Employee Outcomes

SECURE Act 2.0: Modernizing Retirement Savings
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Investments, Plan Operations & AdminComments are off for this post
In December of 2022, the U.S. Congress passed the Consolidated Appropriations Act, 2023, which contains a large section covering retirement referred to as SECURE 2.0. As a reminder, SECURE 2.0 is seen as building upon or enhancing the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). Like its precursor, this  Read More →
Speaking of One Percent: Nudging Employees to Save More
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Since the contribution limits were recently raised by 10% for 401(k), 403(b), and most 457 plans (to $22,500), we thought now might be a good time to share creative ways to communicate to your participants the benefits of increasing contributions to their retirement plan. These new, higher limits could strengthen their retirement goal, but participants  Read More →
Employee Focus: Your Zillennial Workforce
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Who is the “Zillennial” workforce and what do they want? “Zillennials” are individuals born between 1993 and 1998, and according to a recent Met Life survey (“The Rise of the Whole Employee: 20 Years of Change in Employer-Employee Dynamics.”), they are expecting a more holistic benefits package from their employers. The main takeaway from this  Read More →

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