Unlock Employee Potential With Effective And Appealing Total Rewards Program
Employers are adding holistic benefits and introducing programs designed to improve employee satisfaction. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/07/Plan-Sponsor-Guide-Employee-Total-Rewards-Program.pdf
Should You Add An Automatic Safe Harbor IRA To Your Plan?
High employee turnover could lead to a rise in small 401(k) accounts. Explore how adding a Safe Harbor IRA provision to your plan may help reduce plan costs and potential fiduciary risks. In 2022, more than 50 million Americans left their jobs and in the last two years, there has been record-breaking employee turnover. While […]
Building Financial Confidence
People who work with a financial advisor report lower levels of financial anxiety and higher levels of happiness. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/07/Social-Card-Building-Financial-Confidence.pdf
How Can Our 401(K) Plan Help Us Attract And Retain Star Employees?
With thoughtful design features, you can structure a 401(k) plan that stands out in a time of talent scarcity and meets your employees’ needs. Looking to attract and retain high-quality talent in today’s competitive labor market? Enhancing your 401(k) plan design could be the answer. It could increase your employees’ retirement security and financial well-being […]
SECURE Act 2.0: What 401(K) Managers Need To Know For 2024
Required for 2024 Luckily, the required changes for 2024 are minimal. Requirement Summary Long-term, part-time employees become eligible to participate in the 401(k) plan. Catch-up contributions are required to be Roth if the participant earns more than $145,000 in W-2 compensation. Long-term, Part-time Employees As part of SECURE 1.0, there is an important provision about […]
4 Ways To Create A Culture Of Wellness
Creating a culture of wellness in the workplace is a trend that’s catching on with employers across the country. A culture of wellness encourages employee health and well-being holistically by helping them adopt healthier habits in their personal and professional lives, such as exercising consistently, eating more nutritious foods, developing healthy interpersonal relationships and taking […]
Financial Education On Company Time
Financially stressed employees may be costing you more than you think. Not only do financial issues affect employee productivity, they can also impact your ability to retain staff. A recent survey found that more than half of stressed employees (55%) are distracted by their finances at work. Additionally, they spend an average of three hours […]
How Much Is Employee Stress Costing You?
San Francisco’s Golden Gate Bridge is painted continuously. The preventative measure keeps salt water, wind and other environmental factors from causing structural damage. A financial wellness program is like the paint on the bridge. It can protect companies from the corrosive effects of employee financial stress, by helping to lower turnover, increase productivity, deepen employee […]
Financial Stress Has More Impact On Your Company Than You Think
In today’s economy, financial stress is having a profound impact on working Americans. Stressed employees are feeling the pinch; this can affect productivity, retention and engagement at work. Financial education could be an easy solution that helps your employees and overall business. Employees are financially stressed. Weathering the last several years – a pandemic, geopolitical […]
Writing Your Company’s Retirement Plan Goals
Employers often don’t know where to start when writing the company’s retirement plan goals. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/01/Social-Card-Writing-Your-401k-Plan-Goals-Q1-2023.pdf
