401k

Engaging the TikTok Generation on Retirement
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Nearly a quarter of all Gen Z employees aren’t enrolled in a company retirement plan, according to BenefitsPro. That’s three times the rate of millennials, Gen X, and Boomers. In addition, 12% of Gen Zers don’t take advantage of any workplace benefits at all, twice the rate of other generations. Here are ways plan sponsors  Read More →
Don’t Take Forfeitures for Granted
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Retirement plans have long subjected employer contributions to vesting schedules, rewarding tenure by increasing the participant’s ownership in those contributions in proportion to their years of service. However, several law firms have recently challenged this long-standing and common practice, arguing that using forfeitures to offset employer contributions is not in the best interests of participants  Read More →

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