New Guide: Annual Retirement Plan Checklist
As a plan sponsor, you’re automatically a fiduciary. In the world of ERISA, DOL and IRS, a fiduciary is one who acts only in the best interest of a plan’s participants and its beneficiaries with the care of a “prudent person.” You are responsible for keeping your plan in compliance with government regulations. One of […]
Retirement Advisor Council Viewpoint On The Return On Financial Wellness
Financial Wellness programs are designed to help employees manage their finances, budget for life events and reduce financial stress that impacts absenteeism, productivity, and job performance. Are Financial Wellness programs a fad, or do they really work? How can the results be measured? This VIEWPOINT is one of a series of papers on Financial Wellness […]
Let’s Evaluate Your Retirement Plan’s Health
How To Maximize Employee Engagement Within Your Benefits Package
Employers spend countless hours and resources building the best employee benefits offering for their population, yet many times, this goes unnoticed and employees do not know how to use their benefits effectively. It is important that your employees understand that their benefits package is a part of their total compensation, and all that is included […]
Time To Check Your Benefits: Work With A Professional On A Pre-Retirement Financial Wellness Assessment
With so many decisions to make this time of year about your employee benefits, it’s an opportune moment to think more broadly about your overall financial wellness too. This may seem like a daunting task, but fortunately you’re not alone. A financial professional is armed with the experience and expertise to help you make these […]
Keeping Your Business Alive Through Planning
Business continuation planning essentially involves active planning and engagement to derive the most value from your business whenever you, as the business owner, exit the business. According to the Family Business Institute, only about 30% of family businesses survive to the next generation. It’s important to plan how the business will continue once you are […]
Staying The Course Through Volatile Markets
Turbulent times can bring turbulent markets. Many factors cause chaotic swings in the investing world including housing bubbles, political elections, international instability, and as we have seen recently, a global health pandemic. Despite the financial queasiness this can have, experts consistently have one piece of advice for investors: stay calm and stay the course. Maintaining a long-term […]
Keep Your Retirement Plan In Good Health- Review And Update Documents Annually
You likely recognize the importance of seeing your doctor for an annual physical to keep your health in tip-top shape, or taking your car in for routine maintenance to keep it running like new. But what about checking the health of your retirement plan? When is the last time you reviewed your retirement investment policy […]
Virtually Seamless Open Enrollment
Just as the COVID-19 pandemic may be changing what benefits employees need, the traditional open enrollment process is also evolving to meet the “new normal”. Here at Summit, we have helped many of our clients, both small and large, successfully conduct their open enrollment meetings virtually through Zoom. This method has not only proven to […]
