2012 Industry Roundtable Meeting
April 26-27, 2012
Meeting agenda
The Liaison Capitol Hill Hotel
415 New Jersey Avenue, NW, Washington, DC 20001
Registration is $550 per person.
NAGDCA is offering its industry members a unique opportunity to meet and discuss important legislative and operational issues. The meeting is exclusively for industry members designed to address concerns specific to their needs. We have organized the agenda to provide our members the maximum amount of information and opportunity for creative participation, while at the same time limiting your time away from the office.
Our Roundtable is divided into two main parts; 1) Legislative discussions involving proposals being offered up in Washington that will change the way we service and deliver retirement security to participants, 2) Operational topics will include developing best practices around emerging issues in the industry.
Comments from 2011 Industry Roundtable attendees:
'Through relevant presentations, discussions on industry-related topics, and the opportunity to provide input on NAGDCA's future initiatives, I find attending the annual NAGDCA Industry Roundtable to be extremely valuable.' - Alex Hannah, ICMA-RC, VP Marketing Communications & Education
'Challenging economic times leads to an increased focus on our retirement plan industry. The NAGDCA Industry Roundtable provides an excellent venue for industry leaders to address relevant issues and share ideas about how to help create better retirement outcomes for our clients' plan participants.' - Julie Klassen, ChFC, REBC, Prudential Retirement, VP Key Accounts
General Sessions:
State of Teacher Retirement
Leigh Snell, Federal Relations Director, National Council on Teacher Retirement (NCTR)
Retirement Income Solutions
Speakers: Marc Pester, Prudential Retirement; Jake O'Shaughnessy, Arnerich Massena; Eric Sanderson, Ohio PERS
Discussion Groups: (When registering for the Roundtable, be sure to rank your preferred discussion group.)
1. Future of Stable Value Products - This discussion will address a variety of issues impacting the stable value product market including:
1. A review of future trends in the wrap market, including:
a. New, existing, and the limited number of new flow wrap providers
b. Impact on crediting rates from wrap fee pricing, investment guidelines becoming more conservative and historic and continued low fixed income yield environment
2. The impact of and future outlook of SV collective funds liquidating, moving to soft close or hard close
3. Issues with capacity for separately managed accounts (i.e. single client custom SVFs)
4. Issues with plans and consultants considering removing SV in favor of money market or shot-term bond funds
5. Issues arising when sponsors use stable value funds within lifecycle funds and custom fund of funds.
6. The impact of new fee disclosure regulation on disclosure of SV collective fund underlying contract wrap fees and sub-advisor fees which are generally taken out before the gross fund NAV is struck. Participant reactions to seeing what appears to be an increase in overall fees when these fees are now disclosed.
2. Education at and in Retirement - There are opportunities and challenges that we will face as we work to educate participants about retirement. As we work to provide the best possible solutions for retired participants and those nearing retirement, a number of questions present themselves; we will discuss them during the breakout session. Questions include: What issues need to be addressed regarding income stream and risk? How does a plan best provide continuing education for a geographically dispersed participant base realizing the importance of retaining assets and therefore low fees? What issues are participants facing in managing their finances as they age, and how should they plan for it? Finally, what role does the 457 plan play regarding this issue?
3. Changing Benefits and 457 Plans - The public sector retirement sector is undergoing significant change in the structure of its benefit structure. Over 40 states have made revisions to their defined benefit plans over the past two years which are aimed at lowering future employer costs, which in turn will result in lower income replacement levels for employees. As these changes take hold, public employees will need to ramp up their personal savings including their participation in supplemental defined contribution plans to finance a secure retirement. This discussion group will discuss the enhanced role of the defined contribution plans as a supplement to defined benefit plans, tactics plan sponsors can utilize to encourage savings, and the options to provide life time stable income for public employees.
Feel free to contact Kari Emmons at kemmons@amrms.com or 859-514-9218 for more information about the meeting.
To receive a refund, a notice of cancellation must be made to NAGDCA in writing by April 16, 2012. A $25 processing fee will apply after April 16, 2012.
In the event that special circumstances such as serious illness, accident or death of a family member arise and the circumstances cannot be reported until after April 16, documentation to support the special circumstance (e.g. a physician's statement) will be required in order to process a refund. No refund will be considered for special circumstances reported after April 27, 2012.