retirement plan

Portability Services Network Expands Impact
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According to a recent release, the Portability Services Network (PSN), which began with three of the biggest recordkeepers in the country just over a year ago, has now grown to include three additional providers, covering over 15,000 retirement plans and 5 million members. For employees with balances under $7,000, PSN, led by Robert L. Johnson’s  Read More →
Increasing 401(k) Balances Can Bring Increased Stress
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity. At the same time, retirement savers overall experienced three consecutive quarters of growth — and that’s good news for many investors. However, a Vanguard analysis of its plans also shows a concerning  Read More →
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 →

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