Employer Resource Center

Establishing a Financial Wellness Program for Your Employees
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
With defined benefit plans waning and more and more Americans bearing the burden of funding their own retirement, solid financial education has never been so valuable. In fact, roughly 64% of Americans surveyed by the American Psychological Association’s 2015 Stress in America survey cited money as their top stressor, highlighting the far-reaching effects of money  Read More →
Improper Handling of Hardship Distributions May Result in Significant Problems
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
storm clouds
These days, many plans are experiencing an uptick in the number of participant requests for hardship distributions. Much of this increased activity may be attributed to our prolonged and tepid economic recovery. As these requests are considered, you want to be sure not to act to the detriment of your plan. Improper handling of hardship  Read More →
No Beneficiary Designation. Who Gets the Money?
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
piggy bank
According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000¹. Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and  Read More →

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