401k

Empowering Gen Z: Setting Your Youngest Participants Up for Success
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understandably, companies typically devote considerable attention to assisting participants nearing retirement. But the outsized value of early contributions to retirement readiness means employers should also focus on getting their youngest workers enrolled — and contributing — to their workplace retirement plan as soon as possible. So, what do we actually know about Gen Zers’ attitudes  Read More →
How Resuming Student Loan Payments Affects Sponsors
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
As of August 29, 2023, student loan payments have returned after a 3-year pause. What does this mean for plan sponsors? As employees prepare to, once again, deal with the financial burden of student loans, sponsors have an opportunity to help lessen the load and ensure retirement contributions don’t fall by the wayside. One way  Read More →
Corporate Mergers & Acquisitions: What About the 401(k)?
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
In a corporate merger or acquisition, the ongoing treatment of both the seller’s and buyer’s retirement plans come into question, so it’s crucial to understand how different types of business transactions can impact both plans. If left unaddressed prior to close, many benefit issues could result in either ruining the deal or creating untold compliance  Read More →

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