financial literacy

How Employers Can Help Close the Racial Retirement Wealth Gap
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Recent research conducted by Economist Impact highlights a significant discrepancy between white and Black workers’ retirement confidence. While half of white respondents feel confident about retiring by the federal retirement age, only 39% of Black survey takers share this sentiment. Older Black workers (ages 51-64) face even greater uncertainty, as they’re the least likely to  Read More →
Avoiding Social Media Pitfalls in Retirement Planning
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Americans are increasingly getting financial and retirement planning guidance from social media, risking exposure to misinformation, harmful advice, and outright scams. Alarmingly, this includes almost eight in 10 millennials and Gen Zers. Workers turning to these platforms can undercut the benefit of employer-sponsored financial wellness initiatives and put themselves at risk. But there are ways  Read More →
Employees Want Financial Planning Support – And Aren’t Afraid to Ask For It
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Financial stressors including stubbornly high inflation and historic levels of credit card debt continue to impact workers across a wide range of income brackets. Twenty-eight percent of full-time employees often or always run out of money between paychecks, as do 15% of those who earn $100,000 or more per year, according to PwC’s 2023 Employee  Read More →

You are now leaving Summit Group 401(k) Consulting

Summit Group 401(k) Consulting provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Summit Group 401(k) Consulting, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL