When participants can’t afford to retire, their employers bear the costs, like heftier wages combined with steeper healthcare and workers’ compensation liabilities. It also makes it more difficult to win the battle for tomorrow’s new talent. The solution lies in better retirement plan design. Read More
Unfortunately, investors who were holding out hope for a year-end rally were disappointed. As 2018 came to its end, rising political and economic concerns weighed on global markets. Read More
Employers are struggling to help their employees address the burden of student loan debt without sacrificing retirement savings. The IRS recently showed a willingness to remove one hurdle to address this issue through a retirement plan. Read More
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2019. Read More
September started with some volatility, but it ended on a positive note for most U.S. markets, capping off a strong third quarter. Read More
All three U.S. indices were positive for the quarter. The S&P 500 was up 3.43 percent for the period, and the Dow gained 1.26 percent. But the Nasdaq did best, rising 6.61 percent. Read More
For the quarter, a volatile March and weak February more than offset gains in January to leave the Dow down 1.96 percent and the S&P down 0.76 percent. Read More
U.S. financial markets were strong throughout 2017 and capped off the year with even more gains in December. Read More
Hub International Limited (Hub), a leading global insurance brokerage, has acquired the assets of Summit Financial Corporation (Summit). Terms of the acquisition were not disclosed.
Headquartered in Burlington, Massachusetts, Summit provides plan design, consulting, actuarial, administration and investment-related services for both qualified and non-qualified employer-sponsored retirement plans, as well as, similar services for employee benefit plans through Commonwealth Financial Network®.
Since the company was founded by Joe Bonasera, President of Summit, and Brian Babcock, Vice President & Chief Operating Officer of Summit, in 1993, the company has grown into one of New England’s premier employee benefits, retirement and financial … Read More
Bitcoin is a digital currency that allows for the transfer of payment between two parties, without the help of a bank—and without government oversight. Read More