|9:45 a.m. - 10:45 a.m.
Concurrent sessions - (3 topics) repeated
Success by Design: Innovation in investment lineups
Moderator: Barbara Healy, NFP
Panelists: Mary Buonfiglio, NC Supplemental Retirement Plans | Brian Moore, AZ Public Safety Personnel Retirement System | Polly Scott, Wyoming Retirement System
Investment lineups and plan design are two critical parts of a successful government DC plan program. These two facets must work together in order to help participants make the right choices and achieve the best possible outcomes. Topics that will be covered include:
- New approaches to the tiered investment menu
- Investments that can help address the risks that participants face
- Plan design innovations and real-world examples of these concepts in action
Best Practices & Lessons Learned from Private Sector Defined Contribution Plans
Moderator/Panelist: Judith Boyette, Hanson Bridgett
Panelists: Jeffrey Cable, Colorado PERA | Sherrie Grabot, GuidedChoice | Mark Kordonsky, SageView Advisory Group
Although governmental defined contribution plans are not subject to the rules of the Employee Retirement Income Security Act of 1974 (ERISA), many such plans use ERISA rules as a best practice in various areas of plan administration, such as selection of investment options, fee disclosures, fiduciary responsibilities, and claims and appeals procedures.
The session will address the areas in which it may be a good idea to utilize ERISA standards as best practices, as well as areas in which following ERISA may not be in your plan's best interest or even may be in conflict with your plan's rules and regulations. In addition, the session will include a brief discussion of the recent lawsuits against ERISA defined contribution plan fiduciaries and how these lawsuits provide important lessons to governmental defined contribution plans.
Holistic Retirement: Money, Purpose, Health
Moderator: Wendy Dominguez, Innovest
Panelists: Andrea Cockrell, City of Plano | Brayton Connard, Monroe County | Carl Steinhilber | Jonathan Viscounte, Prudential
There is more to a happy retirement than just the retirement party and leisure activities.We spend decades planning for the day we retire. Participants have thought little about what that retirement will look like post work. There are important decision to consider around when to travel - early years of retirement vs. later years when health may be failing. How to find the purpose of our days once our lives are no longer defined by work. How to take care of our mental and physical health. How to make sure money will not run out.