Employer Resource Center

UPDATED: 2018 Retirement Plan Limits
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
In late October, the Internal Revenue Service (IRS), in conjunction with the Social Security Administration (SSA), graced us with the much-anticipated Retirement Plan Limits for 2018, which provided a small bump in 401(k) Elective Deferrals from $18,000/year to $18,500/year. The original announcement also included a slight increase in the FICA Taxable Wage Base from $127,200 in  Read More →
Washington Update: Slow-Moving Fiduciary Rule Partially Delayed
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Over the past decade, we’ve heard rumors of a new definition of “fiduciary” and saw the Department of Labor (DOL) issue proposed regulations, then withdraw those regulations, collect comments, reissue a new set of proposed regulations, and issue final regulations. President Trump called for examination of the final regulations, the effective date of the final  Read More →
Five Ways to Expand Your Definition of “Benefits” to Include Wellness
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
When we think of employee benefits in today’s traditional landscape, we don’t typically include wellness within that core definition. Instead, wellness is often considered a standalone strategy. But this can be a disastrous scenario, considering how employee benefits and well-being go hand in hand. Most employees think of the two as the same and expect  Read More →

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