Employer Resource Center

Generational Influences and Behavioral Finance
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understanding generational attitudes toward investing and the cognitive biases is critical toward helping employees prepare for their financial future. The inherent generational biases and attitudes could lead participants astray, so understanding these differences becomes key to helping employees of all ages improve their financial wellness and prepare for a secure and successful retirement. Boomers Baby  Read More →
Reducing Fiduciary Liability: Key Tips to Follow
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
In 2020, nearly 100 lawsuits alleging breach of fiduciary duty were filed. And with the number of 401(k) lawsuits on the rise targeting plans both large and small, sponsors are well-advised to consider taking additional measures to mitigate fiduciary risk where practicable. Here are a few to consider: Create and follow an IPS While not  Read More →
To Bundle or Not to Bundle: What’s Best for Your Business Is the Question?
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Whether to use bundled or unbundled service providers is an important decision for your retirement plan. A fully bundled arrangement provides an easy, one-stop-shop for services while unbundling separates functions and uses a third-party administrator (TPA), distinct from the recordkeeper. While there is no right or wrong answer to this question, weighing the advantages of  Read More →

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