Employee Outcomes

More Retirees Take the Gold Watch, But Keep Their 401(k) Assets In Plan
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
A recent Fidelity report reveals that over 80% of plan sponsors prefer to allow employees to keep their assets in plan and withdraw them over time. The number of workers aged 55 and older has increased by 74% over the past two decades, prompting plan sponsors to focus more on how participants transition from saving  Read More →
The Power of Small Data for Retirement Plan Sponsors
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
As a plan sponsor, you probably spend a fair amount of time dealing with it one way or another — whether you’re gathering, analyzing, or reporting it. And for good reason, given the intrinsic value of data-driven decision making. Much of this data exists on a macro level, including market trends, economic reports, white papers  Read More →
The Part-Time Retirement Plan Participant
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
The SECURE Act and SECURE 2.0 have increased many part-time employees’ access to employer-sponsored retirement plans. As such, understanding the unique challenges of improving part-time participants’ retirement readiness, and how their needs may differ from those of full-time employees, is essential for sponsors. Common Reasons for Part-time Employment Part-time employees work fewer hours for a  Read More →

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