PFEEF's ROI Calculator™ Available Online Now - FREE
Employers are encouraged to go to PFEEF's website to click on "Launch the Employer's Projected ROI for a Quality Workplace Financial Program Calculator." The results of a dozen calculations are already there, so simply change the numbers to fit your situation and hit "Free Report" to watch YOUR printer print the results. Thus find out the bottom-line dollar value of implementing a program that genuinely changes employees' financial behaviors for the better. Take the results to your management team.
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| FOUNDATION CHANGE OF LEADERSHIP
PFEEF President, Tom Garman will retire from the Foundation the end of 2009, and he will then be donating limited assistance to PFEEF's Director of Research.
Judith N. Cohart will assume the Presidency of the Personal Finance Employee Education Foundation on January 1, 2010. Welcome, Judith!!
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Auto-Enrollment Features Now on Global Stage
A report card on the globalization of automatic features to defined contribution plans shows that such plans are gaining international acceptance, according to a 33-country survey of DC plan sponsors by Mercer. In June 2009, the HR consulting firm conducted a poll of DC plan sponsors from 33 countries. The results show that one-third of the employers offer auto-enrollment, one-third auto-escalation and over one-fifth auto-rebalancing features. In addition, for 80% of companies that offer a default investment option, lifecycle funds are the most common default choice (67%). (click here for the full story)
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Quote
"Given the results of this surveyand others, employers should start looking at the basic financial education that they can provide through the workplace, whether it's budgeting or resolving bad credit." [click here for full story]
Nancy B. Hammer, Manager of regulatory and judicial affairs at Society of Human Resource Professionals
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"Featured Partner - Best Provider "
The Heartland Institute of Financial Education is a Colorado non-profit organization whose mission is to promote financial literacy across America. It is dedicated to empowering organizations and their people through financial education. This focused education is provided by experienced financial professionals who have earned their CFEd® designation - CFE Certified Financial Educator® the first registered credential of its kind. The CFEd® recognizes the financial professional who teaches others. Heartland is PFEEF's longest and strongest supporter! |
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| PFEEF Mission: "Sharing research, expertise, and best practices demonstrating that profits increase by providing employees easy access to resources to reduce personal finance distress and improve financial well-being." Everything on the PFEEF website is available for your use at no cost! |
| Opt-in/Opt-out PFEEF does not send or condone the sending of unsolicited commercial email. Subscribers are added to our electronic newsletter on an opt-in permission basis and may unsubscribe through links in every mailing. |
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