Financial Wellness Services Clause Samples

Financial Wellness Services. Contractor’s financial wellness program provides participants with tools and services to review overall financial wellness including the ability to assess total assets and liabilities and access tools that allow participants to complete a personalized online assessment, the output of which provides the user with ideas on the next steps they can take to address financial concerns they identified when completing the assessment and educational resources to learn more about financial topics of interest, including a learning center with educational content on certain financial wellness topics. Contractor or its affiliates may make financial education consultants available to participants to provide financial wellness consultations and may contact participants to offer financial wellness consultations as agreed to by the participant. Consultations involve topics such as (but not limited to): budgeting, saving, student debt, debt prioritization, life insurance, managing investments and consolidating assets. Contractor’s financial wellness tools, services and consultations may include information on financial products and services made available by Contractor or third-party providers if such information is requested or agreed to by the participant. Participants may pay fees if they choose certain products. Contractor may receive fees and other payments from the products selected by participants. More information on the applicable financial wellness products and the fees and payments that may be received by Contractor is available upon request. County may opt-out of specific services and products offered to participants as described in this paragraph upon notice to Contractor, and County acknowledges that in doing so there may be impacts to the availability of certain other tools offered to Plan participants under the financial wellness program.