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Financial Well-being Playbook Step 2: Implement a Plan

Create a financial well-being plan customized to the unique challenges discovered in the assessment.


After developing awareness of the employees’ top financial challenges, review them in the framework of your financial well-being philosophy to determine areas of focus for your organization. There are many resources available in this space and the landscape changes often; consult your dedicated Marsh McLennan Agency team for assistance.

If your organization works with a third-party provider, such as the ones listed below, it is important to involve the recordkeeper as you develop and implement your plan. They may have an existing relationship with a vendor and/or be able to integrate services to boost the employee experience and provide the organization with better data.


Your employees can take ownership of their financial journey with the help of these useful tips and resources.



You can create a financial well-being program in-house by leveraging resources from existing providers like your recordkeeper, insurance carrier, and employee assistance program provider. Your Marsh McLennan Agency service team can help you create a plan to put together these resources. 

  • Medical carriers may offer varying levels of financial well-being education
  • Some Employee Assistance Programs offer financial education and assistance
  • Partner with a local financial planner to provide group education to employees
  • Share Marsh McLennan Agency’s financial well-being video channel
  • Partner with your local bank or financial institution
  • Establish messaging to let employees know you care about their financial well-being; leverage Marsh McLennan Agency’s “We Care” Communication Toolkit resources for financial well-being
  • CFPB Consumer Education
  • Provide unbanked employees with a pay card that offers a savings feature to promote savings 

Hire a third-party service provider to provide solutions focused on the problems you have identified—or provide a holistic platform to cover all areas of financial well-being.

These programs offer web- and app-based education, financial assessments, goal setting and monitoring. Some vendors also offer financial coaching.

These programs offer online education and assistance with student loan debt repayment.

Retirement program participants often need assistance with savings and investments. A managed account solution provides investment expertise and assistance with retirement plan accounts.


  • Create a budget and track your income and expenses
  • Spend less money than you make each month
  • Build an emergency fund
  • Pay down any non-mortgage debt
  • Manage expenses if you are trying to get out of debt and/or save more
  • Contribute at least enough to get your company’s 401(k) match, if one is offered in your retirement plan
  • Increase your contribution rate every year to the retirement plan – experts recommend saving between 10 - 15% of pay 
  • Explore assistance programs such as and to connect to support