Guide To Paying Down Student Loans
If you are still paying for a student loan, you are not alone. $1.75 Trillion TOTAL STUDENT LOAN DEBT 43.4 Million AMERICANS CARRY STUDENT LOAN DEBT $37,113 AVERAGE STUDENT LOAN BALANCE Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2022/04/Participant_Infographic-Tackling_Student_Loans-FINAL-2.pdf
Top Employee Benefits
Flexibility is the Future of Your Workforce Workplace benefits are evolving. The COVID-19 pandemic has changed what employees want, and it will continue to shape your employment offerings in the year ahead. One-size-fits-all benefits may no longer be enough. To attract and retain top talent, you’ll need to consider new perks that reflect the changing […]
How To Use Customized Education To Encourage Retirement Plan Participation
Applying personalized values and generational communication to promote retirement savings. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2022/01/how-to-use-customized-education-to-encourage-retirement-plan-participation-FInal.pdf
How To Prepare For A 401(K) Audit
If the term ”audit” makes you uncomfortable, anxious or even scared, you are not alone. Last year, the Department of Labor (DOL) closed 1,122 civil investigations with 754 (67%), resulting in fees, repayments or corrective actions.[1] The agency collected over $3.12 billion in direct payments to plans, participants and beneficiaries. This represents a whopping 300% increase […]
Cybersecurity: Protect Your Retirement Savings
With trillions of dollars in America’s retirement savings plans, your hard earned savings aren’t immune to cybercriminals. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2022/01/Participant-Infographic-Cybersecurity-Protect-Your-Retirement-Savings-FINAL.pdf
Do ESGs Fit Into Our Retirement Plan?
The value-driven workplace and its implications for retirement plans Your workplace may be evolving in many facets, from remote options to new generations coming into the workforce. These changes reflect those of the larger social climate and, in turn, employee priorities, values and expectations. Many professional and financial decisions are being influenced by these trends, […]
Guide To Understanding DOL Audits
DOL enforcement is accelerating: 2/3 OF PLANS AUDITED CLOSED WITH RESULTS $3.12B IN DIRECT PAYMENTS TO PLANS, PARTICIPANTS AND BENEFICIARIES 300% INCREASE IN COLLECTIONS OVER 5 YEARS Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2022/01/Plan-Sponsor-Guide-Guide-to-Understanding-DOL-Audits-FINAL.pdf
The Tale Of Two Economies
More than a year into the COVID-19 pandemic, there are signs of recovery in the U.S. Millions of vaccines have been administered, businesses and offices are reopening and life is starting to look more like it did pre-pandemic. All this is cause for optimism. Simultaneously, however, there’s abundant evidence that the pandemic has taken a […]
Live Your Best Life: Now And In Retirement
https://yoursummit.com/wp-content/uploads/2021/11/Participant-Infographic-Live-Your-Best-Life-Now-and-In-Retirement.pdf Americans are living longer than ever before. Life expectancy is now at 79 years old, and many employees will need to save enough to live 17+ years in retirement.1 How financially prepared are your employees to enter into this next stage of life? Saving more today can make a huge difference. Share this questionnaire with […]
2022 Contribution Limits
https://yoursummit.com/wp-content/uploads/2021/11/2022-New-Contribution-Limits.pdf The new Retirement Plan Contribution Limits are official! The following limits are going up for 2022: Maximum contributions for 401(k), 403(b) and 547 increases to $20,500 The annual additions limit for defined contribution plans increases to $61,000 The annual compensation limit increases to $305,000 The Social Security Wage Base increases to $147,000 Review the […]
