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Boost retirement confidence

 

Confidence about the future helps employees retire when and how they want. But they also need confidence about decision making. Why? Participants who are confident about plan decisions are two times more likely to be contributing 15% or more. However, less than half (44%) are highly confident about making financial decisions in their plan.

The good news is that they know they need help, and they’re receptive to it.

 
smiling woman looking off into the distance
 

62%

would like to receive education about the topics they’re less confident about

They told us where we can focus our education efforts. Less than a quarter are confident about each of the following:

  • Making investment decisions/how much investment risk to take
  • Drawing income from their retirement savings in retirement
  • Understanding how inflation and/or market volatility impacts their retirement plan accounts
 

See how participant saving attitudes and behaviors have trended over time.

 

Tools you can use

Participants need easy-to-understand education to drive confident decision making and engagement.

Help employees invest wisely with these educational materials.

Give employees tools to navigate market volatility and understand the importance of staying the course.

Use the key performance indicators on your Plan Health Dashboard to get a snapshot of your plan’s performance along with detailed participant data, demographics and trends so you can focus on who needs the most help in your company. Benchmarking compares your plan to the average peer plan to help you make decisions.

 
 

Get the whole story

Read the full report to explore the 2023 research and solutions.

 

About Wellness@Work

Wellness@Work is a platform for research and viewpoints on central issues related to group benefits and retirement planning. The program seeks to identify forward-thinking ways to help financial professionals, employers and employees. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better benefit and retirement outcomes.

The 2023 Wellness@Work study is based on a national survey of 2,604 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,104 participants and 500 non-participants. Greenwald & Associates, a third party market research firm, conducted the study on behalf of Lincoln Retirement Plan Services. Greenwald & Associates is not associated with Lincoln Financial Group. Online interviewing took place from February 16 to March 14, 2023. Data is weighted by demographics to mirror the total population.

The 2022 Wellness@Work study is based on a national survey of 2,503 full-time workers who have access to insurance benefits (at least one of the following: disability, life, dental, vision, critical illness, accident or hospital indemnity) through their employer. Greenwald Research, a third-party market research firm, conducted the study on behalf of Lincoln Financial Group. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from January 28, 2022 to March 1, 2022. Data is weighted by demographics to mirror the total population.

Boost retirement confidence

 

Confidence about the future helps employees retire when and how they want. But they also need confidence about decision making. Why? Participants who are confident about plan decisions are two times more likely to be contributing 15% or more. However, less than half (44%) are highly confident about making financial decisions in their plan.

The good news is that they know they need help, and they’re receptive to it.

 
smiling woman looking off into the distance
 

62%

would like to receive education about the topics they’re less confident about

They told us where we can focus our education efforts. Less than a quarter are confident about each of the following:

  • Making investment decisions/how much investment risk to take
  • Drawing income from their retirement savings in retirement
  • Understanding how inflation and/or market volatility impacts their retirement plan accounts
 

See how participant saving attitudes and behaviors have trended over time.

 

Tools you can use

Participants need easy-to-understand education to drive confident decision making and engagement.

Help employees invest wisely with these educational materials.

Give employees tools to navigate market volatility and understand the importance of staying the course.

Use the key performance indicators on your Plan Health Dashboard to get a snapshot of your plan’s performance along with detailed participant data, demographics and trends so you can focus on who needs the most help in your company. Benchmarking compares your plan to the average peer plan to help you make decisions.

 
 

Get the whole story

Read the full report to explore the 2023 research and solutions.

 

About Wellness@Work

Wellness@Work is a platform for research and viewpoints on central issues related to group benefits and retirement planning. The program seeks to identify forward-thinking ways to help financial professionals, employers and employees. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better benefit and retirement outcomes.

The 2023 Wellness@Work study is based on a national survey of 2,604 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,104 participants and 500 non-participants. Greenwald & Associates, a third party market research firm, conducted the study on behalf of Lincoln Retirement Plan Services. Greenwald & Associates is not associated with Lincoln Financial Group. Online interviewing took place from February 16 to March 14, 2023. Data is weighted by demographics to mirror the total population.

The 2022 Wellness@Work study is based on a national survey of 2,503 full-time workers who have access to insurance benefits (at least one of the following: disability, life, dental, vision, critical illness, accident or hospital indemnity) through their employer. Greenwald Research, a third-party market research firm, conducted the study on behalf of Lincoln Financial Group. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from January 28, 2022 to March 1, 2022. Data is weighted by demographics to mirror the total population.

Boost retirement confidence

 

Confidence about the future helps employees retire when and how they want. But they also need confidence about decision making. Why? Participants who are confident about plan decisions are two times more likely to be contributing 15% or more. However, less than half (44%) are highly confident about making financial decisions in their plan.

The good news is that they know they need help, and they’re receptive to it.

 
smiling woman looking off into the distance
 

62%

would like to receive education about the topics they’re less confident about

They told us where we can focus our education efforts. Less than a quarter are confident about each of the following:

  • Making investment decisions/how much investment risk to take
  • Drawing income from their retirement savings in retirement
  • Understanding how inflation and/or market volatility impacts their retirement plan accounts
 

See how participant saving attitudes and behaviors have trended over time.

 

Tools you can use

Participants need easy-to-understand education to drive confident decision making and engagement.

Help employees invest wisely with these educational materials.

Give employees tools to navigate market volatility and understand the importance of staying the course.

Use the key performance indicators on your Plan Health Dashboard to get a snapshot of your plan’s performance along with detailed participant data, demographics and trends so you can focus on who needs the most help in your company. Benchmarking compares your plan to the average peer plan to help you make decisions.

 
 

Get the whole story

Read the full report to explore the 2023 research and solutions.

 

About Wellness@Work

Wellness@Work is a platform for research and viewpoints on central issues related to group benefits and retirement planning. The program seeks to identify forward-thinking ways to help financial professionals, employers and employees. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better benefit and retirement outcomes.

The 2023 Wellness@Work study is based on a national survey of 2,604 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,104 participants and 500 non-participants. Greenwald & Associates, a third party market research firm, conducted the study on behalf of Lincoln Retirement Plan Services. Greenwald & Associates is not associated with Lincoln Financial Group. Online interviewing took place from February 16 to March 14, 2023. Data is weighted by demographics to mirror the total population.

The 2022 Wellness@Work study is based on a national survey of 2,503 full-time workers who have access to insurance benefits (at least one of the following: disability, life, dental, vision, critical illness, accident or hospital indemnity) through their employer. Greenwald Research, a third-party market research firm, conducted the study on behalf of Lincoln Financial Group. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from January 28, 2022 to March 1, 2022. Data is weighted by demographics to mirror the total population.

Boost retirement confidence

Confidence about the future helps employees retire when and how they want. But they also need confidence about decision making. Why? Participants who are confident about plan decisions are two times more likely to be contributing 15% or more. However, less than half (44%) are highly confident about making financial decisions in their plan.

The good news is that they know they need help, and they’re receptive to it.

 
 
smiling woman looking off into the distance
 

62%

would like to receive education about the topics they’re less confident about

They told us where we can focus our education efforts. Less than a quarter are confident about each of the following:

  • Making investment decisions/how much investment risk to take
  • Drawing income from their retirement savings in retirement
  • Understanding how inflation and/or market volatility impacts their retirement plan accounts
 

See how participant saving attitudes and behaviors have trended over time.

 

Tools you can use

Participants need easy-to-understand education to drive confident decision making and engagement.

Help employees invest wisely with these educational materials.

Give employees tools to navigate market volatility and understand the importance of staying the course.

Use the key performance indicators on your Plan Health Dashboard to get a snapshot of your plan’s performance along with detailed participant data, demographics and trends so you can focus on who needs the most help in your company. Benchmarking compares your plan to the average peer plan to help you make decisions.

 
 

Get the whole story

Read the full report to explore the 2023 research and solutions.

 

About Wellness@Work

Wellness@Work is a platform for research and viewpoints on central issues related to group benefits and retirement planning. The program seeks to identify forward-thinking ways to help financial professionals, employers and employees. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better benefit and retirement outcomes.

The 2023 Wellness@Work study is based on a national survey of 2,604 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,104 participants and 500 non-participants. Greenwald & Associates, a third party market research firm, conducted the study on behalf of Lincoln Retirement Plan Services. Greenwald & Associates is not associated with Lincoln Financial Group. Online interviewing took place from February 16 to March 14, 2023. Data is weighted by demographics to mirror the total population.

The 2022 Wellness@Work study is based on a national survey of 2,503 full-time workers who have access to insurance benefits (at least one of the following: disability, life, dental, vision, critical illness, accident or hospital indemnity) through their employer. Greenwald Research, a third-party market research firm, conducted the study on behalf of Lincoln Financial Group. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from January 28, 2022 to March 1, 2022. Data is weighted by demographics to mirror the total population.