Unique employee resource provides financial education and guidance covering many types of personal finance issues.
Employees' personal financial issues are costing organizations valuable productivity and engagement. The goal of the newly refreshed Hewitt Personal Finance Center (PFC) site is to provide fast answers to pressing financial questions so employees can get back to work matters as quickly as possible. The PFC provides sought-after education and guidance covering a variety of personal finance issues. The site is designed to meet the diverse preferences and learning styles of varying employee populations. It provides a robust employee education program online, over-the-phone, and on-site.
The financial education programs on the site are centered on key financial topics, such as "Making the Most of Your 401(k) Plan," "Understanding Asset Allocation," "Retirement Planning in the 21st Century," "Saving for College," and "Debt Management."
The PFC contains multi-media online education. Articles discuss financial problems and solutions in easy-to-read terms. Charts and tutorials provide flash presentations that take employees through financial topics in a methodical step-by-step manner. Calculators allow employees to explore what-if scenarios to personalize the education to meet their specific situations. Also on the site are a variety of two-minute "Small Good Choices" videos that provide additional solutions to a variety of financial issues.
Some employees need to talk through their issues with a trusted and knowledgeable financial expert. The PFC is staffed with personal finance specialists who are trained to answer a wide variety of questions. All calls to the PFC are confidential and are free to employees of companies that subscribe to Hewitt's Personal Finance Center.
In-person seminar workshops can also be arranged through the PFC. These workshops, led by trained financial professionals, are designed to educate employees on a specific topic. Most include a worksheet and handouts to help attendees work toward individual solutions.
The PFC also maintains a referral network to leading financial institutions that provide access to financial products at a discount to normal retail rate. Available products include:
- Retirement Income: Income Solutions® personalized, no obligation, immediate fixed annuity quotes from leading national insurance carriers.
- College Savings: 529 Insight® helps employees determine how much to save for college, provides the estimated cost of college, and compares 529 college savings plans.
- Advisor Referrals: Hewitt Advisor Connection™ a national network of pre-screened, fee-only (non-commissioned) financial advisors.
Currently providing education and guidance to more than one million employees, the Hewitt Personal Finance Center services a wide variety of employers and can be customized to tailor the topics and programs to employees.
To learn more about Hewitt's Personal Finance Center and how your company can add it to your current employee benefit package, contact your local Hewitt consultant or send us an e-mail.