Employer Resource Center

Preventing Uncashed Retirement Checks
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Managing uncashed retirement checks may be considered a nuisance by plan administrators. Nevertheless, the employer still has fiduciary responsibility when a former employee fails to cash their distribution. Search efforts to locate a missing plan participant consume time and money and may fail to locate the participant. Likewise, going through the process of turning over  Read More →
Is Your Turnover Rate Routine? What You Need to Know About Partial Plan Terminations
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
During your retirement plan’s annual year-end compliance testing, your recordkeeper will review employee terminations to determine whether the plan may have experienced a partial plan termination. A partial plan termination is presumed by the IRS to occur when 20 percent or more of a company’s employees are no longer eligible to participate in the plan  Read More →

You are now leaving Summit Group 401(k) Consulting

Summit Group 401(k) Consulting provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Summit Group 401(k) Consulting, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL