retirement

PEPs Demonstrate Benefits for University Plan Sponsors
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
When it comes to higher education institutions, pooled retirement plan structures offer a wide range of benefits, including exposure, as well as fewer administrative functions and more opportunities to provide educational resources, according to new research. Pooled employer plans are more likely than single-employer plans to enable university faculty and staff, particularly for those who  Read More →
Surging Credit Card Debt: Strategies for Employers to Help Bolster Retirement Readiness
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
With U.S. credit card debt recently soaring to a record high of $1.08 trillion, employers face a pivotal moment. This staggering amount, a $48 billion escalation since the second quarter and a $154 billion increase year-over-year, is a cautionary signal for Americans’ financial stability. The compounding pressures of post-pandemic recovery and inflation have pushed household  Read More →
Proposed Legislation Aims to Help Young Workers Put Time on Their Side
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Retirement planning often directs attention toward mid-career 401(k) participants and those nearing retirement — and understandably so, given their tighter timeline to secure post-retirement financial stability. But what about the youngest members of the workforce — the 18- to 20-year-olds, or those even younger? This demographic faces a potentially more challenging economic outlook than their  Read More →

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