403b

Provider Consolidation in the Retirement Plan Market: Impacts for Sponsors
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Following in the footsteps of many banks and big accounting firms, there’s been a growing trend toward consolidation among retirement plan service providers. But for the most part, less competition hasn’t translated into higher fees for plan sponsors — at least not yet. If anything, the costs for recordkeeping and administrative functions have tended to  Read More →
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 →

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