Employee Outcomes

Repay Student Loans or Save for Retirement? It Doesn’t Have to Be a Tug of War
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Many employees feel squeezed to both pay off their debt and save for their future. A recent Private Letter Ruling (PLR) opens the door for employers to help them. The average student graduating in 2016 has $37,172 in student loan debt.¹ According to the New York Federal Reserve, more than two million student loan borrowers  Read More →
Beyond the Plan: Providing Retirement Income Options for Employees
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Defined contribution plans have become the most popular employer-sponsored plans in the United States, with the Department of Labor reporting more than 88 million participants in one of these plans nationwide. However, unlike the previous retirement status quo, the defined-benefit retirement plan, defined-contribution plans don’t provide participants with a steady retirement income; they help workers  Read More →

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