401k

Plan Protection: Fidelity Bond vs. Fiduciary Insurance
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Plan sponsors often ask, “Is an ERISA fidelity bond the same thing as fiduciary liability insurance?” The answer is no, they are not the same. The two insure different people and have different requirements under the terms of ERISA. Purchasing a Fidelity Bond Generally, every fiduciary and anyone who handles funds or other property of  Read More →
Rebalancing Your Portfolio
Team SummitEmployee Financial Resource Center, Investment ManagementComments are off for this post
As a participant in the company’s retirement plan, you are committed to saving for your future. Whether you are retiring in a few weeks or a few decades, you may need to protect your investment. A healthy way to do this is to rebalance your portfolio. What is rebalancing? Rebalancing is readjusting your portfolio back  Read More →
Beyond the Plan: Providing Retirement Income Options for Employees
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Defined contribution plans have become the most popular employer-sponsored plans in the United States, with the Department of Labor reporting more than 88 million participants in one of these plans nationwide. However, unlike the previous retirement status quo, the defined-benefit retirement plan, defined-contribution plans don’t provide participants with a steady retirement income; they help workers  Read More →

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