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Agenda

Effective August 12, online agenda is subject to change. Final program will be available on-site.

To view the agenda in PDF form, please click here.

Saturday, September 7

9 a.m. – 10:00 a.m.

  NAGDCA Board Meeting

14th Floor Boardroom
AMR's Office 
Lexington, KY

   
     
10:00 a.m. – 12:00 p.m.   ANC Foundation Board Meeting

14th Floor Boardroom
AMR's Office 
Lexington, KY

     

Sunday, September 8
All sessions held at Marriott

 

11:00 a.m. – 6:00 p.m.

 

Registration/ANC Foundation Raffle

Marriott - Ballroom Foyer
Level 2

   

11:00 a.m. – 6:00 p.m.

 

Cyber Cafe and Charging Station

Marriott - Ballroom Foyer
Level 2

   

11:00 a.m. – 6:00 p.m.

 

Louisville Convention and Visitors Bureau Information Table

Marriott - Ballroom Foyer
Level 2

   
 

12:30 p.m. – 2:30 p.m.

Marriott - Bluegrass 1-2
Level 2

 

403(b) Pre-Conference Workshop – IRS Examinations

The session will focus on IRS examinations of public sector employers and their 403(b) and 457(b) plans, and will also discuss another more recent development at the IRS, the Employee Plans Compliance Unit (EPCU).  Discussion of IRS examinations will include:

  • Highlights of key plan compliance areas, including: the written plan, nondiscrimination (403(b) deferrals only), contribution limitations, and loan and distribution limitations.
  • Insights from recent examinations regarding emerging areas of focus – including timeliness of contribution remittance, benefits for key individuals, and status of written plans – as well as experiences from working with newer examiners
  • The importance (and sheer volume) of records and documents in responding to document requests.
In addition, the session will discuss EPCU, a unit described on the IRS website as allowing the IRS “…to leverage our examination resources, significantly increasing coverage and expanding our enforcement presence through correspondence-based contacts.”  In other words, the correspondence unit can send a questionnaire to a large number of plan sponsors and only have to take action regarding those employer's that identify a problem or  that do not respond.  This unit has conducted 403(b) and 401(k) plan compliance checks, and includes in its current projects the subjects of Form 5500 non-filers (private sector) and plan terminations.  Although the IRS has made it clear that compliance checks themselves are not audits, nevertheless recipients of these inquiries that fail to respond could be the subject of examination.  Attendees will learn about the importance of:
  • Understanding what is being asked, in a questionnaire from this unit; and,
  • Bringing in the organization's counsel where appropriate, to ensure complete and accurate responses;
  • Timely responding

Moderator: Ben Taylor, Callan Associates

Panelists: 
Scott Hauptmann, JEM Resource Partners
Kim Solecki, ING 
Bob Architect, VALIC
Ed Salyers, CPA, Former IRS Auditor

 

12:30 p.m. – 4:30 p.m.

Marriott Ballroom 7-10
Level 2

 

InFRE Pre-Conference Workshop - Fundamentals of Investing

Course #2 of the InFRE Public Sector Retirement Plan Administrator Series

The International Foundation for Retirement Education (InFRE) is NAGDCA's trusted partner for providing the most effective and credible retirement-specific professional development, retirement counselor certification and certificate training courses designed specifically for public sector defined contribution and defined benefit plans.

In the Fundamentals of Investing course you will learn the more technical investing principles and strategies important for retirement professionals, and gain practical information concerning related topics such as:

  • the fiduciary responsibilities of the administrator and investment managers
  • safe harbor plan designs and features
  • investment policy statements in a defined benefit and defined contribution plan
  • issues and concerns when selecting, monitoring and replacing an investment manager
  • and other investment issues specific to the various types of employer-sponsored retirement plans including both qualified and nonqualified plans.

Perfect for those with new to intermediate level skills, this is the second course in the four-part series designed specifically for public defined contribution administrators.

Your presenter for this session is Mary Willett, CRA, CRCR, an independent benefit plan consultant in Oregon Wisconsin with more than twenty years experience in the field of public employee retirement benefits.

 

4:30 p.m. – 5:15 p.m.

Marriott Ballroom 1-4
Level 2

 

NAGDCA: An Environment for Learning

Moderator: Tom Mueller, Sanitation Districts of Los Angeles County

Panelists:
Steve Schullo, Los Angeles Unified School Districts
Julie Klassen, Prudential

 

5:15 p.m. – 5:45 p.m.

Marriott - Bluegrass 1-2 
Level 2

 

Student/Mentor Orientation

Panelists:
Eric Sanderson, Ohio PERS
Betty Meredith, InFRE
Theresa Cruz Myers, Great-West

 
5:45 p.m. – 7:15 p.m.   President's Reception

Marriott - Kentucky Ballroom
Level 1

   
 
Monday, September 9
All Sessions are held at Marriott today
7:30 a.m. – 4:00 p.m.   Registration/ANC Foundation Raffle

Marriott - Ballroom Foyer
Level 2

   
 
7:30 a.m. – 4:00 p.m.   Cyber Cafe and Charging Station

Marriott - Ballroom Foyer 
Level 2

   
 
7:30 a.m. – 4:00 p.m.   Louisville Convention and Visitors Bureau Inform

Marriott - Ballroom Foyer
Level 2

   
 
7:00 a.m. – 8:30 a.m.   Breakfast Buffet

Marriott - Kentucky Ballroom
Level 1

   
     
8:30 a.m. – 9:15 a.m.   Conference Opening and Welcome

Marriott - Ballroom 5-6
Level 2

   
 

9:15 a.m. – 10:15 a.m.

Marriott - Ballroom 5-6
Level 2

 

General Session - New Models for Problem Solving

David Crockett - An amazing speaker and one who almost single-handedly convinced the City of Chattanooga, TN that sustainable business and growth of an economy are smart moves…..and then proved it. Yes, the actual great, great, great nephew of the famed Davy Crockett.

He recently retired from the Office of Sustainability in Chattanooga, which he helped create, and had an annual budget of over $1 million. He is also interesting because he is somewhat conservative politically but is labeled as the “Green Frontiersman”. His motto is based on what he calls the “triple bottom-line”: That sustainability means never making a decision unless it enhances the economy, the environment and the community.

Keynote Presentation  - David Crockett, Former Director of City of Chattanooga, TN's Office of Sustainability

 

10:15 a.m. – 10:30 a.m.

Marriott - Ballroom Foyer
Level 2

  Networking Break
 

10:30 a.m. – 11:30 a.m.

Marriott - Ballroom 5-6
Level 2

 

General Session – Financial Literacy and Investor Resources from the SEC

This session will briefly discuss research findings about the current state of financial literacy among investors and SEC strategies for investor outreach and education. The work of the SEC Office of Investor Education and Advocacy and how it supports investor literacy initiatives will be discussed as well as other government resources that you can use to promote investor literacy in your plan participants.

Moderator - Julia Durand, San Francisco Employees' Retirement System

Speaker - Kathleen Floyd, Deputy Director of Investor Education, SEC

 

11:30 p.m. – 12:00 p.m.

Marriott - Ballroom 5-6
Level 2

 

General Session – Washington Update

All eyes seem to be watching Washington as it debates the federal budget, tax reform, deficit reduction, and the debt limit. The Washington Report session will provide up-to-date information on those activities and how they could impact the administration of public employer defined contribution plans. The panelists will review the topics that have been discussed by policy makers who are contemplating changes to defined contribution plans.

Moderator - Julia Durand, San Francisco Employees' Retirement System

Speaker - Jon Sheiner, Susan J. White & Associates

 
12:00 p.m. – 12:30 p.m.   Networking Break

Marriott - Kentucky Ballroom
Level 2

   
 
 12:30 p.m. – 1:45 p.m. Opening Luncheon

Marriott - Ballroom 5-6
Level 2

   
 
2:00 p.m. – 3:15 p.m.   Concurrent Sessions (All Attendees)
Marriott - Ballroom 1-4
Level 2
 

Session 1: Talkin' Bout My Generation

For anyone who has talked to groups of older and younger employees in the same day, you know that the way different generations think about retirement is starkly different. As the workforce diversifies, and younger employees disengage from the traditional workplace (i.e. work from home/remote work location), how do we continue to reach employees so they know about these valuable retirement benefits we offer?

We'll take a look at those differences, and ways to approach these groups for maximum effect. 

Moderator: Kandi Winters, State of Florida

Panelists: 
Scott Dingwell, BlackRock
Gregg Holgate, ING
Bruno Bertocci, UBS

Marriott - Ballroom 7-10
Level 2
 

Session 2: Coping with IRS 457 Plan Audits

The IRS continues to ramp up its audit activity of 457 plans. Learn about the common issues that an IRS examiner may be focusing on.  We will walk you through the importance of having internal controls in running your 457 plan and suggest best practices to help you successfully survive an IRS audit of your 457 plan. 

Moderator: Doug Miller, Suffolk County, NY

Panelists: 
Mindy Harris, SST Benefits Consulting
Richard Turner, VALIC

Marriott - Bluegrass 1-2
Level 2
 

Session 3: Increasing participant retirement security by incorporating alternative investment strategies in the DC line up and Target Date solutions

This session discusses the types of alternatives (strategy vs. asset class) and their suitability for a DC platform. The panelists will discuss the impact of alternatives on the performance of investment portfolios during different markets and the available benefits to DC plan participants. The types of alternatives which can be incorporated into DC plans and Target Date solutions will be presented along with examples of products and plan sponsors using alternatives in their lineups. 

Moderator: Tim Atkinson, City of Austin, TX

Panelists: 
Kamila Kowalke, Calamos Investments
Mark Hathaway, Allianz Global Investors
Josh Cohen, Russell Investments

 

3:15 p.m. – 3:30 p.m.

Marriott - Ballroom Foyer
Level 2

  Break
 
3:30 p.m. – 4:45 p.m.   Repeat of Concurrent Sessions (All Attendees)
 Marriott - Ballroom 1-4
Level 2
  Session 1: Talkin' Bout My Generation
Marriott - Ballroom 7-10
Level 2
  Session 2: Coping with IRS 457 Plan Audits
Marriott - Bluegrass 1-2
Level 2
  Session 3: Increasing participant retirement security by incorporating alternative investment strategies in the DC line up and Target Date solutions
 
 
4:45 p.m. – 6:00 p.m.  

NAGDCA Retirement Knowledge Quiz Bowl 

Marriott - Ballroom 5-6
Level 2
  (Designated for students, program directors, and Board)

 

Tuesday, September 10
Sessions are held at Marriott and KICC

 

8:00 a.m. – 9:00 a.m.   Breakfast Buffet – All

Marriott - Kentucky Ballroom
Level 1

   

 

   
8:00 a.m. – 9:00 a.m.   Breakfast Buffet – NS4RW Focus Group

Marriott - Kentucky F
Level 1

   
 
8:00 a.m. – 4:00 p.m.   Registration/ANC Foundation Raffle

Marriott - Ballroom Foyer
Level 2

   
 
8:00 a.m. – 4:00 p.m.   Cyber Cafe and Charging Station

Marriott - Ballroom Foyer 
Level 2

   
 
8:00 a.m. – 4:00 p.m.   Louisville Convention and Visitors Bureau Information Table

Marriott - Ballroom Foyer 
Level 2

   
 
9:00 a.m. – 10:30 a.m.   Government Member Sessions
 
     'Breakout Sessions'
     (Government members and students only)
KICC - Room 101
Level 1
 

 Session 1: $100 million or less

Moderator: Yvonne Tate, City of Bellevue, Washington

KICC - Room 104 
Level 1
 

 Session 2: $101 million - $250 million

Moderator: Sheri Dentone, City of Stockton

KICC - Room 105 
Level 1
 

 Session 3: $251 million - $499 million

Moderator: Polly Scott, State of Wyoming

KICC - Room 108 
Level 1
 

 Session 4: $500 million - $999 million

Moderator: Steven Montagna, City of Los Angeles

KICC - Room 109 
Level 1
 

 Session 5: $1 billion or more

Moderator: Kandi Winters, State of Florida

 
9:00 a.m. – 10:00 a.m.   Industry Member Annual Meeting
Marriott - Kentucky A-E
Level 1
  (Industry members and students only)
 

10:30 a.m. – 10:45 a.m.

KICC Foyer
Level 1

  Networking Break
 
10:45 a.m. – 12:00 p.m.   Concurrent Sessions Divided by Track A & B (See Below)
 
    TRACK A - NEW MEMBERS - DEFERRED COMPENSATION BASICS
    (Less than 5 years in the industry)
KICC - Room 101 
Level 1
 

Session 1: Making Your List and Checking it Twice - A 457 plan sponsor's year-end to- do list to keep the 457 plan in compliance.

What are the essential tasks every plan sponsor needs to complete on an annual basis to ensure they have met their fiduciary obligations?   This session will discuss tips and best practices to help you review and monitor your plan's compliance with the law.

Moderator: Jim McNamee, Illinois Public Pension Fund Association

Panelists: 
Jayson Davidson, Hyas Group
Kim Solecki, ING 
Harold 'Hutch' Schafer, Nationwide Retirement Solutions

 
    TRACK B – ADMINISTRATORS
    (More than 5 years in the industry)
KICC - Room 104 
Level 1
 

Session 1: Retirement Solutions for Challenging Times

Employees need to prepare for the impending challenges associated with their retirement income needs. This discussion will focus on recent and proposed retirement income solutions that could be incorporated into supplemental DC plans in order to address/counteract pension funding issues, such as guaranteed income products and other “retiree-centric” initiatives. This session will provide an opportunity to share experiences regarding implementation of various initiatives.

Moderator: Ed Lilly, NYS Deferred Compensation Plan

Panelists: 
Steve Toole, State of North Carolina
Cathie Eitelberg, The Segal Company
Glenn Sherman, ICMA Retirement Corporation
Timothy Lane, TIAA-CREF

KICC - Room 105 
Level 1
 

Session 2: Fees

For many years the common model for plan administration fee assessment and collection has included “revenue sharing”, in which some of the revenues collected by investment providers have been used to pay for record-keeping and other plan administration costs. These fees are usually percentage-based, and the fee amounts may vary among plan investments.  With the new DOL fee disclosure regulations, many plans are thinking about their fee models and whether they meet best-in-class criteria, such as equitableness, transparency, and independence (ensuring that fund selection decisions are made without respect to the revenue sharing provided by a fund).  This session will (1) discuss best-in-class criteria for fee models, (2) present some alternative fee models to the traditional approach, and (3) examine the extent to which these models align with best-in-class criteria.

Moderator: Mike Halpin, State of Maryland

Panelists: 
Sean Kenney, MFS Investment Management
Andrew Ness, Mercer Investment Consulting
David Edwards, Dodge & Cox

KICC - Room 108 
Level 1
 

Session 3: Stable Value Funds

Stable value is a key component in most participant-directed defined contribution plans.  Participants look to stable value for yields higher than money market funds through structures designed to provide principal protection and reduced volatility of returns.  While the goals may be straightforward, getting there may be challenging in view of an ever changing financial services industry landscape.  While some book value wrap contract providers have reduced or exited the business, others have entered and offer new approaches.  Today's low interest environment requires a sharp eye on costs and interest rate risk. Liquidity and credit quality are also concerns in uncertain financial markets.

This session will help plan sponsors understand the complexities of today's stable value environment and how to better make informed decisions.

Moderator: Margaret Daun, City of Milwaukee

Panelists: 
Steve LeLaurin, Invesco
Sean Walker, Fidelity Investments 
Vincent Galindo, Arnerich Massena

 

12:00 p.m.

Marriott - Lobby
Level 1

 

Guest Program

Experience Churchill Downs and the Kentucky Derby Museum, with a walking tour of the grounds and time in their gift shop as you learn all about the “most exciting two minutes in sports”.  The Kentucky Derby Museum, which sits on the front steps of historic Churchill Downs, is a very visible part of our community as one of Louisville's premiere attractions. Graciously welcoming over 210,000 guests through the doors each year and giving them a firsthand look at the event for which Louisville, Kentucky is known worldwide. The Museum aims to provide a lasting impression of tradition, hospitality and pride to our many visitors.

Lunch is included.

 
12:00 p.m. – 1:15 p.m.   Government Member Annual Business Meeting and Luncheon

Marriott - Kentucky A-E
Level 1

   
 

1:15 p.m. – 1:30 p.m.

Marriott - Ballroom Foyer
Level 2

  Break
 
1:30 p.m. – 2:15 p.m.  

NAGDCA Retirement Knowledge Quiz Bowl 

Marriott - Ballroom 5-6
Level 2
  (Open to all)
 

2:15 p.m. – 3:15 p.m.

Marriott - Ballroom 5-6
Level 2

 

General Session:  Regulatory Update

Discussion around recently issues or pending regulations pertaining to defined contribution plans.

Moderator: Tony Hines, Commonwealth of Pennsylvania

Panelists: 
Marilyn Collister, Great-West
Melanie Walker, Segal 

 

3:15 p.m. – 3:30 p.m.

KICC Foyer 
Level 1

  Networking Break
 
3:30 p.m. – 4:45 p.m.   Concurrent Sessions Divided by Track A & B (See Below)
    TRACK A - NEW MEMBERS - DEFERRED COMPENSATION BASICS
KICC - Room 101 
Level 1
 

Session 2: Employee Communication Successes/ Effective Communication Strategies

What are your communication goals?  Increase plan participation? Increase seminar participation? Providing plan participants with the necessary information can be challenging, and determining if your message is working can be equally challenging.  This session will discuss successful communication strategies including what works, what doesn't and how to measure the success of your communication projects.  

Moderator:
Mary Buonfiglio, North Carolina Supplemental Retirement Plans

Panelists: 
Barbara Hogg, Aon Hewitt
Gary DeMoss, Invesco

   

 

REPEAT OF TRACK B – ADMINISTRATORS

 
KICC - Room 104 
Level 1
  Session 1: Retirement Solutions for Challenging Times
KICC - Room 105 
Level 1
  Session 2: Fees
KICC - Room 108 
Level 1
  Session 3: Stable Value Funds
 

5:45 p.m. – 6:30 p.m.

Marriott - Ballroom 5-6
Level 2

 

Leadership Awards Photos

(Award recipients should meet at their assigned time)

     
6:30 p.m. – 7:30 p.m.   Networking Reception

Marriott - Kentucky Ballroom
Level 1

   
 
7:30 p.m. – 9:00 p.m.   Annual Dinner

Marriott - Kentucky Ballroom
Level 1

   
 

Wednesday, September 11

All sessions held at Marriott

8:00 a.m. – 9:00 a.m.   Breakfast Buffet - Recognition of ANC Foundation Donors

Marriott - Kentucky Ballroom
Level 1

   
   
8:00 a.m. – 10:30 a.m.   Registration/ANC Raffle

Marriott - Ballroom Foyer
Level 2

   
 
8:00 a.m. – 10:30 a.m.   Cyber Cafe and Charging Station

Marriott - Ballroom Foyer
Level 2

   
 
8:00 a.m. – 10:30 a.m.   Louisville Convention and Visitors Bureau Information Table

Marriott - Ballroom Foyer
Level 2

   
 
 
9:00 a.m. – 10:15 a.m.   Concurrent Sessions (All Attendees)
Marriott - Ballroom 1 -4
Level 2
 

Session 1: How to retain participants/assets in the plan after separation

Plan sponsors invest a lot of time on educational initiatives that encourage employees to participate in their plans during their working careers, but do not spend enough time educating these participants about the benefits of staying in the plans once they retire.  Public employees face a lot of choices about what to do with their balances once they terminate employment and many of these options could cause these employees to miss out on the benefits that they enjoyed while participating in the plan during their working career.  This session will present the challenges facing plan sponsors and participants and also present ideas on how to best educate plan participants on the pros and cons of keeping their account balances in the plan.

Moderator: Jackie Denney, County of Kern, GA

Panelists: 
Gregory Settle, Hyas Group
Theresa Cruz Myers, Great-West Financial
Mike Ponce, TD Ameritrade

Marriott - Ballroom 7-10
Level 2
 

Session 2: Roth 457/Roth Conversions

Many employers have not yet adopted Roth provisions, often because they don't understand them or believe they will complicate the already difficult employee communication process.  This session will compare Roth contributions to regular pre-tax contributions, and discuss who may be best served by Roth contributions and why participants would also consider a conversion.

The Small Business Jobs Act of 2010 authorized employer plans, which offer a Roth contribution program, to allow participants to convert all or a portion of their account balance to a Roth account within the plan. In-Plan Roth Conversions were only available upon a distributable event that would be eligible for rollover, generally severance from employment. The American Taxpayer Relief Act of 2012 now allows employer sponsored plans to offer the In-Plan Roth Conversions prior to a distributable event or, in other words, while in active employment.  Since an employer could choose to offer Roth contributions and not offer in plan conversions, the issues related to that decision will also be discussed.

Moderator: Gay Lynn Bath, State of Oregon

Panelists: 
Laurel Ludden, VALIC
Jake O'Shaughnessy, Arnerich Massena 
Patti Bjork, Aon Hewitt

Marriott - Bluegrass 1-2
Level 2
 

Session 3: The Yin and Yang of Retirement System Challenges

Underfunded pension benefits, pension benefit reductions coupled with increased required contributions, Social Security concerns, aging workforces and higher income taxes with more to come.  You already know the challenges, but what are the opportunities?  Can you use these challenges to motivate employees to participate and increase their deferrals?  This session will concentrate on understanding the challenges, but more importantly, how plan sponsors can use these challenges to motivate necessary changes in participant behaviors.  This is an opportunity to reverse the surveys showing participants know they aren't saving enough but aren't doing anything about it.

Moderator: Keith Overly, Ohio Deferred Comp

Panelists: 
Steven Gordon, The Bogdahn Group
Fredrik Axsater, State Street Global Advisors 
Shelby George, Manning & Napier

 

10:15 a.m. – 10:30 a.m.

Marriott - Ballroom Foyer
Level 2

  Networking Break
 

10:30 a.m. – 11:45 a.m.

Marriott - Ballroom 5-6
Level 2

 

Closing General Session - How the Wealthy Got That Way

In this presentation, Dr. Danko builds on the findings in The Millionaire Next Door with insights from updated nationwide surveys and numerous personal interviews since the book was published in 1996. 

Topics include:

  • Don't count on an inheritance
  • Why earning money is the result of success (and not the other way around)       
  •  Why money should be used as a tool for the greater good, and not as an end in itself.
  • Empirical finding: feeling rich is just a state of mind
  • Why it is important to understand the 'Life Cycle of Money'
  • Diversified investments help to weather the storms of turbulent times
  • Behavior matters if one is to build wealth
  • Main reason why 14/15 households never become wealthy: lack of discipline
  • The 1/15 that become wealthy, have at least four options after basic needs are met
    • Buy more things and create an unsustainable lifestyle?
    • Give it to the next generation and create ecnomic cripples?
    • Do nothing and pay onerous estate taxes?
    • Be charitable and direct wealth to a purpose greater than ourselves?
  • America is the land of opportunity for building wealth
  • Dr. William Danko, co-author of The Millionaire Next Door

 

 







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