The SECURE Act: What it Means for your Company’s Retirement Plan
A bill that comprehensively reshapes the realm of employer-sponsored retirement plans for employers and employees alike has been passed into law. Read More
Author Archives: Summit Blog Admin
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Summit Blog Admin
Market Update for the Quarter Ending December 31, 2019
What a difference a year can make. At the end of 2018, markets were selling off due to political concerns, and the year finished on a sour note. But 2019 had a significantly better ending for investors. Read More
IRS Announces 2020 Pension Plan Limits
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2020. Read More
Market Update for the Quarter Ending September 30, 2019
U.S. markets had a positive September, which helped offset volatility earlier in the quarter. Read More
Market Update for the Quarter Ending June 30, 2019
June’s gains offset May’s declines, leading to positive quarterly performance of 4.30 percent for the S&P 500, 3.21 percent for the DJIA, and 3.87 percent for the Nasdaq. Read More
Market Update for the Quarter Ending March 31, 2019
For the third month in a row, all three major U.S. equity markets were positive for the month. Read More
Improving Employee Retirement Preparedness Gives Employers Financial and Recruiting Advantage
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
Market Update for the Quarter Ending December 31, 2018
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
IRS Signals Openness to Student Loan Repayment 401(k) “Match”
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
Market Update for the Quarter Ending September 30, 2018
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