Blogs

Getting financially healthy is much like improving your physical health. Both take dedication, lifestyle changes, a willing mindset, and, often, professional guidance. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2024/04/Employee_Newsletter-Financial_Health_Edition-Q2_2024-1.pdf

https://yoursummit.com/wp-content/uploads/2024/04/Plan_Sponsor_Guide-401_k_Plan_Design_Age_Diverse_Workforce.pdf

Employees late in their careers need information that helps smooth the transition into retirement  We are entering the “Great Retirement” era, where tens of thousands are hitting retirement age daily. By 2030, the entire baby boomer generation will be 65 or older. These hard working and resilient employees were the

Practical tips for Gen X and Millennial workers to save for retirement  Life in the middle can be a pickle—just ask any mid-career employee. They’re often caught between a rock and a hard place, or, more accurately, a kid’s college fund and an aging parent’s medical bills. Add to that

Ways to boost financial confidence and loyalty for Gen Z employees  Have you ever found yourself pondering the classic “If only I could rewind the clock and share some pearls of wisdom with my younger self” scenario? As an employer, you have the chance to share this knowledge with your

Many Americans struggle with money management, regardless of their income. 6 out of 10 adults live paycheck to paycheck, 45% of which are considered high income earners. Check Out this Summit Resource:   https://yoursummit.com/wp-content/uploads/2024/01/Employee-Newsletter-Money-Check-Up.pdf

If you’re like most people, sticking to a budget can be tough. But with a few simple tips, you can make it a lot easier to keep your spending in check. Here are five smart money tips that will help you stick to your budget and stay on track. Check

In today’s digital age, safeguarding your company’s 401(k) plan against cyber threats is crucial. Check Out this Summit Resource:  https://yoursummit.com/wp-content/uploads/2024/01/Plan-Sponsor-Guide-Cybersecurity-Checklist.pdf

Strengthen your financial habits with this effective and organized approach to savings. Check Out this Summit Resource:   https://yoursummit.com/wp-content/uploads/2024/01/Employee-Education-Savings-Buckets.pdf

While your 401(k) plan may not have a chirping reminder, regular reviews, fee benchmarking, and a prudent process are key.  Just as we routinely replace the batteries in our smoke detectors, it’s equally crucial to give your company’s 401(k) plan the attention it deserves.  Often, retirement plans are treated like

A well-organized fiduciary file and comprehensive process can help you meet your fiduciary duties. Check Out this Summit Resource:   https://yoursummit.com/wp-content/uploads/2024/01/Social-Card-Whats-In-Your-Fiduciary-File.pdf

Unlocking Tax Relief and Employee Appreciation: The Power of Profit Sharing  Profit sharing is not just a tool to reduce your company’s tax liability; it is also a powerful means of expressing gratitude towards your employees.  As we close the books on last year, employers often find themselves looking for