2006 Annual Meeting

2006 Annual Conference
Blazing the Trail to Retirement

September 23 – 27, 2006
Kansas City, MO
Hyatt Regency Crown Center
2345 McGee Street
Kansas City, MO 64108

• Conference Agenda
• Presentations
• Conference Photographs
   

Instructions to view the 2006 Annual Conference Photographs:

1. Go to: www.whitakerphoto.com
2. Enter E-mail: NAGDCA@Whitakerphoto.com
3. Enter Password: NAGDCA
4. And simply sign in.
    

NAGDCA is pleased to announce that the 2006 Annual Conference has been approved to offer professional development credits through the CFA Institute. The total number of credits available is 14.5. Please review the agenda for a breakdown of professional development credits.

Here is the breakdown of granted CFP CEs:

• Appropriate Use of Revenue Sharing = 1.50
• Are Defined Contribution Plans Now Becoming the Primary Retirement Vehicle = 1.50
• Automatic Enrollment = 1.50
• Fiduciary Responsibility and Legal Issues = 1.5
• IRS Audits of Defined Contribution Plans = 1.50
• IRS Update - Activities and Regulations = 1.50
• Managed Accounts and Advice = 1.50
• Marketing Yor Retirement Plan and Retaining the Accounts Following Retention = 1.50
• Meeting the Retiree Healthcare Challenge = 1.50
• The Evolution of Investment Vehicle Types - Emerging Investments Choices = 1.50
• The Washington Report: Retirement Security = 1.00

Continue Education credits are also being offer through InFRE. Government members may receive a total of 20.25 credit hours (18.25 for Industry members) through the educational sessions offered at the 2006 NAGDCA Annual Conference. An InFRE attendance form must be completed to receive credit. Click here for the InFRE tracking form.

The National Association of Government Defined Contribution Administrators (NAGDCA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
 

Sunday

• NAGDCA: An Environment for Learning

Monday

• The Washington Report: Retirement Security and Individual Responsibility
• General Session – IRS Audits of Defined Contribution Plans
• Additional IRS Audit Handouts

Tuesday

• IRS Update – Activities and Regulations/General
• Auto Enrollment
• The Evolution of Investment Vehicle Types – Emerging Investment Choices
• Meeting the Retiree Healthcare Challenge
• Appropriate Use of Revenue Sharing

Wednesday

• Confronting the Threats -- and Opportunities -- of an Aging Workforce: A Framework for Action
• Current Trends in RFPs
• Fiduciary Responsibility and Legal Issues
• Are Defined Contribution Plans Now Becoming the Primary Retirement Vehicle?
• Managed Accounts and Advice
• Marketing Your Retirement Plan and Retaining the Accounts Following Retirement – Workforce Demographics
   

Saturday, September 23
8:30a.m. – 10:30a.m. Executive Boardroom 3rd Floor	Executive Board Meeting
12:00 p.m. – 5:00 p.m. South West Lobby Alcove Lobby Level	Registration Registration refreshments sponsored by Federated Investors
2:00 p.m. – 4:00 p.m. Chouteau A-B 2nd Floor	InFRE Ethics Course – Fulfill Your InFRE Designation Ethics Course Requirement This course discusses several ethical decision-making frameworks and takes a practical approach to handling ethical dilemmas in the retirement setting. A key feature of this course is the presentation of “ethical tests” to use in different situations. The course also addresses the role of managers in creating an ethical environment in the workplace. The InFRE Code of Ethics is presented, with several scenarios to illustrate and apply the eight principles. This session meets InFRE's requirement of two hours of ethics continuing education every two years. Featured Speaker: Diane Savage, InFRE NAGDCA is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 2 SER PD credit hours(s) as granted by CFA Institute.
Sunday, September 24
8:00 a.m. – 6:00 p.m. Regency Ballroom Foyer 3rd Floor	Registration Registration refreshments sponsored by Federated Investors
8:00 a.m. – 12:30 p.m. Regency Ballroom Foyer 3rd Floor	Fun Run/Walk Information Table
8:00 a.m. – 12:30 p.m. Van Horn A-C 2nd Floor	Cyber Café and Message Center
8:15 a.m. – 10:45 a.m. Chouteau A-B 2nd Floor	Pre-Conference Workshop - What You Need to Know About Managing Your Retirement Income: Making Retirement Income Decisions in the New Retirement Environment With the great number of individuals approaching retirement, the next opportunity in employee financial education is developing a practical approach to help people manage their money throughout a longer period of retirement. The California State Teachers' Retirement System (CalSTRS), in conjunction with the International Foundation for Retirement Education (InFRE), has successfully developed a fast-paced, clear and comprehensive program that takes the audience through the necessary steps to create a secure retirement income stream. Complete with worksheets, samples, and audience involvement, 'Retirement Income Management' is a combination of concept and action steps to provide real-life solutions to retirees' biggest fears: not having enough money throughout retirement and having to significantly reduce one's standard of living during retirement. Join Dr. Phillip Sherwood, Director of Client Outreach and Guidance (CalSTRS), as he demonstrates the workshop and discusses with you how you can develop a program for your own organization. He will present the 'consumer version' of this program now being presented to 775,000 CalSTRS members. Featured Speaker: Philip Sherwood, CalSTRS NAGDCA is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 2.5 PD credit hours(s) as granted by CFA Institute.
11:00 a.m. – 11:45 a.m. New York 3rd Floor	NAGDCA: An Environment for Learning This session will help you get the most out of the 2006 conference and show how NAGDCA can help you throughout the year. The session will include an overview of the organization and its leadership, its evolution and growth, the services it offers members, and current special projects. It will include an overview of the conference schedule, 'first-timer tips”, and more; it is particularly important for first-time delegates and newcomers to the industry. Featured Speakers: Della Williamson, State of Texas, NAGDCA President; Brian McCleave, Prudential Financial, NAGDCA Industry President-Elect; Edward Lilly, State of New York, NAGDCA Member-at-Large
11:00 a.m. – 11:45 a.m. Empire C 2nd Floor	Student Orientation Designated students and NAGDCA members only – Sponsored by Wells Fargo After the success of last year's pilot program, NAGDCA has again invited university students interested in deferred compensation to participate in the annual conference. This new conference session will help orient the student attendees, and give them an opportunity to meet with their paired NAGDCA associate for the conference. This session will also include an overview of the organization, its evolution and growth, the services it offers members, an overview of the conference schedule, and tips for students to get the most out of the conference experience. Featured Speakers: Mary Willett, Willett Consulting, NAGDCA Past President; Theresa Myers, Nationwide Retirement Solutions; Kandi Hicks Winters, State of Florida
12:15 p.m. – 4:00 p.m. Depart from Hotel Lobby	Social Event Sponsored by Prudential Financial
6:00 p.m. – 7:30 p.m. Atlanta/New York 3rd Floor	President's Reception Sponsored by Nationwide Retirement Solutions, Inc
Monday, September 25
6:15 a.m. Hotel Lobby	1 & 5k Fun Run/Walk Participants Meet
6:30 a.m. Depart from Hotel Lobby	1 & 5k Fun Run/Walk Sponsored by T. Rowe Price
8:00 a.m. – 5:00 p.m. Regency Ballroom Foyer 3rd Floor	Registration
8:00 a.m. – 5:00 p.m. Van Horn A-C 2nd Floor	Cyber Café and Message Center Sponsored by Fidelity Investments
8:00 a.m. – 9:00 a.m. Regency Ballroom Foyer 3rd Floor	Continental Breakfast Sponsored by CitiStreet
9:00 a.m. – 9:15 a.m. Atlanta/New York 3rd Floor	Conference Opening Session Featuring: Della Williamson, State of Texas, NAGDCA President; Ralph Marsh, City of Houston, NAGDCA Conference Chair; Mathew Abraham, Mutual of Omaha, NAGDCA Industry President
9:15 a.m. – 10:15 a.m. Atlanta/New York 3rd Floor	The Washington Report: Retirement Security and Individual Responsibility NAGDCA Legislative Counsel and others will recap where pension legislation is today and discuss what NAGDCA members can expect in the immediate future in regards to legislative action. In addition, the panelists will also discuss new proposals on the horizon that might affect NAGDCA members and their plans. Moderator: Anthony Hines, Commonwealth of Pennsylvania, NAGDCA Past President Featured Speakers: Milly Stanges, ICMA-RC and Susan White, NAGDCA Legislative Counsel
10:15 a.m. – 10:30 a.m.	Break
10:30 a.m. – 11:45 a.m. Atlanta/New York 3rd Floor	General Session - IRS Audits of Defined Contribution Plans IRS Audits of Defined Contribution Plans - IRS audits are not a new phenomenon, but with the increase of state and local governments undergoing these audits, it is important that everyone stay abreast of processes and procedures used by auditors. Representative from the IRS will offer their expertise and insight on preparing for an audit of defined contibutions plans as well as 403(b) plans in light of the newly proposed regulations. Moderator: Mindy Harris, Multnomah County, Oregon, NAGDCA Secretary/Treasurer Featured Speakers: Robert Architect, IRS and Ed Salyers, IRS
11:45 a.m. – 12:00 p.m.	Break
12:00 p.m. – 1:30 p.m. Pershing Exhibit Hall Lobby Level	Opening Luncheon Sponsored by ING Financial Advisers, LLC
1:30 p.m. – 2:00 p.m.	Break
2:00 p.m. – 4:00 p.m.	“Breakout Sessions” – Government Member Sessions Session #1: <$100 million Chicago A, 3rd Floor Facilitator: Allen Haim, County of Marin, CA Session #2: $101 million - $500 million Chicago B, 3rd Floor Facilitator: Carol Carlson, City of Portland, OR Session #3: $501 million - $999 million Chicago C, 3rd Floor Facilitator: Jeff Heinzmann, State of Indiana Session #4: >$1 billion Chouteau A-B, 2nd Floor Facilitator: Alan Staton, State of CA/Savings Plus Program
2:00 p.m. – 4:00 p.m. Empire A-C 2nd Floor	Industry Member Annual Meeting
4:00p.m. – 5:00p.m. Executive Boardroom 3rd Floor	NAGDCA/Arthur N. Caple Foundation Board Meeting
6:00 p.m. – 7:30 p.m. Atlanta/New York 3rd Floor	Reception Sponsored by Great-West Retirement Services
Tuesday, September 26
7:00 a.m. – 1:00 p.m. Regency Ballroom Foyer 3rd Floor	Registration
7:00 a.m. – 1:30 p.m. Van Horn A-C 2nd Floor	Cyber Café and Message Center Sponsored by Fidelity Investments
7:00 a.m. – 7:45 a.m. Regency Ballroom Foyer 3rd Floor	Continental Breakfast Sponsorship still available
7:45 a.m. – 12:30 p.m. Regency Ballroom Foyer 3rd Floor	Golf Tournament Information Table
8:00 a.m. – 9:30 a.m. Atlanta/New York 3rd Floor	IRS Update – Activities and Regulations/General This session will feature IRS representatives to discuss recently issued (or soon to be released) regulations pertaining to defined contribution plans. Moderator: John Barry, State of Maryland, NAGDCA Past President Panelists: Marilyn Collister, Great-West Retirement Services and Cheryl Press, IRS
9:30 a.m. – 9:45 a.m. Regency Ballroom Foyer 3rd Floor	Coffee Break Sponsored by The Security Benefit Group of Companies
9:45 a.m. – 11:00 a.m.	Concurrent Sessions Topic #1: Auto Enrollment Chouteau A-B, 2nd Floor With legislation pending and plans looking at it as way to increase participation, auto enrollment has gotten a lot of attention lately. This session will look at a number of issues surrounding this topic including: What are the factors that public entities should consider for adoption of automatic enrollment? What steps do public entities have to take in order to implement automatic enrollment? How do third party administrators work with public entities to implement automatic enrollment? Where do public entities stand on adoption of automatic enrollment? Moderator: Gay Lynn Bath, Oregon Savings Growth Plan, Panelists: Scott Baker, ING Financial Advisers LLC; John Kalamarides, Prudential Financial; and Tim Rouse, Fidelity Investments Topic #2: The Evolution of Investment Vehicle Types– Emerging Investment Choices Empire A-C, 2nd Floor Plan providers are beginning to offer more and more options for their constituents, ranging from mutual funds to commingled funds and separately managed accounts. This session is designed to outline the evolution of these investment vehicles, as well as to provide an in-depth review of the emerging investment choices that are becoming available to plan participants. Moderator: Marc Pester, Prudential Financial Panelists: Curt Marrow, Nationwide Retirement Solutions; Frank Picarelli, The Segal Company; and Joe Zisa, New Jersey Division of Pensions & Benefits Topic #3: Meeting the Retiree Healthcare Challenge Chicago, 3rd Floor As healthcare/retiree medical expenses continue to rise on an annual basis, it is imperative that individuals consider how they will compensate for these costs in their retirement savings. In December 2003, President Bush signed into law a bill creating Health Savings Accounts as a solution to these rising medical/retiree medical expenses. These accounts, while seeming to offer an effective solution to health care costs, may have a major effect on the defined contribution industry. This session will provide a historical perspective on health savings and a look into how health savings accounts may evolve over time; and a review of funding considerations for plan sponsors and administrators and administrative considerations. Moderator: Sherry Mose, City of Houston, NAGDCA Past President Panelists: Mary Beth Braitman, Ice Miller; Jim Crockett, Denver Water; and Kathleen Harm, ICMA-RC Topic #4: Appropriate Use of Revenue Sharing San Francisco, 3rd Floor Today, it's imperative that executives charged with fiduciary oversight of an organization's retirement or savings plan understand the distribution systems that investment management organizations use. With the ongoing issue of fiduciary responsibility, concerns around the use of revenue sharing have been a hot topic among plan sponsors and plan administrators. This session will look at revenue sharing, which allows the payment of some portion of internal fees associated with an investment product to a group providing services to the plan sponsor and evaluate when it is appropriate. Moderator: Maria Fuchs, County of San Diego Panelists: Wendy Young Carter, CitiStreet LLC; David Edwards, Dodge & Cox; and Mike Falcone, Consultant
11:00 a.m. – 11:15 a.m. Regency Ballroom Foyer, 3rd Floor	Coffee Break Sponsored by Metlife Resources
11:15 a.m. – 12:30 p.m.	Repeat of Concurrent Sessions Topic #1: Auto Enrollment Chouteau A-B, 2nd Floor Topic #2: The Evolution of Investment Vehicle Types– Emerging Investment Choices Empire A-C, 2nd Floor Topic #3: Meeting the Retiree Healthcare Challenge Chicago, 3rd Floor Topic #4: Appropriate Use of Revenue Sharing San Francisco, 3rd Floor
1:00 p.m. Depart from Hotel Lobby	Social Event Sponsorship still available
1:00 p.m. Depart from Hotel Lobby	Golf Tournament Sponsored by ICMA Retirement Corporation
9:30 p.m. – 11:00 p.m. Atlanta/New York 3rd Floor	Dessert Social Sponsored by Hartford Life Insurance Company
Wednesday, September 27
8:00 a.m. – 12:00 p.m. Regency Ballroom Foyer 3rd Floor	Registration
8:00 a.m. – 5:00 p.m. Van Horn Room 2nd Floor	Cyber Café and Message Center Sponsored by Fidelity Investments
7:30 a.m. – 8:15 a.m. Regency Ballroom Foyer 3rd Floor	Continental Breakfast Sponsorship still available
8:15 a.m. – 9:30 a.m.	Concurrent Sessions Topic #5: Current Trends in RFPs Pershing Exhibit Hall, Lobby Level RFPs are a major tool in weighing the competitiveness of plan providers, consulting firms and third party administrators. This session will identify industry standards in preparing and requesting RFPs, and offer insight on the process of evaluating them once they are ready for review. Moderator: Keith Overly, Ohio Public Employees Deferred Compensation Retirement System Panelists: Jayson Davidson, Arnerich Massena & Associates, Inc.; Andrew Ness, Mercer Consulting; and Thomas Woodruff, State of Connecticut Topic #6: Fiduciary Responsibility and Legal Issues San Francisco, 3rd Floor This session will focus on issues of fiduciary responsibility for public plans in general, but also with specific emphasis upon some of the newer trends in the industry. Some of the questions to be discussed will include the potential impact upon fiduciaries in the following areas: Automatic enrollment, Investment advice, and Managed accounts. The panelists will look at these issues from both a common law/state statutory perspective, but also include what, if any federal regulatory “safe harbors” might exist or be proposed. The discussion will also be designed to include general requirements and considerations of fiduciary responsibility as it relates to public sector plans. Moderator: Jeff Heinzmann, State of Indiana Panelists: Janet Anderson, TIAA-CREF; John Barry, State of Maryland, NAGDCA Past President; and Mary Willett, Willett Consulting, NAGDCA Past President Topic #7: Are Defined Contribution Plans Now Becoming the Primary Retirement Vehicle? Empire A-C, 2nd Floor As legislation and pension bills continue to be introduced concerning the issue of plan simplification, the future of Defined Benefit (DB) plans is becoming more and more uncertain. For many years, Defined Contribution (DC) plans have been seen only as supplemental plans to DB plans, but the recent surge of participation in DC plans have made many individuals evaluate the heightened interest in these plans. This session will explore the evolution of Defined Contribution plans, and offer insight to the popularity of these plans today. Moderator: Kurt Weber, State of New Mexico Public Employee Retirement System Panelists: William Heydt, Nationwide Retirement Solutions; Jamie Ohl, Hartford Life Insurance Company; and Kandi Hicks Winters, State of Florida Topic #8: Managed Accounts and Advice Chouteau A-B, 2nd Floor To help address the concern of Defined Contribution plan sponsors that their plan participants are not adequately saving and investing for retirement, more plans are having a third party administrator take over the management of their employees' retirement accounts. Although these types of retirement plans “managed accounts” have only explicitly been permitted since December 2001, they have experienced tremendous growth over the last few years. This session will explore questions, such as: Will proposed legislation allow investment firms to directly offer “advice” without the use of a third party independent financial expert even if the firms' mutual funds are among employees' investment choices? If this option were to become law, will financial services organizations seriously consider providing managed account services directly to their plan participants? Would the public sector follow the increasing private sector trend of offering managed accounts as the plan specified “default” investment option? Moderator: Gregory Dyson, ICMA-RC Panelists: Regina Hilbert, Suffolk County, NY; Ray Martin, CitiStreet LLC; and Charles Osborne, Iron Capital Advisors
9:30 a.m. – 10:00 a.m. Regency Ballroom Foyer 3rd Floor	Coffee Break Sponsored by American Century Investments
10:00 a.m. – 11:30 a.m. Atlanta/New York 3rd Floor	General Session - Confronting the Threats -- and Opportunities -- of an Aging Workforce: A Framework for Action Moderator: Cathie Eitelberg, The Segal Company This practical presentation will explain why the aging workforce poses such a serious challenge for sustaining performance in both public and private sector organizations and will provide a framework for addressing the problem. Dr. DeLong will show what organizations should be doing today to invest in employee retention and knowledge retention initiatives that support strategic performance objectives. He will also describe the implications from his latest research for helping older workers manage their retirement plans in an era of major demographic change. Featured Speaker: David DeLong, DeLong & Associates Marketing Your Retirement Plan and Retaining the Accounts Following Retirement – Workforce Demographics 2006 marks the year for the largest number of retirement plan participants to become eligible for retirement. This session will follow on to Dr. DeLong's presentation on workforce demographics and will help identify steps plan administrators can take to address the issues faced with a changing workforce. This session will provide marketing strategies for potential plan participants and focus on retaining accounts of individuals following retirement. Featured Speaker: Chris Real, MetLife Resources
11:45 a.m. – 1:45 p.m. Chicago 3rd Floor	Government Member Annual Business Session & Luncheon
12:00 p.m. Meet in Hotel Lobby	Guest Program Sponsored by NAGDCA
2:00 p.m. – 3:15 p.m.	Repeat of Concurrent Sessions Topic #5: Current Trends in RFPs Pershing Exhibit Hall, Lobby Level Topic #6: Fiduciary Responsibility and Legal Issues San Francisco, 3rd Floor Topic #7: Are Defined Contribution Plans Now Becoming the Primary Retirement Vehicle? Empire A-C, 2nd Floor Topic #8: Managed Accounts and Advice Chouteau A-B, 2nd Floor
3:30 p.m. – 4:15 p.m. Atlanta/New York 3rd Floor	Closing Session Panelists: Edward Lilly, State of New York and Chris Tobe, AEGON Institutional Markets
6:00 p.m. – 7:00 p.m. Regency Ballroom Foyer 3rd Floor	Awards and Final Night Reception Sponsored by Mutual of America
7:00 p.m. – 9:30 p.m. Regency Ballroom 3rd Floor	Final Night Event Entertainment Co-Sponsored by TIAA-CREF and NAGDCA