ability to concentrate at work1
Employer Responsibility
80%+
of multinational employers feel very or extremely responsible for supporting employee financial wellness1
That link between stress and concentration is the mechanism by which a personal problem becomes a business cost, and it is reflected in how employers now describe their own role. More than four in five multinational employers report feeling very or extremely responsible for supporting employee financial wellness, a level of ownership that tracks closely with how directly financial stress is now understood to affect workplace performance.1
04Multinationals Are Responding, Fast
Employers are turning that sense of responsibility into concrete commitments through a specific mechanism: the global minimum standard, a defined floor benefit that a company guarantees to every employee worldwide, regardless of what already exists locally, typically layered on top of local programs rather than replacing them. The benefits most commonly built into these standards today cluster around life insurance and employee assistance programs, offered as a global minimum by roughly three-quarters of multinationals.4 Financial wellness support has not yet reached that same level of standardization, even though employer ownership of the underlying problem, established above, is already high.1 Adoption of the minimum-standard approach overall has moved from a minority practice to the norm in under five years, and the pace of that shift matters to financial wellness specifically because it shows how quickly a benefit category can move from optional to expected once multinational employers begin treating it as part of the baseline every employee receives.
Global Minimum Benefit Standards, Adoption Over Time3
Share of multinational employers with a global minimum standard in place
Reported adoption
201936%
202470%+34 pts
Source: WTW, Priorities for Employee Benefits: A Global HQ Perspective (2024).
Aon’s own 2024 research projected this trend would keep accelerating, expecting the prevalence of global minimum standards to roughly double within a couple of years.4 One year into that window, Aon’s 2025 Global Benefits Trends Study confirms the commitment is holding: “implementing global minimum standards to drive global equity” now ranks among the top five global strategic priorities for multinational employers.5 The multinationals moving fastest on financial wellness specifically are the ones setting the pattern other employers will likely follow.4
05The Communication Gap
Rolling out a financial wellness program does not guarantee employees use it. A well-designed program still depends on employees knowing it exists, and a substantial share currently do not.1
Awareness Gap
4 in 10
employees are unaware of the full range of benefits available to them1
Communication Gap
72%
of multinationals leave benefits communication entirely to local teams, without central guidelines4
Most multinationals rely on local human resources teams to communicate benefits, with global headquarters typically providing broad design principles but limited practical guidance on delivery. Only about a third include communication guidelines in their global benefits framework, and the task of introducing a new benefit locally is often left to whichever team happens to own it in that market.4 That gap matters because local markets differ enough in language, preferred communication channels, and trust in employer messaging that a single global approach rarely travels well from one market to the next. A financial wellness program is only as effective as the plan built to introduce it locally, which is why a market-aware communication plan deserves the same attention as the benefit itself, built alongside it rather than added after launch, and why employees who do not know a benefit exists are not positioned to use it, wherever they happen to work.1
Workers who say their employer supports their financial wellness report job satisfaction at nearly one and a half times the rate of workers who say their employer does not, 52 percent versus 34 percent.1 That holds true across the same wide range of markets where financial stress itself proved consistent. Building an effective program and making sure employees know it exists are both necessary, and the data reviewed here suggests many multinationals have advanced further on the first than on the second.
Summary of Findings
Three factors are driving a new reality: a workforce under sustained financial pressure across every region, the tangible cost to employers when that pressure goes unaddressed, and a rapidly evolving employer response. As a result, global minimum standards are becoming the norm among multinationals, not the exception.1,3,5
The research is consistent on what makes a program work once it exists: employee satisfaction rises when a defined financial wellness program is in place and employees know about it, and that effect holds across every market surveyed.1,2,4 Fewer than a third of multinationals communicate their global benefits framework consistently, and a large share of employees cannot describe what is already available to them.1,4 For a multinational weighing whether to build or strengthen a global financial wellness program, an effective, clearly communicated program reduces employee financial stress wherever that employee is located, and communication, not geography, determines whether it does.
All figures below are drawn from the third-party research sources listed. Retrieval dates reflect the date each source was accessed for this brief.
1.Fidelity International. “The Fidelity Global Financial Wellness Report 2026.” Fidelity International, February 2026. Accessed July 9, 2026.
2.Fidelity International. “Values in Practice: Global Benefits Standards.” Fidelity International Global Employer Survey 2025. Accessed July 9, 2026.
3.WTW. “Almost Three-Quarters of Employers Have Set a Global Minimum Standard for Employee Benefits.” Priorities for Employee Benefits: A Global HQ Perspective survey (2023 HQ Priorities Survey). WTW, January 30, 2024. Accessed July 9, 2026.
4.Aon. “Global Minimum Benefits Standards Are Becoming the New Normal, Aon Reports.” 2024 Global Benefits Trends Study. Aon plc, July 11, 2024. Accessed July 9, 2026.
5.Aon. “2025 Global Benefits Trends Study.” Aon plc, 2025. Accessed July 9, 2026.
Stay Up-to-Date with the Latest Think Tank ResearchSubscribe
What Are the Most Used Employee Benefits?
June 18, 2026
The most commonly offered and used employee benefits in 2025 are health insurance, retirement savings plans, paid leave, flexible work arrangements, and life and disability insurance. These five categories form the core of virtually every employer benefits package in the United States. Beyond these essentials, a second tier of high-value benefits, including mental health support, financial wellness programs, professional development, and family care benefits, is growing rapidly in both availability and employee engagement.
The core five: benefits nearly every employer offers
According to SHRM’s 2025 Employee Benefits Survey, which gathered responses from nearly 4,000 HR professionals across organizations of all sizes and industries, health coverage remains the most universally offered benefit, with 97 percent of employers providing it and 88 percent rating it as extremely or very important.
1. Health insurance
Health coverage is the anchor benefit of the American employment relationship. The vast majority of employers offer a preferred provider organization plan, while 64 percent offer a high-deductible health plan linked with a savings or spending account. For most employees, health insurance is the single most financially significant benefit their employer provides, and it consistently ranks as the top factor employees consider when evaluating a job offer.
2. Retirement savings plans
Retirement savings and planning benefits tied with leave benefits for second place in employer priority rankings for the fourth consecutive year, with 81 percent of employers rating them as extremely or very important. Ninety-three percent of employers offer a traditional 401(k) or similar defined contribution plan, with 85 percent of those offering an employer match averaging 6.3 percent. Retirement benefits are considered essential across all employee generations, and employer matching contributions represent some of the most tangible financial value in any benefits package.
3. Paid leave
Vacation leave and sick leave continue to be two of the most provided benefits of any type, and leave benefits have tied for second in employer priority rankings for four consecutive years. Paid time off is among the benefits employees value and use most consistently, and its availability has a direct impact on recruitment, retention, and daily employee wellbeing.
4. Flexible work arrangements
Flexible work arrangements are offered by 68 percent of organizations, underscoring their lasting appeal in a post-pandemic workforce that has come to expect schedule and location flexibility as a standard feature of employment rather than a perk. For many employees, particularly those with caregiving responsibilities, flexibility is as important as compensation in their overall job satisfaction.
5. Life and disability insurance
Group life insurance and short and long-term disability coverage round out the core benefits package for most employers. According to BLS data, benefits average approximately 31 percent of total compensation for civilian workers, and although life and disability insurance represent a small share of that investment, these benefits provide financial protection employees rarely think about until they need them, at which point their value is immeasurable.
The growing second tier: benefits that are gaining ground
Beyond the core five, a second tier of benefits has moved from “nice to have” to “expected” over the past several years, driven by shifting workforce demographics, rising financial stress, and a growing employer recognition that total wellbeing, financial, mental, and physical, drives workforce performance.
Mental health and EAP benefits
Employee assistance programs and mental health benefits have risen sharply in employee demand. Programs that integrate physical, emotional, and financial wellbeing are driving higher engagement and retention, according to SHRM’s data, though structured wellness programs have declined to 39 percent of employers in 2025, down from 53 percent in 2021. The opportunity for employers is clear: mental health benefits that are well-designed, well-communicated, and easy to access generate meaningfully higher utilization and measurably better outcomes.
Financial wellness programs
Financial stress is the most pervasive source of employee anxiety in the American workforce, and demand for employer-sponsored financial wellness benefits has grown significantly as a result. Benefit managers are being advised to focus on financial wellness as a core component of a competitive benefits strategy to meet the changing needs and expectations of today’s workforce. Financial wellness programs that provide employees with access to credentialed financial coaches, such as the program offered by Financial Finesse, go well beyond general financial education to deliver personalized guidance that measurably reduces financial stress and improves employee financial outcomes.
Professional development and learning
Professional and career development benefits are rated as extremely or very important by 65 percent of employers. For younger employees in particular, access to learning, upskilling, and career development resources is among the most influential factors in job selection and retention. Employers who invest in their employees’ professional growth build loyalty that shows up in tenure and engagement data.
Family and caregiving benefits
Caregiving support has emerged as a significant gap in most benefits packages. Only 13 percent of employers offer elder care referral services, and just 10 percent provide paid prenatal leave beyond legal requirements, despite a workforce that is aging and facing growing caregiving demands on both ends of the generational spectrum. Dependent care FSAs, backup childcare, and flexible leave policies are increasingly important differentiators for employers competing for talent.
The utilization gap: offered is not the same as used
One of the most important and underappreciated facts about employee benefits is that availability and utilization are two very different things. Employers invest significantly in building comprehensive benefits packages, yet research consistently shows that a large share of those benefits go unused by the employees who need them most.
On average, only about a quarter of employees with access to wellbeing benefits, including physical, financial, and emotional support, actually use them.[1] For EAPs specifically, industry-wide utilization has held remarkably steady for years, with most traditional EAPs reporting engagement rates between 3 and 8 percent of the eligible employee population, with the median sitting at approximately 5 percent.
This utilization gap matters for two reasons. First, it means that the employees who most need support are frequently not receiving it. Second, it means that employers are not realizing the full return on their benefits investment. A benefit that goes unused generates no value for the employee and no return for the employer.
Financial Wellness Think Tank™ research consistently shows that financial coaching programs with strong employer communication, easy access, and unlimited no-cost engagement for employees achieve significantly higher utilization than benefits that require employees to self-identify a need and navigate a separate access process. The design of the benefit, not just its availability, determines whether employees actually use it.
What employees value most: the benefits picture in 2026
The benefits landscape is shifting in meaningful ways. Healthcare costs are expected to climb in 2026, putting cost control and benefit value at the center of planning discussions, as medical inflation, specialty drug spending, and higher utilization continue to drive spending. At the same time, employees are placing greater weight on benefits that support their total wellbeing, financial security, mental health, and flexibility, alongside the traditional core benefits of health coverage and retirement savings.
For HR leaders, the strategic imperative is not simply to offer more benefits. It is to offer the right benefits and to ensure employees can find, understand, and actually use them. The most competitive benefit packages in 2026 will be those that address the full spectrum of employee wellbeing, with financial wellness, mental health, and flexibility alongside the core five, and that are built for genuine engagement rather than checkbox compliance.
FAQs
What are the most common employee benefits?
The most commonly offered employee benefits are health insurance, retirement savings plans such as a 401(k), paid leave including vacation and sick time, flexible work arrangements, and life and disability insurance. These five categories form the core of most employer benefits packages in the United States.
What benefits do employees actually use the most?
Health insurance, paid leave, and retirement plans see the highest consistent utilization because they are either automatically enrolled or tied to immediate financial need. Benefits like EAPs, financial wellness programs, and mental health support tend to see lower utilization despite high demand, primarily due to awareness gaps, access friction, and stigma.
What employee benefits are growing in popularity?
Financial wellness programs, mental health and EAP benefits, flexible work arrangements, professional development, and family caregiving support are among the fastest-growing benefit priorities for both employers and employees heading into 2026.
How much do employee benefits cost employers?
According to BLS data, benefits average approximately $15.33 per hour for civilian workers, representing about 31 percent of total compensation. For a full-time employee earning $60,000 annually, that translates to roughly $25,000 to $30,000 in annual benefits cost.
This analysis draws on data from the SHRM 2025 Employee Benefits Survey, the U.S. Bureau of Labor Statistics, and Financial Wellness Think Tank™ research. The Financial Wellness Think Tank™ is the research division of Financial Finesse, the leading independent global provider of unbiased financial coaching as an employee benefit.
The Power of Pairing Financial Coaching and Your EAP
June 18, 2026
Employee assistance programs have been a staple of employer benefit packages for decades. They offer confidential counseling, mental health support, substance abuse resources, and referrals to community services. For many employees navigating crisis moments, an EAP is a genuine lifeline. And yet, despite their availability, EAP utilization rates remain stubbornly low, typically ranging from 3 to 6 percent of eligible employees in any given year. Most employees who could benefit from the program never use it.
That utilization gap is worth examining carefully, because it points to something important about how employees experience stress and seek help. But it also points to a broader question that HR leaders should be asking: in a workforce where financial stress is the single most pervasive source of anxiety, is an EAP alone sufficient to meaningfully improve employee wellbeing? The answer, supported by a growing body of research, is no. And the solution is not to replace the EAP. It is to pair it with something that addresses the root cause the EAP was never designed to treat.
What EAPs do well, and where they stop
EAPs are built to help employees manage the psychological and emotional dimensions of stress. A skilled EAP counselor can help an employee develop coping strategies, process anxiety, navigate a difficult relationship, or find treatment for a substance use disorder. These are meaningful, important services.
What an EAP counselor is not equipped to do is help an employee build a budget, eliminate high-interest debt, optimize their benefits elections, or create a retirement savings plan. When the source of an employee’s anxiety is a $4,000 credit card bill, a student loan in default, or a complete absence of emergency savings, emotional coping strategies can provide temporary relief. They cannot resolve the underlying problem. The stress returns, often with compounding intensity, because the financial circumstances that created it remain unchanged.
This is the fundamental limitation of relying on an EAP as the primary response to workforce financial stress. It treats the symptom while leaving the cause unaddressed.
Financial stress is not a financial literacy problem
It is tempting to assume that what financially stressed employees need is information and resources like financial worksheets, webinars, articles on budgeting basics, or access to estate planning documents. Many EAPs include exactly these kinds of general financial resources in their offerings, and some employers point to this as evidence that financial wellness is already covered.
Financial Wellness Think Tank™ research tells a different story. General financial education resources, however well designed, rarely produce the behavior change that moves employees from financial distress to financial stability. What does produce that change is personalized, one-on-one engagement with a credentialed financial professional who understands the employee’s specific situation, asks the right questions, and helps them build a plan they actually feel capable of executing.
The distinction matters because financial stress is not primarily an information deficit. Employees generally know they should have an emergency fund. They know high-interest debt is harmful. They know they should be saving more for retirement. What prevents them from acting is a complex combination of competing financial pressures, emotional avoidance, limited bandwidth, and a lack of confidence that improvement is actually possible for them specifically. That combination is not resolved by access to a resource library. It is resolved by a trusted, credentialed coach who helps the employee see a clear path forward and holds the emotional space for the conversation.
The reinforcing loop: when both programs work together
The most compelling argument for pairing financial coaching with an EAP is not additive. It is multiplicative. These two programs, when offered together, create a reinforcing cycle of wellbeing that neither can generate alone.
Financial stress is one of the most significant drivers of the anxiety, depression, and emotional overwhelm that EAPs are designed to address. Research from the National Safety Council and the National Opinion Research Center at the University of Chicago found that employees experiencing mental distress cost employers nearly $5,000 per person annually in lost work days alone.[1] A meaningful portion of that mental distress has financial stress at its root. When financial coaching reduces the financial pressure an employee is carrying, it directly reduces the psychological burden that the EAP is working to treat. The EAP counselor’s work becomes more effective because the underlying stressor is being addressed simultaneously.
The flow also runs in the other direction. An employee who is struggling with anxiety or depression often lacks the mental and emotional bandwidth to engage productively with their financial situation. Financial decisions require cognitive clarity, a capacity for future thinking, and the ability to tolerate discomfort. These are precisely the capacities that mental distress erodes. An EAP that helps an employee stabilize their mental health creates the psychological conditions under which financial coaching is most effective. The employee can engage more fully, retain guidance more readily, and take action more consistently.
What emerges is a reinforcing loop. Reduced financial stress supports better mental health. Better mental health creates the capacity to improve financial behavior. Improved financial behavior further reduces stress. The cycle, once initiated, is self-sustaining. And its benefits extend beyond financial and mental health into physical health as well, since chronic stress is a well-documented driver of cardiovascular disease, immune suppression, and a range of stress-related conditions that drive up employer healthcare costs.
This is what it means for the whole to be greater than the sum of its parts. An EAP and a financial coaching program operating in parallel, with employees able to access both as their needs require, produce outcomes that neither program produces in isolation.
Why EAP utilization matters
The persistently low utilization rates of EAP programs deserve attention in this context. When fewer than 1 in 20 employees engages with an EAP in a given year, it is reasonable to ask whether the program is reaching the employees who need it most. The answer is frequently no.
Employees experiencing the greatest financial and emotional distress are often the least likely to seek help proactively. Stigma, skepticism, and the overwhelming nature of the distress itself create barriers to engagement. Financial coaching, when delivered as an employer-paid benefit with strong program communication and easy access, tends to reach employees earlier in their distress cycle, before crisis sets in, and across a much broader range of the workforce. Financial Wellness Think Tank™ data consistently shows that employees engage with financial coaching around concrete, immediate questions: how to handle a specific debt, how to optimize a benefits election, how to start saving when money feels tight. These entry points are far less stigmatized than seeking mental health support, and they create a relationship of trust that can open the door to broader conversations about stress and wellbeing.
In this sense, a well-utilized financial coaching program can also function as a point of connection for employees who might eventually benefit from EAP services but would not have sought them out independently. The two programs, properly communicated together, can expand the reach of the entire wellbeing benefit ecosystem.
The complete picture of employee wellbeing
HR leaders who are serious about improving workforce wellbeing are increasingly recognizing that financial health, mental health, and physical health are not separate domains. They are deeply interconnected dimensions of the same person, and they respond to intervention in interconnected ways.
An EAP that operates without a financial coaching partner is addressing emotional and psychological distress without access to one of its most prevalent causes. A financial coaching program that operates without an EAP is helping employees build financial stability without a support structure for the emotional weight that financial stress carries. Together, they form something closer to a complete response to the full complexity of employee wellbeing.
Financial Finesse’s coaching model is built with this integration in mind. CFP® professionals who coach employees are trained in both financial and emotional intelligence, meaning they recognize when a financial conversation is also a mental health conversation, and they know how to hold that space while connecting employees to the appropriate support. That human dimension of the coaching relationship is what makes the pairing with an EAP so natural and so effective.
Offering an EAP is a meaningful commitment to employee wellbeing. But it is not enough on its own, particularly in a workforce where financial stress is the dominant source of anxiety for a significant portion of employees. The employers who will see the greatest return on their wellbeing investments are those who recognize that financial coaching and EAP services are not competing line items in a benefits budget. They are complementary pillars of a wellbeing strategy that addresses the whole employee, and whose combined impact is measurably greater than either program can deliver alone.
This analysis draws on Financial Finesse Think Tank™ research and published data from the National Safety Council, the National Opinion Research Center at the University of Chicago, and industry benchmarks on EAP utilization and workforce wellbeing. The Financial Wellness Think Tank™ is the research division of Financial Finesse, the leading independent global provider of unbiased financial coaching as an employee benefit.
The Real Cost of Financial Stress: Making the Case for Financial Coaching ROI
June 18, 2026
Financial stress is not a personal problem that happens to show up at work. It is a workplace problem that shows up in the data every single quarter, across payroll reports, healthcare invoices, absence logs, and retirement plan statistics. Employers may be tempted to evaluate financial wellness programs the way they evaluate office perks, asking whether employees like the benefit. Instead, what they should evaluate is whether the program moves the needle on employee financial stress, behavior, and ultimately bottom-line cost. To put it succinctly, it does.
Financial Finesse has spent more than two decades measuring the relationship between employee financial wellness and employer costs. What that research reveals is that financial stress is not just a hardship for employees. It is one of the most expensive, most underappreciated line items on any CFO’s balance sheet, and financial coaching is one of the highest-return investments an employer can make to address it.
This piece updates and expands our predictive ROI model to reflect a more complete picture of what financial stress actually costs, including two dimensions, presenteeism and mental health, that have historically been left out of the calculation entirely.
The predictive model: measuring what actually changes
Financial Finesse’s ROI model is built on observed behavioral data, not assumptions. Using our proprietary 10-point Financial Wellness Scale to measure employee financial health across a large client base, we tracked what happens to specific, measurable employer cost drivers as financial wellness scores improve.
The model’s anchor scenario is straightforward: what is the estimated cost savings for a 50,000-employee organization when the median workforce financial wellness score improves from a 4 to a 6? A score of 4 represents an employee who is actively working on establishing their financial resilience. A score of 6 represents an employee who is financially resilient and actively working on their long-term financial goals and security. This is not a dramatic transformation, but a realistic, achievable improvement driven by consistent engagement with a high-quality financial coaching program.
Across eight measurable cost categories, the results are significant.
Eight ways financial stress costs employers money
1. Absenteeism
Employees under financial stress miss more work. Our research found that unplanned absences fell from an average of 13.73 hours to 10.35 hours when employees moved from a financial wellness score of 4 to 6. Based on an average annual salary of $50,000, that improvement could save a 50,000-employee organization more than $4.2 million annually in reduced unplanned absence costs alone. This finding was independently corroborated by a Personal Finance Employee Education Foundation (PFEEF) study in which financial education program participants averaged 11 unscheduled absence days compared to 16 days for non-participants.[1]
2. Presenteeism
Absenteeism is visible. Presenteeism is not, and that makes it far more costly and far easier to overlook. According to Mercer, the average financially stressed employee spends approximately 150 hours per year distracted by financial worries while at work.[2] That is nearly four full work weeks of lost productivity per employee, per year. For a 50,000-employee organization, even a modest reduction in financially driven presenteeism could represent tens of millions of dollars in recovered productivity. Using conservative assumptions, a 25 percent reduction in financially driven distraction time would represent an estimated $6.25 million in recovered productivity for a 50,000-employee workforce earning an average salary of $50,000.
Presenteeism is the single largest underreported cost of financial stress. Employers who exclude it from their ROI models are significantly underestimating the value of financial coaching.
3. Healthcare costs
Financial stress is a health condition in practical terms. The American Psychological Association has documented the physical toll of chronic financial worry, including elevated cortisol levels, disrupted sleep, and suppressed immune function. These are not soft outcomes. They show up in claims data.
A Financial Finesse study of a Fortune 100 healthcare company found that employer healthcare costs for employees who used the company’s financial wellness program decreased by 4.5 percent, while costs for non-users increased by 19.4 percent over the same period. The net savings came to $271.50 per employee. For a 50,000-employee organization, that is a potential annual healthcare cost reduction of more than $13.5 million.
4. Mental health costs
Financial stress and mental health are deeply interconnected. Chronic financial worry is one of the leading drivers of anxiety and depression in working adults, and that distress carries a direct, measurable cost to employers. According to research from the National Safety Council and the National Opinion Research Center at the University of Chicago, employees experiencing mental distress cost employers nearly $5,000 per person annually in lost work days alone.[3]
A financial coaching program that reduces financial stress addresses one of the most common and costly root causes of employee mental distress at its source. Assuming a conservative 10 percent reduction in financially driven mental distress across a 50,000-employee workforce where 30 percent of employees are meaningfully affected, the potential savings in lost work days alone approach $7.5 million annually. For HR leaders already investing in employee assistance programs or mental health benefits, financial coaching is a high-leverage complement that targets the underlying problem rather than just its symptoms.
5. Delayed retirement
When employees cannot afford to retire, they do not. The Transamerica Center for Retirement Studies has documented that a significant portion of employees plan to work past age 65 not by choice, but by financial necessity.[4] For every year a retirement-ready employee delays retirement for financial reasons, employers absorb estimated additional costs of $50,000+ in higher compensation, benefits costs, and reduced workforce mobility.[5]
Financial Finesse research found that improved retirement contribution rates driven by better financial wellness could increase an employee’s lifetime retirement savings by 12 to 28 percent. Among employees who engaged repeatedly with their employer’s financial coaching program, the likelihood of being on track for retirement increased from 38 percent to 52 percent, a 14-point improvement. For a 50,000-employee organization, that shift translates to an estimated $8.75 million in annual cost reduction related to delayed retirement.
6. Employee turnover
Replacing an employee is expensive. Research from SHRM estimates that direct replacement costs range from 50 to 60 percent of an employee’s annual salary, with total costs including lost productivity and retraining reaching 90 to 200 percent of annual salary.[6] A financial wellness program that reduces financial stress and improves employees’ sense of being valued by their employer meaningfully reduces voluntary turnover.
Even a one percent reduction in turnover at a 50,000-employee organization, using a conservative $25,000 net replacement cost per employee, saves more than $1.25 million annually. The benefit compounds over time as employee tenure increases and institutional knowledge is retained.
7. FSA and HSA utilization
Flexible spending accounts and health savings accounts reduce taxable payroll for both employees and employers. When employees do not understand these benefits, both parties leave money on the table. Financial Finesse research found that as financial wellness scores improved from a 4 to a 6, average combined FSA and HSA contributions increased from $905 to $1,137 per employee. Since these contributions are not subject to FICA tax, higher utilization generates direct employer FICA savings. For a 50,000-employee organization, that improvement translates to nearly $900,000 annually in reduced matching FICA tax payments.
8. Wage garnishments
Wage garnishments are a growing administrative and compliance burden for employers. According to Wolters Kluwer, garnishments are rising in 2026, driven in part by surging consumer debt and the resumption of federal student loan collections.[7] Research from the ADP Research Institute found that approximately 7.2 percent of U.S. workers have their wages garnished,[8] meaning a 50,000-employee organization can expect roughly 3,600 employees to have active garnishments at any given time. Each garnishment costs an employer an estimated $300 annually in payroll staff processing time.
Financial Finesse research found that moving from a financial wellness score of 4 to 6 reduces the likelihood of garnishment by 62 percent. Applied to a 50,000-employee workforce, that improvement would eliminate approximately 2,232 garnishments annually, generating an estimated $669,600 in reduced processing costs. As garnishment volumes continue to climb, the administrative value of preventing new garnishments through proactive financial coaching becomes increasingly significant.
The BIG picture: total estimated savings for a 50,000-employee organization
Cost category
Estimated annual savings
Absenteeism
$4,264,396
Presenteeism
$6,250,000
Healthcare
$13,575,000
Mental health
$7,500,000
Delayed retirement
$8,750,000
Turnover
$1,250,000
FSA and HSA FICA
$887,229
Garnishments
$669,600
Estimated total
$43,146,225
These estimates are intentionally conservative, based on modest improvements in financial wellness and realistic impact assumptions. The actual return for organizations with high-quality, well-utilized programs will in many cases exceed these projections.
What separates programs that deliver ROI from those that do not
Not all financial wellness programs produce these outcomes. The ROI modeled above assumes a program with specific characteristics: guidance delivered by credentialed financial professionals who have no products to sell, access that is unlimited and employer-paid so that cost is never a barrier to engagement, and a delivery model that meets employees where they are rather than requiring them to seek out help.
Programs built around one-time financial education workshops, generic digital content libraries, or advisor referral networks that employees must navigate on their own do not produce the same behavioral change. The research consistently shows that repeated, personalized engagement with a credentialed financial coach is what drives the improvements in behavior that generate measurable ROI.
Employers who are serious about measuring the return on their financial wellness investment should benchmark their workforce’s financial wellness score at program launch, track engagement over time, and measure changes in the specific cost categories outlined above.
Final word
Financial coaching is not a benefit offered because it feels good, though it does matter to employees and creates real goodwill. It is a benefit that, when designed and delivered well, generates a return that is measurable, significant, and defensible to any CFO or benefits committee. The question is not whether financial wellness programs produce ROI, but whether employers are measuring it, and whether the program they have in place is built to deliver it.
This analysis draws on Financial Finesse Think Tank™ research, Mercer workforce productivity data, and published industry benchmarks for mental health, turnover, and healthcare costs. The Financial Wellness Think Tank™ is the research division of Financial Finesse, the leading independent global provider of unbiased financial coaching as an employee benefit.
[1] The study was conducted on behalf of a Fortune 100 healthcare provider to evaluate the ROI of their financial wellness program through Financial Finesse.
The Hidden Cost of Ignoring Deskless Workers’ Financial Wellness
June 12, 2026
Deskless workers represent 80% of the global workforce, yet most financial wellness programs are built for employees who sit at desks. The gap represents a measurable business risk. This research brief quantifies the compounding cost of unaddressed financial stress across four employer dimensions: turnover, safety incidents, disengagement and absenteeism, and benefits waste. It also examines the structural access barriers that keep deskless workers from engaging with the benefits they have, and offers a practical framework for closing the gap.
What Financial Wellness Companies Are Global?
May 29, 2026
As employers build workforces that span multiple countries, the demand for financial wellness programs that work everywhere employees live and work has grown significantly. A small but growing number of providers have developed genuinely global capabilities. These programs range from deep human coaching by locally credentialed professionals to broad digital financial education platforms available in dozens of languages. Financial Finesse is the category leader, having pioneered the industry and built the most comprehensive global coaching platform available, but HR leaders evaluating the market should understand what each provider actually delivers and how those delivery models differ.
Two types of global financial wellness
Not all global financial wellness programs are the same. Understanding the distinction matters enormously when evaluating what your employees will actually experience.
Human coaching programs pair employees with credentialed financial professionals, such as CFP® professionals or their in-country equivalents, for personalized, one-on-one guidance. These programs address complex, individual financial situations and provide the kind of behavior change and stress reduction that digital tools alone cannot replicate.
Digital financial education platforms deliver financial content, courses, tools, and calculators through a technology interface. While these platforms scale efficiently across countries and languages, effective global delivery requires more than translation to overcome differences in financial systems, regulations, workplace benefits, and cultural norms. When properly localized, these platforms are effective for building foundational financial knowledge at scale. They are generally less effective, however, for employees navigating complex or emotionally charged financial decisions, where human judgment, context, and empathy are irreplaceable.
The best programs combine both. The table below summarizes the verified global providers in each category.
Global Financial Wellness Provider Comparison
Global financial wellness provider comparison
Leading providers of employer-sponsored financial wellness programs with international reach.
Provider
Delivery model
Verified global reach
Key differentiators
Financial FinesseCoaching + digital
Human coaching by CFP® professionals or in-country credentialed equivalents, plus AI-powered virtual coaching
20,000+ employers; millions of employees worldwide
Founded the financial wellness category (1999). Country-by-country platform with full localization of language, culture, and financial systems. Same quality standard globally as the U.S. program. Fully independent — no products sold, ever. Industry’s longest track record and deepest research base.
nudge GlobalDigital education
Personalized digital financial education; no human coaching
195 countries; localized in 79; 40 local languages
UK-based. Widest digital footprint of any provider. Behavior science-driven content engine. Impartial — no products sold. Strong employer-of-record track record (PepsiCo: 59 countries, 280,000 employees). Best suited for employers prioritizing broad digital reach over personalized human coaching.
LearnLuxCoaching + digital
Digital planning tools plus access to CFP® professionals for 1:1 guidance
100+ countries; 35+ languages
US-based, founded 2015. Digital-first with CFP® access layered on top. January 2026 partnership with MAXIS GBN (MetLife/AXA network) significantly expanded global distribution. Best suited for employers seeking a digital-led program with coaching access.
EnrichDigital education
Online financial education courses, tools, articles, and interactive content; no human coaching
70+ countries
US-based. Localized content developed with regional financial experts. Clients include Coca-Cola, Dell, and Ciena. Adaptive platform personalizes experience by country then by individual. Best suited for employers seeking scalable, self-serve digital education globally.
EY Personal FinanceCoaching + digital
Financial planner access via EY Navigate platform plus digital tools and group workshops
150+ countries via EY global network
Division of Ernst & Young; financial planning practice since 1978. Global reach enabled by EY member firms. Planner-driven with strong tax and benefits expertise. Primarily US-centric in delivery focus. Best suited for organizations with existing EY relationships or complex executive financial planning needs.
Financial Finesse highlighted as program originator. Data sourced from provider websites and independent reporting as of Q2 2026.
Financial Finesse: the category leader and global standard-setter
Financial Finesse invented the financial wellness industry. Founded in 1999 by Liz Davidson, the company was the first to offer unbiased, CFP®-led financial coaching as an employer-paid benefit, making personalized expert guidance available to everyday employees rather than only high-net-worth individuals. Financial Finesse coined the term “financial wellness” and is credited with creating what is now a mainstream employee benefit adopted by top employers worldwide.
Today Financial Finesse serves more than 20,000 organizations, reaching millions of employees worldwide through a single integrated platform. It remains fully independent, sells no financial products, and employs coaches whose only incentive is to improve the employee’s financial outcome.
What sets Financial Finesse apart globally is its country-by-country construction. Each market’s program is built from the ground up, not translated from a US original. The language, the cultural framing of money, the local financial system, the retirement structures, the tax environment, and the benefit landscape are all incorporated into the program each employee receives. An employee in the UK receives guidance grounded in UK pensions, ISAs, and income tax. An employee in Canada receives guidance relevant to RRSPs, CPP, and provincial benefit structures. An employee in Japan, Australia, Brazil, or the UAE receives the same quality of coaching, adapted entirely to their local context.
This approach is backed by a human-plus-AI delivery model that mirrors what Financial Finesse built in the US. CFP professionals, or their in-country credentialed equivalents, deliver direct coaching to employees. Aimee, Financial Finesse’s AI-powered virtual coach, extends that reach with personalized, always-available guidance. No other provider has matched this combination of human coaching depth and AI-powered scale across a global platform.
For HR leaders managing distributed workforces, Financial Finesse offers what very few global vendors can: a single vendor relationship, consistent program quality, and genuinely local delivery in every market.
nudge Global
nudge is a UK-based digital financial education platform founded in 2012. Available in 195 countries, nudge provides financial and benefit education localized to specific countries, with content in 40 local languages across 79 markets. It is the provider with the widest digital footprint in the category.[1]
nudge’s platform is built on behavioral psychology and uses personalized, data-driven content to help employees develop financial knowledge and skills at their own pace. It is explicitly impartial, meaning it sells no financial products. PepsiCo partnered with nudge to support employees across 59 countries, and more than a quarter of employees made adjustments to their retirement savings following implementation.[2]
It is important for HR leaders to understand that nudge is a financial education platform, not a financial coaching benefit. Employees receive personalized digital content, financial health checkups, and behavior-based prompts, but do not have access to one-on-one sessions with CFP professionals or equivalent credentialed coaches. For employers seeking the broadest possible digital financial education coverage across the most countries at scale, nudge is a well-established and proven option.
LearnLux
LearnLux is a US-based provider founded in 2015 that blends digital financial planning tools with access to CFP professionals for one-on-one guidance. LearnLux supports employers and employees in over 100 countries worldwide, delivering services in 35-plus languages.[3]
Through a January 2026 partnership with MAXIS Global Benefits Network, co-founded by MetLife and AXA, LearnLux now enables multinational clients to offer employees access to digital financial education, planning tools, and individual guidance across more than 100 countries. This partnership meaningfully accelerated LearnLux’s international distribution.[4]
LearnLux’s model is digital-first, with CFP® access layered on top. Employees use the platform for financial planning tools and educational content, with the option to book sessions with a CFP® professional when needed. This differs from Financial Finesse’s always-available, unlimited coaching model in which human coaching is the core of the benefit rather than an add-on to a digital platform.
Enrich
Enrich is a US-based digital financial education platform whose global program is available in more than 70 countries. The platform delivers localized financial education content developed with regional financial experts and researchers, adapting its material to each country’s financial context rather than simply translating a US curriculum.
Enrich’s approach is entirely digital. Its platform delivers articles, financial education courses, interactive tools, and personalized content based on an individual’s financial situation and goals. It does not include access to CFP® professionals or human coaches. Global clients include Coca-Cola, Dell, and Ciena. Enrich is well suited for employers seeking scalable, self-serve digital financial education that reaches employees cost-effectively across many countries.[5]
EY Personal Finance
EY Personal Finance is the financial wellness division of Ernst and Young, with a financial planning practice dating to 1978. EY Personal Finance is a suite of planner-driven, digitally-enabled financial wellness offerings covering financial planning, benefits guidance, and tax compliance, delivered through the EY Navigate platform. Its global reach is enabled by EY member firms operating in more than 150 countries.[6]
EY planners do not sell financial products, offering objective guidance on topics from debt management to retirement planning. The delivery model is more formal and advisor-centric than coaching-centric, reflecting EY’s professional services DNA. EY Personal Finance is best suited for employers with existing EY relationships or those managing high-complexity employee populations with significant tax and financial planning needs alongside a global footprint.
What HR leaders should ask any global provider
The global financial wellness market is still maturing, and many providers overstate their international capabilities. Before selecting a vendor, HR leaders should ask each provider these questions directly:
Is your program built for each country, or adapted from a US or UK original?
In which specific countries do you have locally credentialed human coaches delivering one-on-one guidance?
What languages does your platform support natively, and can you demonstrate content examples in each?
How is your program updated when local tax law, retirement rules, or benefit structures change?
Can you provide global client references from the specific countries where our employees are located?
These questions will quickly reveal the difference between providers with genuine global infrastructure and those with global presence on paper only.
FAQs:
What financial wellness companies are global?
The providers with verified global reach as of 2026 are Financial Finesse, nudge Global, LearnLux, Enrich, and EY Personal Finance. They differ significantly in delivery model, with some offering human coaching by credentialed professionals and others delivering digital financial education only.
Which global financial wellness provider offers human coaching?
Financial Finesse, LearnLux, and EY Personal Finance all offer access to credentialed human professionals. Financial Finesse provides the most comprehensive coaching model globally, with CFP® professionals or in-country credentialed equivalents delivering unlimited direct coaching as the core of the benefit, not as an optional add-on.
What is the difference between a financial coaching program and a financial education platform globally?
A financial coaching program connects employees with credentialed financial professionals for personalized, one-on-one guidance on their specific financial situation. A digital financial education platform delivers content, courses, and tools employees navigate independently. Coaching programs tend to produce deeper behavior change. Education platforms tend to offer broader reach at lower cost. The strongest global programs combine both.
Is Financial Finesse available outside the United States?
Yes. Financial Finesse extends the company’s US program internationally through a country-by-country platform. Each market’s program is adapted to its specific language, culture, local financial system, and benefit landscape, delivered to the same quality standard as the US program.
Financial Finesse is the leading independent global provider of unbiased financial coaching as an employee benefit, driving measurable improvements in employee financial wellness and proven employer ROI. Employees receive unlimited access to CFP® professionals and AI-powered guidance that expands reach and personalization with trusted human oversight at every step.
How Do Employers Measure ROI on Financial Wellness Programs?
May 29, 2026
Employers measure the return on investment of a financial wellness program in two ways: qualitatively, through the human and cultural value the benefit creates, and quantitatively, through measurable reductions in direct costs like absenteeism, healthcare expenses, delayed retirement, turnover, wage garnishments, and underutilization of tax-preferred benefits. Together, these two lenses tell the complete story of what a financial wellness program is worth.
Why measuring ROI matters
Financial wellness programs represent a meaningful employer investment. Benefits leaders who can connect that investment to measurable outcomes are better positioned to justify the budget, expand the program, and demonstrate its value to leadership and finance teams.
The good news is that the data exists. Research consistently shows that financially stressed employees cost employers real money in ways that show up in the numbers that CFOs and CHROs already track. A strong financial wellness program moves those numbers in the right direction.
The qualitative case: why employers say it is simply the right thing to do
Not every return on a benefit shows up in a spreadsheet, and leaders at the world’s top employer brands understand this. According to the Employee Benefit Research Institute’s 2025 Financial Wellbeing Employer Survey, 95 percent of employer respondents believe their company has a responsibility to ensure employees are financially secure and well. That belief reflects a broader shift in how leading organizations think about their role in employees’ lives.
The qualitative ROI of a financial wellness program includes several dimensions that are harder to quantify but no less real.
Offering financial coaching signals to employees that the company cares about their lives outside of work, not just their productivity inside it. This sense of goodwill builds loyalty that is difficult to manufacture through compensation alone. Employees who feel genuinely supported by their employer are more engaged, more likely to stay, and more likely to serve as advocates for the organization.
Financial wellness benefits also reinforce an employer’s brand as a best place to work. Recognition from organizations like Fortune, Glassdoor, and industry-specific awards increasingly weighs whether employees report low financial stress and feel their employer supports their total wellbeing. A strong financial wellness program contributes directly to the factors those surveys measure.
There is also the matter of purpose. Many HR leaders describe the decision to offer financial coaching with a phrase that resonates beyond cost calculations: it is the right thing to do. Employees bring their whole selves to work. When financial stress consumes a significant portion of their mental energy, the impact spills over into every dimension of their performance and health. An employer who helps reduce that stress is doing something genuinely meaningful.
The quantitative case: where the numbers show up
The financial impact of a well-designed financial wellness program shows up across several measurable cost categories. Research from Financial Finesse’s Financial Wellness Think Tank™, including an independent case study of employees conducted by the Personal Finance Employee Education Foundation (PFEEF), provides clear evidence that employees who participate in financial education programs generate meaningfully better outcomes across each of these dimensions.
Absenteeism and presenteeism
Financial stress is one of the leading drivers of unplanned absences. Employees who are worried about money are more likely to miss work and less productive when they are present, a phenomenon known as presenteeism. In the PFEEF case study, financial education program participants averaged 11 unscheduled absence days compared to 16 days for non-participants. Based on a proprietary predictive model developed by Financial Finesse’s Financial Wellness Think Tank™, moving a workforce’s median financial wellness score from a 4 to a 6 on a 10-point scale could save a 50,000-employee organization more than $4.2 million annually in reduced unplanned absences alone.
Healthcare costs
Financial stress manifests physically. A study of a Fortune 100 healthcare company found that employer healthcare costs for employees who used the company’s financial wellness program actually decreased by 4.5 percent, while costs for non-users increased by 19.4 percent over the same period. That difference translated to a net savings of $271.50 per employee. For a 50,000-employee organization, that is a potential annual healthcare cost reduction of more than $13.5 million.
Delayed retirement
When employees cannot afford to retire, they often stay in the workforce past their intended retirement date. This creates a cascading cost problem for employers: higher compensation costs, reduced mobility for career advancement among younger employees, and challenges with workforce planning. Research from Financial Finesse’s Financial Wellness Think Tank™ found that employees who engaged repeatedly with their employer’s financial wellness program increased their likelihood of being on track for retirement from 34 percent to 47 percent. For a 50,000-employee organization, that 13-point improvement translates to an estimated $6.5 million in annual cost reduction related to delayed retirement.
Employee turnover
Replacing an employee is expensive. Direct replacement costs can range from 50 to 60 percent of an employee’s annual salary, with total costs including lost productivity and retraining ranging from 90 to 200 percent. A financial wellness program that helps employees feel more secure and more valued reduces voluntary turnover. Even a one percent reduction in turnover at a 50,000-employee organization could save more than $1.25 million annually.
Wage garnishments
Wage garnishments create administrative burden and cost for employers. Processing a single garnishment costs an employer an estimated $300 per year. Research from Financial Finesse’s Financial Wellness Think Tank™ found that improving a workforce’s financial wellness score from a 4 to a 6 reduces the likelihood of garnishment from 4.8 percent to 1.8 percent. In one case study, garnishment rates were 5 percent for program participants versus 8 percent for non-participants. For a 50,000-employee organization, the reduction in garnishment processing costs alone can exceed $440,000 annually.
FSA and HSA utilization
Flexible spending accounts and health savings accounts reduce taxable payroll for both employees and employers. When employees do not understand or use these benefits, both parties leave money on the table. Financial wellness coaching increases FSA and HSA participation rates. In the case study, program participants contributed significantly more to both health FSAs and dependent care FSAs than non-participants. Research from Financial Finesse’s Financial Wellness Think Tank™ found that improving financial wellness from a score of 4 to 6 increased average combined FSA and HSA contributions from $905 to $1,137 per employee, generating nearly $900,000 in annual FICA tax savings for a 50,000-employee organization.
The chart below shows how these quantitative savings stack up across employer sizes based on Financial Finesse’s predictive model.
What an independent ROI study found
The PFEEF case study is one of the most rigorous independent analyses of financial wellness program ROI available. Based on data from 8,233 program participants and an equal-sized control group of non-participants, the study calculated a return-on-investment ratio of 5.50 to 1 under conservative assumptions. That means for every dollar invested in the Financial Finesse program, the company received $5.50 in net benefits. Under more optimistic but still realistic assumptions about program impact, the ROI ratios reached 9.76 to 1 and 15.07 to 1.
The study measured outcomes across unscheduled absences, wage garnishments, FSA contributions for both health and dependent care, retirement plan contribution rates, and job performance. Participants outperformed non-participants on every measurable metric.
How to build your own ROI case
HR leaders do not need to wait for a third-party study to make the case for a financial wellness program. A practical ROI analysis can be built using data that most organizations already collect or can reasonably estimate.
Start by establishing a baseline. What is the organization’s current rate of unplanned absences? What are annual healthcare cost trends? What percentage of employees are on track for retirement? What is the voluntary turnover rate and the estimated cost to replace an employee? What percentage of eligible employees are participating in FSA and HSA programs?
Then model the potential improvement. Financial Finesse’s predictive model uses a 10-point financial wellness scale to project the cost impact of incremental improvements in workforce financial wellness. Even modest improvements, moving the median workforce score from a 4 to a 6, generate savings that dwarf the cost of the program itself.
Finally, track outcomes over time. Financial wellness program ROI is best demonstrated through longitudinal measurement, comparing employee cohorts who engage with the program against those who do not, and tracking how behaviors change as employees progress in their financial wellness journey.
FAQs:
What metrics do employers use to measure financial wellness ROI?
The most common quantitative metrics are reductions in unplanned absenteeism, lower healthcare costs, reduced delayed retirement costs, lower turnover, fewer wage garnishments, and increased FSA and HSA utilization. Qualitative measures include employee engagement, employer brand perception, and workforce morale.
What ROI can employers expect from a financial wellness program?
An independent study of a Fortune 500 healthcare company’s Financial Finesse program calculated a return of $5.50 for every $1 invested under conservative assumptions. Financial Finesse’s own predictive model estimates that moving a 50,000-employee workforce’s median financial wellness score from a 4 to a 6 could generate more than $26 million in annual cost savings across six measurable categories.
How long does it take to see ROI from a financial wellness program?
Some benefits, such as increased FSA enrollment and reduced garnishment processing, can appear within the first year. Larger savings categories like healthcare cost trends and delayed retirement impacts typically emerge over a two-to-five year horizon as employee financial wellness improves and behaviors change.
Does financial wellness ROI only apply to large employers?
No. The cost drivers are present at every employer size. While the absolute dollar savings are larger for larger organizations, the return-on-investment ratio, dollars saved per dollar invested, is comparable regardless of workforce size.
Financial Finesse is the leading independent global provider of unbiased financial coaching as an employee benefit, driving measurable improvements in employee financial wellness and proven employer ROI. Employees receive unlimited access to CFP® professionals and AI-powered guidance that expands reach and personalization with trusted human oversight at every step.
What Is the Difference Between a Financial Coach and a Financial Advisor?
May 29, 2026
A financial coach helps people understand their finances, build better money habits, and make informed decisions across all areas of their financial life. A financial advisor typically manages investments and builds wealth strategies for people who already have assets to grow. Both serve important roles, but they operate at different stages of the financial journey and are often most powerful when they work together as part of a broader financial wellness ecosystem.
Why HR leaders should understand this distinction
When evaluating financial wellness benefits, the coach versus advisor question comes up often. Many employees have never worked with either. Others assume these roles are interchangeable. HR leaders who can articulate the difference clearly are better positioned to match the right benefit to the right employee need, and to explain the business value of financial coaching to leadership and benefits committees.
The short version: financial coaching is a benefit designed for everyone. Financial advice is typically offered as a service for those already managing significant wealth.
What a financial coach does
A financial coach helps employees navigate the full range of financial questions and decisions they face throughout their lives. This includes understanding how to build a budget, pay down debt, establish an emergency fund, make sense of employee benefits, plan for retirement, and protect their family with the right insurance coverage.
The coaching relationship is educational and empowering by design. A coach does not make decisions for the employee. Instead, the coach helps the employee understand their options, build financial confidence, and develop the habits and knowledge to make sound decisions on their own over time.
In a workplace financial wellness benefit, coaches are typically CERTIFIED FINANCIAL PLANNER® (CFP®) professionals or their in-country equivalents. CFP professionals hold one of the most rigorous and respected credentials in financial services, covering financial planning, tax, insurance, retirement, and estate planning. At Financial Finesse, for example, every coach is a CFP® professional (or in-country equivalent), meaning employees receive expert guidance regardless of their income level, financial situation, or the complexity of their situation.
Critically, financial coaches are an employer-paid benefit, have no products to sell, and no commissions to earn. Their only job is to help the employee. This makes financial coaching one of the only truly unbiased sources of financial guidance most employees will ever have access to.
What a financial advisor does
A financial advisor focuses primarily on managing and growing wealth. This typically involves creating an investment strategy, managing a portfolio, and helping clients plan for major wealth-related milestones such as retirement drawdown, estate planning, and tax optimization on investments.
Financial advisors operate under a range of compensation models. Some charge a flat fee for their services. Some earn commissions on financial products they recommend. Others charge a percentage of the assets they manage, often referred to as an AUM (assets under management) fee. Understanding how an advisor is compensated matters because it can influence the recommendations they make.
Financial advisors are well suited for people who have accumulated meaningful assets and need ongoing investment management and sophisticated planning. Most financial advisors also have minimum asset thresholds, which can make their services inaccessible to employees who are still building their financial foundation.
Why they are not competing, but complementary
The most important thing for HR leaders to understand is that financial coaches and financial advisors serve different needs at different stages of an employee’s financial life, and the strongest financial wellness ecosystems include both.
Think of it as a progression. Financial coaching meets employees where they are, often before they have significant assets to manage. A coach helps an employee get their cash flow under control, build emergency savings, pay off high-interest debt, and start saving for retirement. Over time, as that employee builds wealth, they may reach a point where a financial advisor makes sense.
In this way, a financial wellness benefit that includes strong coaching does not compete with financial advisors. It creates better clients for them. Employees who arrive at a financial advisor already financially literate, with no high-interest debt and a clear sense of their goals, are in a far stronger position than those who arrive without that foundation.
What this means for benefits design
When an HR leader is evaluating financial wellness programs, the key question is not “should we offer coaching or advisory services?” The better question is: “What does the majority of our workforce actually need right now?”
For most employee populations, the answer is financial coaching. Research consistently shows that financial stress is widespread across all income levels, and that most employees lack basic financial literacy, emergency savings, and confidence in their financial decisions. Financial coaching addresses this directly, at scale, and at no cost to the employee.
For higher-income segments of the workforce, such as executives or senior professionals with complex compensation, an advisor referral network or supplemental advisory benefit may also be appropriate.
The gold standard is a benefit that provides every employee with access to a credentialed financial coach as a starting point, with a pathway to connect with more specialized resources, including financial advisors, when the employee’s needs evolve.
FAQs
Is a financial coach the same as a financial advisor?
No. A financial coach focuses on education, financial decision-making, and building a strong financial foundation. A financial advisor focuses on managing investments and growing wealth. Both serve important roles, but they operate at different stages of the financial journey.
Do financial coaches manage money or investments?
No. Financial coaches provide guidance and education to help employees make their own informed financial decisions. They do not manage portfolios or direct investments on behalf of clients.
Are financial coaches unbiased?
When coaching is delivered as an employer-paid benefit, yes. Coaches in a financial wellness program like Financial Finesse have no products to sell and no commissions to earn, which makes their guidance genuinely objective.
Do employees need a certain income level to work with a financial coach?
No. Financial coaching as an employee benefit is available to all employees regardless of income, savings level, or financial situation. This is one of the most significant differences from traditional financial advisory services, which often require minimum asset thresholds.
Can an employee work with both a financial coach and a financial advisor?
Yes, and for many employees this is the ideal approach. A coach helps build the financial foundation. As wealth grows, an advisor can take on investment management and sophisticated planning. The two roles complement each other.
Financial Finesse is the leading independent global provider of unbiased financial coaching as an employee benefit, driving measurable improvements in employee financial wellness and proven employer ROI. Employees receive unlimited access to CFP® professionals and AI-powered guidance that expands reach and personalization with trusted human oversight at every step.
What Do Financial Wellness Programs Include?
May 29, 2026
A financial wellness program helps employees build a stable financial foundation, reach long-term financial goals, and maximize the value of their compensation and benefits. At its core, it provides access to credentialed financial coaches, personalized guidance for real-life financial decisions, and practical tools—often including AI-powered coaching, financial calculators, and trusted educational content—to help employees take action. The most effective programs address both financial resilience, which is the ability to absorb financial shocks, and financial security, which is the ability to grow and thrive financially over time.
The two goals of a financial wellness program
A well-designed financial wellness program works on two levels simultaneously: helping employees withstand financial setbacks and helping them build toward lasting security.
Financial resilience: the foundation
Financial resilience means an employee can absorb unexpected financial shocks without falling into a crisis. Financially resilient employees have positive cash flow, a meaningful emergency savings cushion, either no high-interest debt or a clear plan to eliminate it, and manageable levels of financial stress.
Without this foundation in place, longer-term financial goals are nearly impossible to pursue. A coaching program that skips this layer and jumps straight to investment planning is putting the cart before the horse.
Financial security: the next level
Once resilience is established, the program shifts focus to financial security. This means having adequate savings to reach meaningful financial goals and appropriate insurance coverage to protect assets and loved ones.
Financial security looks different for every employee. For one person it means funding a child’s education. For another it means retiring at 62. For another it means buying a home. A strong program meets employees where they are rather than applying a one-size-fits-all approach.
What guidance looks like inside a financial wellness program
The guidance component of a financial wellness program answers the financial questions employees are actually asking. Questions like:
“How much should I have in an emergency fund?”
“Should I pay off debt or invest in my 401(k) first?”
“Am I taking advantage of all the benefits my employer offers?”
“When can I realistically retire?”
This guidance should come from credentialed coaches, such as Certified Financial Planner® (CFP®) professionals, who are trained to help employees understand their options and feel confident acting on them. When available and appropriate, live coaching should be coupled with well‑vetted AI‑powered coaching. Programs offered through Financial Finesse, for example, provide unlimited access to unbiased CFP® professional financial coaches (or in‑country equivalents) who combine financial expertise with emotional intelligence, as well as Aimee, a safe AI‑powered coach.
What solutions a financial wellness program includes
Guidance alone is not enough. Employees need resources to act on the coaching they receive. The solutions layer of a financial wellness program connects employees to tools and programs that help them execute. These solutions typically span several categories:
Cash and debt management: Resources for budgeting, managing cash flow, credit counseling, and structured plans for eliminating high-interest debt, including credit card debt and personal loans.
Savings programs: Emergency savings tools designed to help employees build a financial cushion, often integrated directly with payroll for automated contributions.
Student loan assistance: Programs that help employees navigate repayment options, refinancing decisions, and employer-sponsored student loan contribution benefits.
Retirement planning: Support for maximizing 401(k) contributions, understanding employer match structures, and planning for a sustainable retirement income.
Healthcare savings: Guidance on Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and how to use these tools to reduce out-of-pocket healthcare costs.
Insurance and protection: Help evaluating life, disability, and supplemental insurance coverage to ensure employees are adequately protected, along with identity theft protection resources.
Tax planning: Year-round guidance on tax-smart financial decisions, not just tax filing support.
Family and housing support: Resources covering dependent care benefits, childcare savings accounts, and guidance on major decisions like homebuying.
These solutions are not a checklist. What matters most is that employees receive guidance from a credentialed coach who helps them understand which solutions apply to their specific situation, and then connects them to the right tools to take action.
How the program is delivered matters
The most effective financial wellness programs are employer-paid benefits, meaning there is no cost to the employee at the point of use. When employees have to pay out of pocket to access financial coaching, utilization drops sharply, and the employees who need help most are often the ones least likely to reach out.
Delivery should be flexible. Employees need to access coaching on their schedule, through their preferred channel, whether that is a phone call, chat, or digital self-service. Multilingual and global delivery matters for employers with distributed workforces.
AI-powered tools are increasingly part of well-designed programs, helping scale access and personalization. Financial Finesse pairs AI-powered guidance with certified human coaches, so employees benefit from both the empathy, motivation, and judgment of a credentialed professional and the reach of technology.
FAQs:
What is the main goal of a financial wellness program?
To help employees build financial resilience, meaning the ability to handle financial shocks, and financial security, meaning the ability to reach long-term financial goals.
Who delivers the guidance in a financial wellness program?
Guidance should come from unbiased credentialed professionals such as CFP® professionals who have expertise in both financial planning and the emotional dimensions of financial stress and, when available and appropriate, well‑vetted AI‑powered coaching tools.
Is a financial wellness program just about retirement savings?
No. While retirement planning is an important component, a comprehensive program also addresses emergency savings, debt management, insurance, tax planning, healthcare savings, and other financial priorities employees face at every life stage.
How is a financial wellness benefit different from a financial advisor?
A financial advisor typically manages investments on behalf of clients and may have minimum asset requirements. A financial wellness benefit is an employer-paid resource available to all employees, focused on unbiased coaching and guidance across a broad range of financial topics rather than investment management.
Financial Finesse is the leading independent global provider of unbiased financial coaching as an employee benefit, driving measurable improvements in employee financial wellness and proven employer ROI. Employees receive unlimited access to CFP® professionals and AI-powered guidance that expands reach and personalization with trusted human oversight at every step.
2025 Workplace Financial Wellness in America: A Year in Review
April 16, 2026
On the surface, 2025 looked like a step backward. Financial Wellness Scores dipped to 4.72 and the share of employees reporting high or overwhelming stress rose to 26.8%, returning to roughly 2023 levels after a promising one-year recovery. But the headline is incomplete…
The Risks Of Employer Stock
February 09, 2025
One of the biggest risks lurking in people’s investments is having too much in a current or former employer’s company stock. What’s too much?
Rule of thumb
You should generally have no more than 10-15% of your investment portfolio in any single stock. It’s worth noting that an investment adviser can lose their license for recommending more than that.
More than just a stock when it’s your job
So why is this such a bad idea? What if your company stock is doing really well? Well, remember Enron, anyone? While it’s practically impossible for a well-diversified mutual fund to go to zero, that could easily happen with an individual stock. In that case, you could simultaneously be out of a job and a good bulk of your nest egg.
Now, I’m not saying your company is the next Enron. It could be perfectly managed and still run into trouble. That’s because you never know what effect a new technology, law, or competitor can have, regardless of how good a company it is.
Nor does the company have to go bankrupt to hurt your finances. Too much in an underperforming stock can drag down your overall returns, and even a well-performing stock can plummet in value just before you retire. As volatile as the stock market is as a whole, it’s nothing compared to that of an individual stock.
Why do we over-invest in our own companies?
So why do people have so much in company stock? There are two main reasons. Sometimes, it’s inadvertent and happens because you receive company stock or options as compensation. For example, your employer may use them to match your contributions to a sponsored retirement plan. Other times, it’s because people may feel more comfortable investing in the company they work for and know rather than a more diversified mutual fund they may know little about.
A general guideline is to minimize your ownership of employer stock. After all, the expected return is about the same as stocks as a whole (everyone has an argument about why their particular company will do better, just like every parent thinks their child is above average). Still, as mentioned before, the risks are more significant. That being said, there are some situations where it can make sense to have stock in your company:
When it might make sense to keep more than usual in company stock
1) You have no choice. For example, you may have restricted shares that you’re not allowed to sell. In that case, you may want to see if you can use options to hedge the risk. This can be complicated, so consider consulting with a professional investment adviser.
2) You can purchase employer stock at a discount. If you can get a 10% discount on buying your employer’s stock, that’s like getting an instant 10% return on your money. If so, you might want to take advantage of it but sell the shares as soon as possible and ensure they don’t exceed 10-15% of your portfolio.
3) Selling the stock will cause a considerable tax burden. Don’t hold on to a stock just because you don’t want to pay taxes on the sale, but if you have a particularly large position, you may want to gift it away or sell it over time. If you do the latter, you can use the same hedging strategies as above.
4) You have employer stock in a retirement account. This is a similar tax situation because if you sell the shares, you’ll pay ordinary income tax when you eventually withdraw it. However, if you keep the shares and later transfer them out in kind to a brokerage firm, you can pay a lower capital gains tax on the “net unrealized appreciation.” (You can estimate the tax benefit of doing so here.) In that case, you may want to keep some of the shares, but I’d still limit it to no more than 10-15% of your total portfolio.
5) You have a really good reason to think it’s a particularly good investment. For example, you work at a start-up that could be the proverbial next Google. It may be too small of a company for analysts to cover, so it may genuinely be a yet-to-be-discovered opportunity. In that case, go ahead and get some shares. You may strike it rich. But remember that high potential returns come with high risk so ensure you’ll still be financially okay if things don’t pan out as hoped.
The ups and downs of the stock market typically get all the media and attention. But your greatest investment risk may come from just one stock. So don’t put all your eggs in it.
What Is An HSA And Why Should I Participate?
February 09, 2025
An HSA is a type of tax-deferred account designed to help you save for your health care costs for current and future years. An HSA essentially works like an IRA for medical expenses. However, it differs from a Flexible Spending Account (FSA) in that money not spent in a calendar year can remain in the account to be used in future years – or retirement.
HSAs are only available to you if you have coverage through a qualifying high-deductible major medical health plan, referred to as an HDHP. If you can participate in an HSA, you should know these facts:
HSAs can be funded with pre-tax income up to certain IRS limits. The money can be withdrawn tax-free for qualified medical expenses, including prescription drugs.
You can reimburse yourself right away for qualified medical expenses, or at any time in the future, as long as your HSA was open when the expense was incurred. Just hold on to your receipts, bills, or explanation of benefits.
You can also make contributions directly to an HSA via deposit for the prior tax year up until the tax filing deadline (generally April 15th).
You may not contribute to an HSA if you are covered by a non-high deductible medical plan including Medicare, TRICARE, a spouse’s family plan, or an FSA or HRA (yours or your spouse’s, unless it is limited purpose).
The amount of your HSA contribution directly reduces your taxable income for federal tax purposes, and in most states (CA and NJ are exceptions), so you will pay tax on less income overall.
Any money not spent in the year contributed grows tax-free (for federal and most states) in the investment funds you choose, if an investment option is available.
If withdrawn for non-qualified medical expenses before age 65, the money will be taxed as ordinary income and will incur a 20% penalty as well. However, once you turn 65, the money may be withdrawn for non-qualified medical expenses without this penalty (only the taxes will be due).
HSA accounts may be transferred if you change employers, similar to a rollover from one 401(k) to another.
ACTION ITEMS:
1. Consider participating in an HSA if you want to save money by paying for qualified medical expenses with tax-free dollars or you are looking for other ways to save for retirement on a tax-preferred basis.
2. Be aware that a high-deductible health plan with an HSA may not be the best option for those who have ongoing medical conditions and treatments, or for those who do not have sufficient funds set aside to pay the higher out-of-pocket costs.
3. If you plan to defer much of your HSA balance until retirement, make sure to invest for the long term among the investment options available to you.
Why You Should Max Out Your HSA Before Your 401(k)
February 09, 2025
Considering that most employers are offering a high-deductible HSA-eligible health insurance plan these days, chances are that you’ve at least heard of health saving accounts (“HSAs”) even if you’re not already enrolled in one. People who are used to more robust coverage under HMO or PPO plans may be hesitant to sign up for insurance that puts the first couple thousand dollars or more of health care expenses on them, but as the plans gain in popularity in the benefits world, more and more people are realizing the benefit of selecting an HSA plan over a PPO or other higher premium, lower deductible options.
For people with very low health costs, HSAs are almost a no-brainer, especially in situations where their employer contributes to their account to help offset the deductible (like mine does). If you don’t spend that money, it’s yours to keep and rolls over year after year for when you do eventually need it, perhaps in retirement to help pay Medicare Part B or long-term care insurance premiums.
Not just for super healthy people
But HSAs can still be a great deal even if you have higher health costs. I reached the out-of-pocket maximum in my healthcare plan last year, and yet I continue to choose the high-deductible plan solely because I want the ability to max out the HSA contribution. Higher income participants looking for any way to reduce taxable income appreciate the ability to exclude up to IRS limits each year. It beats the much lower FSA (flexible spending account) limit.
Even more tax benefits than your 401(k)
Because HSA rules allow funds to carryover indefinitely with the triple tax-free benefit of funds going in tax-free, growing tax-free and coming out tax-free for qualified medical expenses, I have yet to find a reason that someone wouldn’t choose to max out their HSA before funding their 401(k) or other retirement account beyond their employer’s match. Health care costs are one of the biggest uncertainties both while working and when it comes to retirement planning.
A large medical expense for people without adequate emergency savings often leads to 401(k) loans or even worse, early withdrawals, incurring additional tax and early withdrawal penalties to add to the financial woes. Directing that savings instead to an HSA helps ensure that not only are funds available when such expenses come up, but participants actually save on taxes rather than cause additional tax burdens.
Heading off future medical expenses
The same consideration goes for healthcare costs in retirement. Having tax-free funds available to pay those costs rather than requiring a taxable 401(k) or IRA distribution can make a huge difference to retirees with limited funds. Should you find yourself robustly healthy in your later years with little need for healthcare-specific savings, HSA funds are also accessible for distribution for any purpose without penalty once the owner reaches age 65. Non-qualified withdrawals are taxable, but so are withdrawals from pre-tax retirement accounts, making the HSA a fantastic alternative to saving for retirement.
Making the most of all your savings options
To summarize, when prioritizing long-term savings while enrolled in HSA-eligible healthcare plans, I would strongly suggest that the order of dollars should go as follows:
Contribute enough to any workplace retirement plan to earn your maximum match.
Then max out your HSA.
Finally, go back and fund other retirement savings like a Roth IRA (if you’re eligible) or your workplace plan.
Contributing via payroll versus lump sum deposits
Remember that HSA contributions can be made via payroll deduction if your plan is through your employer, and contributions can be changed at any time. You can also make contributions via lump sum through your HSA provider, although funds deposited that way do not save you the 7.65% FICA tax as they would when depositing via payroll.
The bottom line is that when deciding between HSA healthcare plans and other plans, there’s more to consider than just current healthcare costs. An HSA can be an important part of your long-term retirement savings and have a big impact on your lifetime income tax bill. Ignore it at your peril.
How To Choose A Healthcare Plan
February 07, 2025
Depending on the choices you have, choosing a healthcare plan can be frustrating – with different plans that have different structures and costs, how will you know which one is best for you and your family?
Start with any tools your employer offers
Your benefit provider may offer access to tools that help with this decision, so check for that as a first step for a more personalized answer based on the plan options available to you. It may be some type of quiz or interactive process that asks you to make a rough prediction of your anticipated healthcare needs – if you have a tool like that, definitely start there. Doing so won’t commit you to a particular plan, but it can help you narrow the options based on your answers.
Beyond using the decision support tools that may be offered, there are a few key things to consider. Here’s how to choose.
It’s all about balance
Big picture, choosing the best plan for you and your family comes down to whichever plan balances your personal healthcare needs with care that you can afford – no one wants to find themselves underinsured, but lots of people end up over-insuring. In some cases, that’s intentional – lots of people tell us they’d rather know they are covered just in case, and we can’t argue with that if you know the trade-offs you’re making. If instead you’re trying to find the best value without overpaying, it may require a little more legwork.
What are the premiums?
Before you start comparing the details of each plan, make sure you factor in this cost, which is the one thing you can count on spending no matter what for your healthcare. It can be tempting to choose the lowest premium, and if you expect to use your plan very little beyond preventive care services (which are covered 100% under most plans), then that may be all you need to consider.
If you think there’s any chance you’ll need to use your healthcare, then keep looking beyond the premium.
How does the coverage differ under each plan?
Make sure the plan you choose actually covers your needs. If you want to keep your primary doctor and other providers, make sure they are in-network so you don’t end up paying more for their services. See the extent to which any procedures or prescription drugs you’re expecting to need over the next year are covered as well.
A few more things to consider:
If you or a dependent have chronic health issues and one spouse has access to a plan with lower deductibles and co-pays, make sure that child or spouse is on that plan.
If you have traditionally had your entire family on one plan but both spouses have health coverage available, you should start looking into whether your doctors and providers are in the networks of both plans. If so, see if it may make sense to go ahead and put the spouses on different plans. Even if your company isn’t charging a premium for “covered” spouses, it may be less expensive overall to be on different plans.
As always, take a good look at any pending issues such as braces, lasik, etc. that are in your family’s future and plan accordingly.
How much might you have to pay out-of-pocket?
It’s important to compare the different ways you’ll share the costs of your care with your insurance company through co-pays, deductibles and coinsurance. You may also want to compare out of pocket maximums if you anticipate large expenses for the year.
Is there an HSA option?
If you’re looking for a healthcare option that also offers the ability to save for future medical expenses, even into retirement, you may want to pay special attention to any HSA-eligible plans.
Why give Health Savings Accounts a look?
If your employer is contributing to your HSA, that’s free money that can help to offset your out-of-pocket costs since your employer is essentially putting some of that money into your pocket. (Your HSA is your money so you can take it with you when you leave or retire.) If you plan to contribute to the HSA, calculate how much you can save in taxes. (You can get the same tax benefit by contributing to an FSA for health expenses, but the contribution limits are lower and you probably won’t want to contribute as much since the FSA is mostly “use it or lose it.”)
A case study: how one mom chose her plan for her family
As a real-life example, one of our coaches worked with someone who was trying to decide between a traditional PPO plan with a $1,000 family deductible versus an HSA-eligible plan with a $2,600 family deductible. The coverages would have been similar for her, but she was concerned by potentially having to spend so much out-of-pocket to reach her deductible under the HSA plan.
When we factored in the premium difference, we found that the PPO plan premiums were an extra $49 a month or $588 a year. In addition, her employer was willing to contribute $2,000 to her HSA. So, by choosing the HSA-eligible plan, she would basically be saving $2,588, which turned out to be more than the difference in the deductibles. Even if she spent the whole $2,600, she’d still be ahead under the high deductible plan.
In addition, if she decided to contribute an additional $3,000 to her HSA, she would save another $720 in federal taxes at the 24% tax bracket (not including state taxes or the tax savings on any future earnings in the account).
Of course, your numbers will be different, and your decision may not be as simple based on other factors. The lesson here is that you need to consider all of the factors, not just the premiums and the deductibles.
Choosing the ideal plan
Choosing a healthcare plan is a highly personal decision and there’s no perfect way to go about the decision without a crystal ball to tell you how the year ahead will go. Definitely take advantage of any decision-support tools your employer is offering, then check that against other possible scenarios in your life.
There are things you can anticipate such as braces, ongoing treatments or childbirth, but even the best laid plans can go awry with your health. The ideal plan for you is the one that covers the most likely scenarios you and your family will encounter without paying too much for coverage you don’t need.
Why You Should Treat Your HSA Like An IRA
February 07, 2025
Would you raid your Roth IRA or 401(k) to pay for car repair bills? I suppose if you have no other choice, you might. But ordinarily, we want to use our tax-advantaged retirement accounts only as a last resort because we want that money to grow tax-free or tax-deferred for as long as possible.
The HSA is the only account that allows us to make pre-tax contributions and withdraw them tax-free. Why then are we so willing to tap into our HSAs for medical expenses?
Making the most of your HSA
Yes, there’s no tax or penalty on those withdrawals since that’s what they’re meant to be used for. But HSAs can also be a tax-free retirement account since the money grows to be tax-free if used for medical expenses at any time, including retirement.
Since there’s a pretty good chance you’ll have some health care costs in retirement, you can count on being able to use that money tax-free. (If you keep the receipts for health care expenses you pay out-of-pocket, you can also withdraw that amount tax-free from the HSA later since there’s no time limit between the medical expense and the withdrawal.) You can also use the money penalty-free for any expense after age 65, although it would be taxable just like a pre-tax retirement account.
An example
Let’s say you contribute $3k per year to an HSA and don’t touch the money for 30 years. If you just earn an average of 1% in a savings account, you will have over $105k. But if you invest that $3k each year and earn a 7% average annual return, you’ll end up with over $300k or almost 3 times as much!
That’s why I recently decided to take advantage of our company’s switch to a new HSA custodian by transferring my HSA funds from a savings account to an HSA brokerage account. Since I don’t intend to touch this money for a few decades, I can invest it more aggressively and hopefully earn a higher rate of return. In the meantime, I’ll just pay my health care costs out of my regular income and savings.
Take care with any fees
One little hiccup that I noticed is that my custodian charges a $3 fee for the brokerage account if I don’t keep at least $5k in the savings account. At first glance, it’s tempting to keep $5k in the savings account to avoid that fee but the $36 a year in fees is only .72% of the $5k. That means if I can just earn more than an extra .72% in the brokerage account, I’ll be ahead. Given historical returns, I think that’s a pretty good bet.
Guidelines for making the most of your HSA
Here are some guidelines to make the best use of your HSA:
First, make sure you have an adequate emergency fund to cover health care expenses. If not, ignore everything in this blog post until you do.
If you have the option of a health care plan with an HSA, consider getting it. The premiums are lower so you generally save money in the long run if you’re in good health.
Try to max out your contributions. (If you do it through payroll deductions into a section 125 cafeteria plan, you can also avoid FICA tax on the contributions). Aside from getting the match on your 401(k) and paying off high interest debt, this is generally the best use of your money because the contributions are both pre-tax and can be withdrawn tax-free (for health care expenses).
If you have a brokerage option, invest as much of your HSA as you can in a portfolio that’s appropriate for your time horizon and risk tolerance. (Make sure your expected returns justify any fees you may have to pay.)
Don’t touch your HSA money unless you absolutely need to. Instead, use your regular savings (see #1) to cover medical expenses.
Keep the receipts for any health care expenses you pay out-of-pocket since you can withdraw those amounts from your HSA tax-free anytime.
Have tax-free money to help cover health care expenses in retirement!
How We Are Deciding Which Spouse’s Insurance Plan To Use
February 06, 2025
My husband recently changed careers and is starting with his new employer at the end of this month. We’re all very excited about the transition as a family, but we have a very important decision to make: are we going to stay covered under our current health insurance plan that I have through work or are we going to move over to his plan? Or should the kids join my husband on his plan while I stay on my own? Decisions. Decisions.
How do you decide whose health insurance to use?
When both partners have benefits through work, it’s a good idea to re-examine your family coverage each year. Here are some of the things that we are considering as we decide which benefits to choose. These questions might trigger some points that are important to you and your family as well as you make your decision whether to stay put or move on to your spouse’s plan:
Questions to ask
Are our current doctors considered in-network under my husband’s plan (especially the kids’ doctors)?
Do my husband and I like the primary doctor options who fall in-network under his plan?
If my husband has employee-only coverage at work, does his employer cover his monthly premium? (mine does)
How do the monthly premiums and deductibles compare to what’s available under our current plan?
Once we hit the deductible, how much is our coinsurance (the percentage we are responsible for paying)?
Is a high deductible health plan (HDHP) an option with his employer and how much, if anything, does his employer contribute to a health savings account on his behalf?
Are there any upcoming specialists we’ll need to see? Surgeries any of us will need? If so, are they covered? And how much would we be responsible for paying?
Are there any specific medications we know we’ll need that are not covered under my husband’s plan?
These are some of the things we’ve started to consider. Thinking through your situation and coming up with your list of questions like these, or points that you want to be sure you address, will help you choose the coverage that best meets your needs. Be sure to break down the costs and compare apples to apples when choosing the right health insurance plan and steer clear of common mistakes that are often made during enrollment.
When you need to switch mid-year
It’s important to note that our decision happens to fall during my open enrollment period at work, but if it were outside of my company’s open enrollment period, my husband’s change in employment status (and thus his new eligibility to be covered under a health plan) would be considered a qualifying life event and we’d have a short time frame (typically 30 days) to make changes to our health plan.
The Impact of Artificial Intelligence on Financial Decisions for Retirees
September 05, 2024
This essay explores the profound implications of artificial intelligence (AI) in reshaping the financial landscape for retirees. Artificial Intelligence refers to the simulation of human intelligence in machines…
ROI Calculator | 2026
