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
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
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
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April 3-7 is National Retirement Planning Week 2017, an effort led by The National Retirement Planning Coalition (NRPC) to promote the importance of comprehensive retirement planning. Read More
As you consider New Year’s resolutions related to your health, your career or your social life, consider adding your finances to the start-of-a-new-year equation. Read More
A common challenge for sponsors of defined contribution retirement plans is measuring the success of their plans in meeting their employees’ future needs. Read More
Financial stress is impacting large numbers of employees. How are employers responding? Also, the increase of high deductible health plans and how HSAs represent the convergence of financial, healthcare, and retirement planning. Read More