Private Sector Defined Contribution Leaders Meet - NAGDCA Industry Roundtable
May 18, 2011
(Lexington, KY) – The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) held a special roundtable meeting for Industry members in Washington, D.C. last week. The members gathered to hear from federal policy makers regarding legislative and regulatory developments that impact the defined contribution programs of state and local governments; as well as to discuss trends in the industry.
“Because of the important role the private sector plays in the defined contribution industry, it is important to bring legislative and operational leaders together to discuss and make recommendations on common issues, especially during these changing economic times,” said Gay Lynn Bath, NAGDCA President.
Topics addressed included plan design in a new normal economy, participant/plan sponsor fee and revenue disclosure, introducing Roth provisions to 457 plans, and guaranteed retirement income solutions as they relate to defined contribution plans.
NAGDCA Industry President, Michael Studebaker, states “The intent of the Roundtable was to provide a forum for Industry members to discuss debate and find common ground on legislative, regulatory, and administrative issues of importance. This is the Seventh Roundtable for NAGDCA Industry members and it continues to prove itself as a valuable forum for the public sector defined contribution community at large.”
NAGDCA is the country's leading organization of defined contribution retirement plan administrators and financial service providers. It represents nearly every state deferred compensation plan, as well as numerous other governmental and public sector defined contribution plans, and over 150 companies in the financial services industry. Its mission is to focus on retirement planning for public sector employees participating in 457(b), 403(b), 401(a) and 401(k) retirement plans.