Employee Outcomes

Loss Aversion and Fighting Fear
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Loss aversion sounds like a good thing — trying to avoid losing. What could be wrong with that? Unfortunately, if taken too far, it can actually be a threat to retirement plan participants’ long-term financial health. Loss aversion is the tendency to prefer avoiding potential losses over acquiring equal gains. We dislike losing $20 more  Read More →
Ten Reasons to Roll Over Into Your Plan vs an IRA
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Chances are, you have employees with assets in a prior employer’s retirement plan. When new employees are hired, often times wading through health insurance paperwork and tax forms take priority over doing something about their old 401(k). It can become a forgotten piece, until something sparks the desire to take action – perhaps receiving a  Read More →
Effective Employee Education: Setting the Framework
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Fiduciary duty requires you to provide your employees and participants with educational opportunities so they can make informed investment decisions. It’s not always easy to know what your participants need, want, or will take advantage of.  However, using a simple framework for your educational program may increase its effectiveness among employees. Provide a consistent, ongoing  Read More →

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