403b

Cybersecurity Must be a Priority for Plan Fiduciaries
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Most 401(k) plans have access to a large pool of funds, making them an attractive target for cybertheft. While stolen funds are devastating, unauthorized transactions aren’t the only goal of cybercriminals. 401(k) accounts contain a plethora of sensitive personal information that can entice hackers interested in perpetrating identity theft and other forms of fraud. Because  Read More →
Employee Focus: Your Zillennial Workforce
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Who is the “Zillennial” workforce and what do they want? “Zillennials” are individuals born between 1993 and 1998, and according to a recent Met Life survey (“The Rise of the Whole Employee: 20 Years of Change in Employer-Employee Dynamics.”), they are expecting a more holistic benefits package from their employers. The main takeaway from this  Read More →
DOL Brokerage Window Guidance & Cryptocurrency Accounts
Team SummitEmployer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
Recently, the U.S. Labor Department issued new 2022 guidance regarding 401(k) retirement plans that offer, or are considering offering, investments in cryptocurrency and/or self-directed brokerage accounts in their plan menu. This has not been a worry for most plan sponsors, primarily due to a lack of guidance to date regarding the issue of brokerage windows,  Read More →

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