We're on the cusp of explosive growth
St. Louis, MO (PRWEB) October 29, 2014
According to corporate financial wellness firm, Four Seasons Financial Education (FSFE), employer-sponsored financial wellness programs are poised for explosive growth over the next five years. The overall corporate wellness industry has grown significantly over the last decade. According to a 2013 Department of Labor Workplace Wellness Programs Study, wellness programs are offered by approximately half of companies with at least 50 employees and 90% of companies with at least 50,000 employees*. However, these wellness programs have historically focused on physical and mental wellness.
According to a 2014 Hot Topics in Retirement report by AON Hewitt, 76% of employers are somewhat or very likely to create or expand financial wellness resources to employees that extend beyond retirement decisions**. "With money being the number one cause of stress for America, you can't ignore the connection between physical and financial health," says Travis Freeman, president of FSFE. "We're on the cusp of explosive growth in the financial wellness industry as more wellness programs encompass financial planning."
Freeman cited much of the growth at FSFE is attributed to benefits consultants and retirement plan advisors recommending financial wellness programs to their company clients. He also predicts the industry will become more standardized in the coming years as more providers join the space. Today's financial wellness vendors are difficult to differentiate due to vastly different service offerings.
About Four Seasons Financial Education
Four Seasons Financial Education provides workplace financial wellness and education services to companies throughout the US to help them improve their bottom line. Since 1986, we have helped corporate America increase workplace productivity by focusing on the most important asset of the company - the employees. Services provided through RFG Advisory Group, an SEC Registered Investment Adviser.