.webp)
Financial challenges weigh heavily on many Americans in today's workforce, and the employees of PPL, a major electric utility company, were no exception. For these workers, financial concerns were more than just abstract worries—they were daily realities. PPL saw some employees grappling with the financial stress of a rising costs of living, personal debts, and saving for the future. Some faced difficult tradeoffs between immediate needs and long-term financial security. It became clear to PPL that action was needed to ease financial stress and support their employees' overall well-being.
Their answer? Strengthening their partnership with Your Money Line, a financial wellness benefit that had already significantly improved the financial lives of employees at LG&E, one of PPL’s subsidiaries.
“We find lots of value in focusing on financial wellness across our entire company,” said Katelyn Jakoby, Health and Wellness Associate at PPL. “If you are struggling financially, it can take a toll on your emotional and physical well-being, which is why we focus on making sure every employee is healthy and well.”
The impact of the program extended beyond immediate financial concerns. PPL recognized that addressing financial wellness was crucial for both current productivity and long-term workforce planning.
"We know that financial stressors can cause a lot of issues in the workplace. It can lead to absenteeism and can also decrease the ability to retire.”
-Katelyn Jakoby, Health and Wellness Associate at PPL.
By providing comprehensive financial guidance, PPL aimed to support employees at all stages of their careers, helping them navigate both day-to-day financial challenges and long-term financial planning.
PPL's partnership with Your Money Line quickly began making a difference. Sarah, a PPL employee, faced the financial challenge of supporting two children—one in undergrad and the other in grad school—while also planning for her own retirement. Overwhelmed at first, Sarah worked with a Your Money Line Financial Guide to craft a plan that allowed her to fund her children's education without compromising her retirement goals.
Another employee, unsure if she could afford to retire, sought advice after attending a talk held by Your Money Line CEO, Pete the Planner®. With personalized coaching, she realized retirement was within reach. Just weeks later, she retired, free from the financial stress that once seemed insurmountable.
PPL was impressed by the collaborative support provided by Your Money Line. The client success team consistently offered tailored solutions, anticipating PPL’s needs and delivering effective strategies for engagement, reporting, and marketing.
“What I love about Your Money Line is their proactive approach,” said Katelyn. “They listen, provide thoughtful solutions, and have helped us succeed in everything we’ve asked for.”
PPL also values the long-term support Your Money Line provides compared to traditional Employee Assistance Programs (EAPs). While EAPs offer short-term aid, Your Money Line offers continuous, lasting assistance that helps employees build financial stability over time.
“Having both an EAP and Your Money Line is crucial,” Katelyn explained. “Your Money Line offers ongoing support that ensures employees can achieve lasting financial well-being.”
Your Money Line has become a cornerstone of PPL’s employee wellness strategy. Through personalized financial guidance and long-term support, the program has helped employees reduce stress, regain control of their finances, and reach significant milestones such as retiring earlier or funding their children’s education.
PPL’s investment in financial wellness has enhanced employee satisfaction, productivity, and retention. When employees feel financially secure, both they and the company thrive.
