Waddell & Reed Financial Fitness Program Featured in Federal Research Centre Reserve
San Jose, CA (BUSINESS WIRE) 16 August 2011
In October 2009, Dr. Kelly Edmiston, Senior Economist in the Department of Community Affairs, Federal Reserve Kansas City (FRB) published the results of their three-year project report, titled “Weighing the effects of financial education at the workplace “. Use of Waddell & Reed Financial Wellness Program as a primary source for the research, says the study shows that “programs in the companies in our study had some important successes did, and the results show that financial education on workplace services for corporations, have implemented the program, and for program participants. “
According to the study, when offered in the workplace, has financial education has been shown to have many positive effects on the lives of employees and employers’ bottom lines. These effects include increased participation and contributions to pension plans by employers, the increased use of flexible spending accounts, employee productivity and greater employee satisfaction with financial situation promoted. In addition, there were declines in applications for the 401 (k) loans have been paid and the progress seen with declining wage garnishments, theft, embezzlement, absenteeism, violence, accidents and the overall level of financial charges connected with employees. In view of the Waddell & Reed Financial Wellness Program, the study came Edmiston “The results of this survey and interviews show considerable success in the financial education program that we studied.”
For more information on the FRB study, please visit the website at: http://www.kansascityfed.org/publicat/cap/carwp09-01.pdf
The goal of the wellness program is Waddell & Reed Financial help employees, the awareness of where they are economical, provide education to establish financial goals and to empower them to change their behavior in order to achieve these goals. At a time when many people experience a reduction in benefits and mentioned in the rule for its financial situation, many employers are examining the potential benefits of these programs, financial well-being.
founded in 1937, Waddell & Reed has more than 250 offices nationwide has grown. The company offers a wide range of investment products and services and a variety of insurance products through distribution partnerships with insurance companies. For more information about Waddell & Reed Financial Wellness Program, contact Delbar Jahanian CMFC 408-963-2872 or visit http://www.delbar.wrfa.com.
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