retirement plan

Employee Stock Ownership Plans (ESOPs): A Detailed Introduction
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
The basics: The ESOP is essentially a stock bonus plan in which employer stock may be used for contributions. How It Works Employer contributes company stock or cash to the plan. Employer contributions are tax deductible. Contributions are not taxed currently to the employee. Earnings accumulate income tax-deferred. Distributions are generally taxed as ordinary income.  Read More →
Do Specialty Funds Belong in a Retirement Plan?
Team SummitEmployer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
Recent trends in the retirement plan industry reveal an increased expansion of offerings from plan providers. Not only are plan providers offering more investments, but also a broader range of investments. Many plan providers offer over 100 different options across a wide spectrum of asset class categories, of which approximately 15 percent are considered specialty  Read More →
Cryptocurrency 101
Team SummitEmployee Financial Resource Center, Investment ManagementComments are off for this post
CryptoCurrencies, Blockchain, Hash Generator, BTC, Ethereum….   **Due to the complexity and speculative nature of this product, it is currently not available through Summit Group of Virginia or our Broker Dealer. This information is provided for educational purposes and should not be construed as investment advice. Information is gathered from sources believed to be reliable;  Read More →

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