SECURE 2

Survey: Knowledge Gap Drives Retirement Plan Nonparticipation
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
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 →
Employer-Supported Emergency Savings Features: Plan Sponsor Considerations
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Employees, particularly those early in their careers, are worried about their ability to handle major, unexpected expenses. According to a new CAPTRUST report, emergency savings is the top financial concern for workers aged 18-30 and ranks among the top three worries for older employees. For employers, this finding highlights a broader business challenge, as employees’  Read More →

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