401k

Consideration: Offering a Phased Retirement Program
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Phased retirement includes a range of flexible retirement approaches that would allow employees approaching normal retirement age the option to reduce the hours worked while phasing into complete retirement. For employees, a phased retirement may be seen as a benefit by many older workers. It allows them to gradually ease into retirement while maintaining a  Read More →
New e-Delivery Standards Aim to Reduce Burden and Expense of Notice Distribution
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
The final version of the Department of Labor’s new rules regarding electronic delivery of required notices was published this past May and took effect July 27th. These new rules will greatly reduce the burden and expense of delivering required participant notices. Many notices may now be posted to a website or provided via electronic mail  Read More →
Back to School for Fiduciaries
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Can you hear the bells ringing? (Or Zoom call dinging?) It’s that time of year to review your to-do list of fiduciary responsibilities. Fiduciary education is critical. Ask yourself the following questions to make sure you are on top of your responsibilities and liabilities. If not, it’s time to start studying! Are you practicing procedural  Read More →

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