401k

Borrowing Against Your Retirement: More Costly Than You Think!
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Participating in the company’s retirement plan is a smart and important decision! Smart because you are putting away small amounts today for a comfortable retirement later. As your account begins to grow, it may be tempting to “dip into” your retirement savings by taking a loan against your retirement plan to pay your annual taxes,  Read More →
Unraveling Plan Fees
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
You already know that a fiduciary must act solely in the interest of the plan participants, their beneficiaries and alternate payees to ensure that only reasonable expenses are being paid. The big question is: how do you know if plan fees contained within 408(b)(2) disclosures are reasonable? Benchmarking your retirement plan fees is a vital  Read More →
Summer Homework for Fiduciaries
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
As you bask in the glory of summer over the next couple of months, don’t forget the three Fs that define this cherished season — fun, fireworks, and fiduciary! While you’re enjoying the fruits of summer, don’t forget your fiduciary responsibilities! Ask yourself the following questions to make sure you are on top of your  Read More →

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