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SECURE Act 2.0: Modernizing Retirement Savings
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Investments, Plan Operations & AdminComments are off for this post
In December of 2022, the U.S. Congress passed the Consolidated Appropriations Act, 2023, which contains a large section covering retirement referred to as SECURE 2.0. As a reminder, SECURE 2.0 is seen as building upon or enhancing the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). Like its precursor, this  Read More →
Behavioral Finance and Plan Design: Four Ways to Boost Participation
Team SummitEmployee Outcomes, Employer Resource Center, Plan InvestmentsComments are off for this post
Though many employees are aware that behaviors such as enrolling in and contributing sufficiently to their company 401(k) or 403(b) can help them prepare for a successful retirement, too often they fail to develop the necessary saving and investing habits. One reason for this may be an outsized influence of emotion, biases, and faulty heuristics  Read More →
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 →

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