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HR leaders concerned that employees struggle to stay productive at work due to outside financial stressors Amid economic obstacles, employees continue to scale back on retirement... | June 6, 2023
25% of HR leaders said they are cutting back on employee financial benefits to prepare for a recession, a Morgan Stanley at Work study reveals.
Plan sponsors providing a 401(k) benefit share their thoughts on working with a plan adviser as well as their top concerns.
Two-thirds of employees have reduced their savings contributions, with a third having reduced their 401(k) contributions, blaming financial instability.
The bank's 'Project Genome' aims to convert corporate retirement and E-Trade clients to its wealth business.