It’s time to put financial
wellness front and center
As the world recovers from the pandemic, financial planning is more important than ever. The challenges that were apparent before, such as lack of emergency savings, increasing caregiving demands, and debt management, worsened for American workers. So, it’s vital to connect them with timely, professional guidance.
Financial Wellness Solutions are a must-have for you and your workers
45 million borrowers collectively
owe nearly $1.7 trillion in student loan debt in the U.S.¹
which prevents them from successfully saving for retirement or addressing emergency financial matters.
American workers have reduced or exhausted their emergency savings because of the pandemic.²
1 in 4
of working parents say
they’re struggling to keep up
with caregiving needs.³
Prudential is here to help
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Speak with your advisor or contact your Prudential representative!
Together, we can help your workers adopt behaviors that help them make the right financial decisions today, so they can plan for tomorrow.
Our Financial Wellness programs are designed to help participants and organizations overcome the barriers they’re facing, so they can stay on track even when the unexpected happens.
1 Friedman, Zack. Student Loan Debt Statistics In 2021: A Record $1.7 Trillion. Forbes, February, 2021.
2 Prudential: Road to Resiliency: The Role of the Workplace. November 2020.
3 Prudential May 2020 Financial Wellness Census.
This material is intended to provide information only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing this information, Prudential Retirement® is not acting as your Fiduciary as defined by the Department of Labor or otherwise. If you need investment advice, please consult with a qualified professional.
Financial Wellness offerings, including access to any third-party referrals, are provided by Prudential Workplace Solutions Group Services, LLC (“PWSGS”). PWSGS is an affiliate of Prudential Financial, Inc. PWSGS is not a licensed insurance company, does not provide insurance products or services, and does not provide financial, investment or tax advice. The Financial Wellness offerings are made available solely for general financial education purposes. Individuals should consult appropriate professionals when making financial, investment and tax decisions. Financial Wellness offerings, including any products, services or other solutions, described in this document are voluntary, individually-selected offerings. They are not part of any employee benefit plan, or any program sponsored or endorsed by an employer.
Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates. PRIAC is a Prudential Financial company.
© 2021 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
In partnership with Vault, Prudential provides a simple solution to Student Loan Assistance so individuals, friends, and family can refinance student loan debt, pay loans faster, or lower monthly payments.
Vault also includes a feature that allows workers to convert unused paid time off into money that can be put toward student loans.
The student loan assistance services are provided by Student Loan Benefits, Inc., doing business as Vault. Vault is a third-party provider that is independent from Prudential and
Student loan assistance services are provided through a voluntary, individually selected program that is not a group insurance product and is not part of any employee benefit plan.
Access to GreenPath debt management services is provided through Prudential Workplace Solutions Group Services, LLC (“PWSGS”). GreenPath is independent of and not a subsidiary or affiliate of Prudential.
Debt Management and credit counseling services are not part of any employee benefit plan and are provided through a voluntary, individually selected program that is not a group insurance or a retirement product. Access to Financial Wellness products, services, seminars and tools is not conditioned upon the purchase of insurance or retirement products or services from any Prudential company.
Prudential participants get a free 30- to 60-minute credit counseling and debt management session to help them define their financial goals and create a plan to become debt free.
Participants can also choose to enter a Credit and Debt Management Plan for a monthly fee.
Decreasing debt can help your workers save more for the future.
Our caregiving solution, offered through
Wellthy, helps workers care for their loved
ones, connecting families with dedicated
care professionals who will help manage
elder care, special needs support, health
care and childcare.
After-tax contributions withdrawn are generally tax free. However, if you withdraw money from the after-tax account, it will include a pro rata share of the earnings from investments. Investment earnings are taxable as income upon distribution, and a 10% early withdrawal penalty on earnings may apply. The early withdrawal penalty will need to be addressed when filing your next tax return. You should consult a tax advisor when considering taking any withdrawals from retirement accounts. Keep in mind that Prudential does not give tax advice. Contributions may be subject to certain limits and distribution rules and restrictions may apply. Refer to your plan highlights for more information.
Prudential offers an after-tax and emergency savings feature that provides an alternative to raiding retirement savings or other less-than-optimum ways to finance an emergency.
You can help protect your workers’
financial wellness in case of another
downturn by offering payroll contributed,
after-tax emergency savings.
Credit Card Debt
Student Loan Debt
Credit Card Debt
Student Loan Debt
credit card and/or student loan debt,
When workers decrease their debt, they’re more apt to have money to put away for their future. Many working Americans have
helps them prepare for and manage unexpected expenses. As it can be built into your retirement plan, it’s already integrated to the participant experience.
In-Plan Emergency Savings Feature*
Emergency Savings can help workers save for life’s unforeseen events without tapping into their retirement account. Our
These challenges existed before COVID-19, but have compounded during the pandemic, forcing many
to make the difficult decision to
leave the workforce.
Many American workers often struggle to balance careers with
For smart plan design, an income-for-life strategy, and financial wellness solutions, count on Prudential.
We help ensure every American worker has
a retirement they can count on
The Way Forward is a financial wellness package of solutions to help workers emerge from the pandemic financially stronger
We make it easy
for you to provide a comprehensive financial wellness offering
We have a holistic Financial Wellness framework that keeps employees engaged and focuses on driving the best outcomes.
workers and help them achieve their financial wellness goals
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