retirement savings

The Part-Time Retirement Plan Participant
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
The SECURE Act and SECURE 2.0 have increased many part-time employees’ access to employer-sponsored retirement plans. As such, understanding the unique challenges of improving part-time participants’ retirement readiness, and how their needs may differ from those of full-time employees, is essential for sponsors. Common Reasons for Part-time Employment Part-time employees work fewer hours for a  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 →

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