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

Hub International Acquires the Assets of Summit Financial Corporation

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