403b

401(k) or 403(b)? Best Choice for a 501(c)(3) Nonprofit Organization
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
403(b)s and 401(k)s share more similarities than they do differences, however the glaring difference is that 403(b)s are exclusive to nonprofit organizations. Many think that nonprofits must utilize a 403(b) when choosing a retirement plan vehicle for their employees, but this is a commonly held misbelief. In fact, many nonprofit organizations have established 401(k)s in recent  Read More →
Lost & Found: Locating Missing Participants
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
At one time or another all plan sponsors will likely be in the position of having to locate missing participants. This may be related to delivery of regulatory required communications, distributing of assets, or communicating fund changes to active and/or terminated participants. If the delivery of necessary communications is encumbered because a participant cannot be  Read More →
Employer-Sponsored Retirement Plans
Team SummitEmployee Financial Resource Center, Retirement PlanningComments are off for this post
Planning for retirement can be confusing, but it is worth the effort, especially when retirement plans are sponsored by your employer. Familiarize yourself with the different types of employer-based plans to better understand your retirement options When companies offer employer-sponsored retirement plans, it can be a powerful recruitment tool for potential employees. In general, most  Read More →

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