Social Media

Wednesday, May 22, 2024

Plexus Financial Services and iGrad Offer Enrich Financial Wellness Program

Plexus Financial Services Partners with iGrad to Offer Enrich Financial Wellness Platform

Plexus Financial Services, headquartered in Deer Park, IL, is excited to announce their partnership with the San Diego-based financial education company, iGrad, to provide the award-winning Enrich financial wellness platform to its more than 25,000 participants.

The Enrich personalized financial wellness program features the Your Money PersonalityTM financial behavior assessment, which analyzes each user’s financial “personality” and then provides guidance on how to correct negative financial behaviors. In addition to this, the platform also offers financial education courses, retirement and home affordability analyzers, student loan and higher education tools, personal finance calculators, and a real-time budget tool.

Allison Winge, Executive Vice President of Plexus Financial Services, emphasized the importance of equipping all employees with a solution that meets them where they are in their financial journey. This will allow them to take control over their finances in the short term in order to achieve long-term retirement goals.

The Enrich platform was selected because of its focus on helping users change behaviors that are impeding financial success. Enrich gets to the root of how the individual user thinks about money, financial stressors, and, most importantly, how to cope with and correct negative financial behavior.

Enrich has seen significant increases in financial wellness among its users. This includes a 35% increase in users who reported that they are on track with saving for their goals, a 14% increase in users who are contributing to their retirement savings plan, a 59% increase in users who had built up an emergency savings of at least three months of living expenses, and a 28% increase in users who pay off credit card debt in full monthly.

The platform also reported that users who reported lower financial stress said that the decrease was substantial – nearly 32%. Nearly 36% attributed that reduction in financial stress to using the Enrich platform.

Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide. It utilizes artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life.

Tim Delaney, iGrad Vice President of Business Development for Enrich, stated that the program uses an interactive, creative, and personalized approach to financial wellness education that is proven to increase engagement, create positive behavior change, and lower employee financial stress. The program helps to meet people where they are at with scale and efficiency and allows the Plexus team to provide additional value as a retirement plan advisor.

About iGrad
iGrad is a San Diego-based financial technology company that provides artificial intelligence-powered financial wellness solutions to more than 2.7 million students at 650 colleges and universities, over 20,000 employers, and over 300 financial institutions. The company’s Your Money Personality™ was recently recognized with the 2020 Excellence in Financial Literacy Education (EIFLE) Adults’ Education Program of the Year award. iGrad is also one of three 2020 honorees in the inaugural Barron’s Celebrates: Financial Empowerment. In addition, iGrad received the 2022 Eddy Award for Financial Wellness by Pensions & Investments for its Enrich platform.

For more information about the Enrich platform for employers and financial institutions, visit To learn more about the iGrad platform, visit

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured Franchise Opportunity

Buffalo Wild Wings

Food Franchises, Restaurant Franchises

Petbar Boutique - Dallas Lakewood

Low Cost Franchises, Pet Franchises

Featured Business For Sale.