401k

More Retirees Take the Gold Watch, But Keep Their 401(k) Assets In Plan
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
A recent Fidelity report reveals that over 80% of plan sponsors prefer to allow employees to keep their assets in plan and withdraw them over time. The number of workers aged 55 and older has increased by 74% over the past two decades, prompting plan sponsors to focus more on how participants transition from saving  Read More →
The Power of Small Data for Retirement Plan Sponsors
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
As a plan sponsor, you probably spend a fair amount of time dealing with it one way or another — whether you’re gathering, analyzing, or reporting it. And for good reason, given the intrinsic value of data-driven decision making. Much of this data exists on a macro level, including market trends, economic reports, white papers  Read More →
Amazon Faces Allegations of Mismanaged 401(k) Funds
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Amazon.com Inc. and the administrative committee overseeing its 401(k) savings plan have been hit with a class-action lawsuit alleging improper management of employee forfeiture funds. The lawsuit, Curtis v. Amazon.com, was filed in the U.S. District Court for the Western District of Washington and claims that Amazon fiduciaries engaged in self-dealing by using forfeited plan  Read More →

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