retirement plan

Fiduciary Hot Topics – Q4 2024
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Hot off the presses! The latest installment of Fiduciary Hot Topics has arrived! With so much happening in the retirement plan landscape, read on for a summary of current industry legislation and updates that may impact your organization’s retirement plan. Final and Proposed RMD Rules Answer Some Questions, Raise Others On July 18, 2024, the  Read More →
IRS Issues Guidance on Withdrawals for Domestic Abuse Victims
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
In late June, the IRS issued a notice providing critical guidance on early withdrawal penalty exemptions under the SECURE 2.0 Act. The law includes significant provisions for individuals experiencing domestic violence, an issue that has affected millions across the U.S. According to the Centers for Disease Control and Prevention (CDC), one in four women and  Read More →
Cybersecurity and How to Deal with Data Breaches as a Plan Sponsor
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Retirement funds are a target for cybersecurity attacks and identity fraud more than ever before. For most people, their retirement account is one of their biggest assets and they rarely check it. This makes these accounts a prime target for cybercriminals. Data breaches with recordkeepers are common. Last month 1,833 Walmart participant 401(k) plans were  Read More →

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