Retirement Plans & Benefits

A Sound Retirement Plan Rests on a Secure Foundation

A sound plan foundation rests on three pillars: decreasing fiduciary risk, reducing administrative burdens, and placing trust in the right governance model. In a complex regulatory and litigious marketplace, it is critical that sponsors have the operational infrastructure to support investment management activities at a reasonable cost. From the joint perspective of a plan sponsor and consultant, this session reviews the steps a mid-sized company took to secure its foundation by adjusting its fee structure and plan governance to seek the best possible outcomes for employees.

Speaker(s)

Forest Banks, CAIA, CIMA®, Principal, Mercer

Muriel Knapp, Partner, Mercer

Doug Remington, Chair of Investment Committee & Director, DSP Core Technology, MediaTek USA Inc.

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: FIN

Treasury's Role in Evaluating Target Date Funds

With their investment and financial expertise, treasury and finance practitioners bring a unique perspective in evaluating and understanding the sophisticated investments embedded in modern target date funds. This informative session discusses the factors involved in evaluating a target date fund provider and how investment expertise is critical to evaluating important criteria including performance, volatility, and overall investment quality. Attendees walk away with best practices in conducting a comprehensive target date fund provider RFP search, as well as the primary investment criteria that all treasury and finance professionals should understand.

Speaker(s)

Marlow Kee, Chief Financial Officer, Simons Foundation

Ivan Troufanov, VP Treasurer, Medidata Solutions

Nicholas Zaiko, Principal, Bridgebay Financial, Inc.

CTP/CCM Credits: 1.5
FP&A Credits: 1.5
CPE Credits: 1.5
CPE Field of Study: FIN

Fiduciary Mystery: The Case for Re-Enrollment

Fiduciary responsibility is the broad requirement to act in the best interest of the plan participants, but sometimes it can feel like a mystery. Many in this position ask themselves, "Am I doing everything I need to help my fellow employees?" This discussion reviews common issues in retirement plans and investigates how each can be mitigated by utilizing one of the most critical tactics available, re-enrollment. Corporate practitioners discuss their experiences with re-enrollment while a plan attorney provides testimony about current related precedents and the strength of the fiduciary case.

Speaker(s)

Kendall Frederick, CTP, FP&A, Senior Director, Azimuth Consulting

Brian Tiemann, Partner, McDermott Will & Emery LLP

Thomas Robertson, C(k)P®, Managing Director, Wealth Management, Institutional Consulting Director, Morgan Stanley Wealth Management

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: FIN

Breakfast of Champions: Managing Executive Benefit Costs, Risks with Innovative Hedging

General Mills’ deferred compensation plan was causing volatility in its income statement. As the notional investments offered to plan participants fluctuated in value, compensation expense was directly impacted. General Mills evaluated the most popular strategies for eliminating this volatility and ultimately implemented a relatively new innovation: a total return swap hedge of its plan liability. Get the details on why this strategy is valuable for managing the risks and costs of deferred compensation plans.

Speaker(s)

David Marshall, Principal, Atlas Financial Partners

Robert Polansky, Assistant Treasurer, Treasury Operations, General Mills, Inc.

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: FIN

Designing and Delivering a Workplace Financial Wellness Program

Employers are getting in the financial wellness game, and not a moment too soon. Surveys show 46% of U.S. employees report living paycheck to paycheck, while 41% do not have $2k saved for an emergency. 72% of U.S. employees report experiencing financial stress, which impacts their productivity. While we know that many corporations plan to include financial well-being in their benefit plans, research shows that most do not know how to start. During this session, attendees gain tips for designing a successful financial wellness program that benefits both the company and its employees.

Speaker(s)

Brian Ford, Financial Well-Being Executive, SunTrust Bank

A. Keith Payne, CTP, Managing Director - Treasury, Rollins, Inc.

CTP/CCM Credits: 1.5
FP&A Credits: 1.5
CPE Credits: 1.5
CPE Field of Study: FIN

Manage Pension Risk Prior to Merger/Termination

Organizations with defined benefit (DB) plans are subject to significant risks, which can cause havoc if they are in the middle of a merger/acquisition and are asked by the acquiring company to terminate the pension plan. Fortunately, there are new, innovative solutions being used to transfer the risks to an insurance company so the organization can focus on running the organization. In the case study presented, the company used a buy-in strategy to remove their DB pension risk prior to being acquired.

Speaker(s)

Michael Devlin, Principal, BCG Pension Risk Consultants

Steve Ellis, CFO, Protect Plus Holdings

Russ Proctor, FSA, CFA, FCA, EA, MAAA, Sr. Director - Retirement Solutions Div., Pacific Life Insurance Company

CTP/CCM Credits: 1.5
FP&A Credits: 1.5
CPE Credits: 1.5
CPE Field of Study: SKA