retirement savings

The Retirement Savings Glass Is Only Half Full For Women
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
According to recent data from the National Council on Aging and the Women’s Institute for a Secure Retirement, nearly half of women ages 25 and older lack access to a tax-advantaged, employer-sponsored retirement plan. Digging Deeper into the Data The top reported financial concerns among women, alongside insufficient retirement savings, include housing costs, Social Security,  Read More →
Empowering Gen Z: Setting Your Youngest Participants Up for Success
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understandably, companies typically devote considerable attention to assisting participants nearing retirement. But the outsized value of early contributions to retirement readiness means employers should also focus on getting their youngest workers enrolled — and contributing — to their workplace retirement plan as soon as possible. So, what do we actually know about Gen Zers’ attitudes  Read More →
Speaking of One Percent: Nudging Employees to Save More
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Since the contribution limits were recently raised by 10% for 401(k), 403(b), and most 457 plans (to $22,500), we thought now might be a good time to share creative ways to communicate to your participants the benefits of increasing contributions to their retirement plan. These new, higher limits could strengthen their retirement goal, but participants  Read More →

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