Press Release
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FOR IMMEDIATE RELEASE April 23, 2007
CONTACT: Tracy Tucker Phone: (859) 514-9210 Fax: (859) 514-9188 E-mail: info@nagdca.org (Lexington, KY) - The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) held a special roundtable meeting for Industry members last week in Washington, D.C. The members gathered to hear from federal policy makers regarding legislative and regulatory developments that affect the defined contribution programs of state and local governments; as well as to discuss the legislative issues affecting 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," said Ralph Marsh, NAGDCA President. Topics addressed included fee transparency, automatic enrollment, retiree healthcare, and SEC developments/mutual fund procedures as they relate to defined contribution plans. NAGDCA Industry President, Brian McCleave, states "The intent of the Roundtable was to provide a forum for Industry members to discuss debate and find common ground on administrative and legislative issues of importance. This is the third Roundtable for NAGDCA Industry members and it continues to prove itself as a valuable forum for the 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.
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