TOWSON, Md., Jan. 23, 2020 /PRNewswire/ -- Greenspring
Advisors, the 2018 PLANSPONSOR Retirement Plan Adviser of the
Year-Small Team, has released the results of "Seeking
(k)larity®: A Comprehensive, Multi-Dimensional Look at Employee
Financial Wellness & Well-Being". The survey
evaluates employees' feelings and attitudes towards issues such as
financial stress, goals and concerns, budgeting and debt,
retirement confidence, saving and investing, advice and support,
and managing risk.
Conducted in May 2019, the
survey:
- Provides a comprehensive, multi-dimensional assessment of
employee perceptions about their financial well-being
- Includes more than 70 questions, with responses gathered from
1,872 U.S.-based employees of Greenspring Advisors' corporate
retirement plan client base
- Found that by every measure, financial stress has a negative
impact on people's feelings, perceptions, levels of confidence, and
financial preparedness
"Seeking (k)larity® reveals that 45% of people experience
regular financial stress which affects their satisfaction,
engagement, productivity and alignment," said Joshua P. Itzoe, CFP®, AIF®, Partner &
Managing Director of Greenspring Advisors. "Gender, age, and
income significantly influence attitudes, perceptions, and
preferences. These results show the need for more
comprehensive, customized, and personalized approaches.
Addressing these different groups, employers can drive better
outcomes for their employees, lower direct and indirect costs, and
meet the evolving needs of their people."
The full survey results can be downloaded by visiting
www.greenspringadvisors.com/seekingklarity.
Greenspring Advisors, established in 2004, is one of the top
five largest registered investment advisory firms in Maryland, and was built on the fiduciary
principle that the client comes first. Greenspring is an
independent, fee-only firm that specializes in providing investment
advisory services to retirement plan fiduciaries, foundations, and
endowments; and comprehensive wealth management services and
financial planning to private investors. The firm has offices
in Towson, MD and in Paramus, NJ.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/greenspring-advisors-reports-financial-stress-for-those-making-under-50k-300991733.html
SOURCE Greenspring Advisors