401k

Retirement Plan Loans: To Borrow or Not to Borrow?
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Although you may have the ability to borrow money from your retirement plan in the form of a loan, please proceed with caution! If you borrow from your retirement account, you may end up causing harm to your financial future. Below are a few of the drawbacks to taking a loan from your retirement plan:  Read More →
Selecting Fiduciaries and Their Responsibilities
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Employers are not required to offer employee benefit plans as part of a compensation package, but they are an advantageous way to attract and retain employees.  Despite their usefulness as a recruiting and retention tool, employee benefit plans carry hidden exposure for your company. If employers offer benefit plans, those plans must comply with the  Read More →
Options for Your Old 401(k) [Video]
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
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When you leave a job, what should you do with your retirement plan? Watch this helpful video from Fidelity to understand your options and decide which is right for you. Securities and investment advisory services are offered solely through Ameritas Investment Corp. (AIC). Member FINRA/SIPC. AIC, Summit Group of Virginia LLP, and Fidelity are not affiliated. Additional products  Read More →

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