retirement plan

SECURE 2.0 Plan Amendments Are Due by Year-End
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
Qualified retirement plans must adopt written amendments for SECURE 2.0 changes by December 31, 2026. The deadline applies broadly, and even plans that elected no optional provisions must amend for mandatory changes like the increase in the required minimum distribution age. Collectively bargained plans have until December 31, 2028, and governmental plans until December 31,  Read More →
Women’s Savings in Focus
Team SummitEmployee Outcomes, Employer Resource Center
Recent research paints an encouraging picture of women’s financial engagement: most women are actively saving, feel confident about their finances, and prioritize long-term financial security. The data also reveal some opportunities around confidence, strategies, and obstacles that education, guidance, and employer-sponsored benefits can help close. For plan sponsors and advisors, it may be worth considering  Read More →
Survey: Knowledge Gap Drives Retirement Plan Nonparticipation
Team SummitEmployee Outcomes, Employer Resource Center
Among people who choose not to participate in their employer-sponsored retirement plan, many cite a lack of understanding as the primary reason, according to recent surveys. Regulatory mandates have attempted to harness the power of automatic features and strengthen retirement readiness. SECURE 2.0 requires 401(k) plans established on or after December 29, 2022 to automatically  Read More →

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