Employer Resource Center

Fiduciary Hot Topics – Q4 2024
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Hot off the presses! The latest installment of Fiduciary Hot Topics has arrived! With so much happening in the retirement plan landscape, read on for a summary of current industry legislation and updates that may impact your organization’s retirement plan. Final and Proposed RMD Rules Answer Some Questions, Raise Others On July 18, 2024, the  Read More →
Protecting Benefit Plans from Cybersecurity Threats
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Many plan sponsors focus on external cybersecurity threats, such as hackers attempting to breach their systems, but disgruntled employees can also pose a risk. Recently, the Department of Labor (DOL) extended the scope of its cybersecurity guidelines to include all Employee Retirement Income Security Act (ERISA) plans, which include retirement, health, and welfare programs. This  Read More →
IRS Issues Guidance on Student Loan Matching
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Thirty percent of adults in the U.S. report having received a student loan to further their education. According to the Federal Reserve, the median student loan debt for those with outstanding balances in 2023 ranged between $20,000 and $25,000. To help ease this financial burden, employers are increasingly offering a match toward student loan repayments  Read More →

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