401k

Late to the Retirement Savings Game? [Infographic]
Team SummitBudgeting & Debt, Employee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
With a little planning and a commitment to saving, it’s never too late to get ahead. Here’s how:   No retirement plan can ever work if you spend everything you make. While it may seem like a sacrifice now, trimming anything out of your budget that isn’t a necessity will free up money to bankroll  Read More →
Improving Automatic Enrollment
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Our research shows that the vast majority of plan sponsors recognize that automatic enrollment has been effective in improving plan success and simplifying internal plan administration. Could automatic enrollment’s success be improved upon? When automatic enrollment first began gaining popularity, about 20 years ago, its typical design served a number of purposes. It improved plan  Read More →
Increase Retirement Plan Contributions Without Impacting Your Lifestyle
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
One of the best times to think about increasing your retirement plan contributions is when you get a raise. Any time you earn a raise, you have the opportunity to increase your retirement savings or begin saving for retirement without impacting your current lifestyle. Additionally, if your company offers a match, you may be able  Read More →

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