plan administration

Employee Data Faces Increased Regulatory Scrutiny
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
Retirement plan sponsors are well accustomed to fiduciary obligations around investment selection, fee reasonableness, and plan administration. Increasingly, however, another consideration has been drawing regulatory attention: how participants’ personal and financial data is collected, used, and shared by the service providers that help run the plan. What a GAO Report Found In a February 2026  Read More →
Beyond Compliance: Make Every Comm Count
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & Admin
Effective retirement plan communications do more than just meet DOL requirements; the best ones engage, educate, motivate, and empower participants. Optimize your communications to connect with employees on a personal level, encourage informed decisions, and foster more active engagement with their retirement plan and their financial future. Effective, empathic communications help build a foundation of  Read More →
Provider Consolidation in the Retirement Plan Market: Impacts for Sponsors
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
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 →

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