403b

Increasing Employee Retirement Contribution Participation
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
As a retirement plan sponsor how can you encourage your employees to save – and save more? Improving both employee participation and their saving rates is easy when you’re prepared. Here are four simple ways you can help your employees start building a confident retirement. Boost Employee Participation with Automatic Enrollment Choosing to automatically enroll  Read More →
Borrowing Against Your Retirement: More Costly Than You Think!
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Participating in the company’s retirement plan is a smart and important decision! Smart because you are putting away small amounts today for a comfortable retirement later. As your account begins to grow, it may be tempting to “dip into” your retirement savings by taking a loan against your retirement plan to pay your annual taxes,  Read More →
Unraveling Plan Fees
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
You already know that a fiduciary must act solely in the interest of the plan participants, their beneficiaries and alternate payees to ensure that only reasonable expenses are being paid. The big question is: how do you know if plan fees contained within 408(b)(2) disclosures are reasonable? Benchmarking your retirement plan fees is a vital  Read More →

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