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.
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.
Saturday, September 23 |
8:30a.m. – 10:30a.m.
Executive Boardroom
3rd Floor
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Executive Board Meeting
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12:00 p.m. – 5:00 p.m.
South West Lobby Alcove
Lobby Level
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Registration
Registration refreshments sponsored by Federated Investors
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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.
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Sunday, September 24 |
8:00 a.m. – 6:00 p.m.
Regency Ballroom Foyer
3rd Floor
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Registration
Registration refreshments sponsored by Federated
Investors
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8:00 a.m. – 12:30 p.m.
Regency Ballroom Foyer
3rd Floor
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Fun Run/Walk Information Table
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8:00 a.m. – 12:30 p.m.
Van Horn A-C
2nd Floor
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Cyber Café and Message Center
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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.
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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
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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
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12:15 p.m. – 4:00 p.m.
Depart from Hotel Lobby |
Social Event
Sponsored by Prudential Financial
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6:00 p.m. – 7:30 p.m.
Atlanta/New York
3rd Floor
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President’s Reception
Sponsored by Nationwide Retirement Solutions, Inc
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Monday, September 25 |
6:15 a.m.
Hotel Lobby |
1 & 5k Fun Run/Walk Participants Meet
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6:30 a.m.
Depart from Hotel Lobby |
1 & 5k Fun Run/Walk
Sponsored by T. Rowe Price
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8:00 a.m. – 5:00 p.m.
Regency Ballroom Foyer
3rd Floor
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Registration
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8:00 a.m. – 5:00 p.m.
Van Horn A-C
2nd Floor
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Cyber Café and Message Center
Sponsored by Fidelity Investments
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8:00 a.m. – 9:00 a.m.
Regency Ballroom Foyer
3rd Floor
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Continental Breakfast
Sponsored by CitiStreet
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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
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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
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| 10:15 a.m. – 10:30 a.m. |
Break
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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
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| 11:45 a.m. – 12:00 p.m. |
Break
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12:00 p.m. – 1:30 p.m.
Pershing Exhibit Hall
Lobby Level
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Opening Luncheon
Sponsored by ING Financial Advisers, LLC
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| 1:30 p.m. – 2:00 p.m. |
Break
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| 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
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2:00 p.m. – 4:00 p.m.
Empire A-C
2nd Floor
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Industry Member Annual Meeting
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4:00p.m. – 5:00p.m.
Executive Boardroom
3rd Floor
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NAGDCA/Arthur N. Caple Foundation Board Meeting
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6:00 p.m. – 7:30 p.m.
Atlanta/New York
3rd Floor
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Reception
Sponsored by Great-West Retirement Services
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Tuesday, September 26 |
7:00 a.m. – 1:00 p.m.
Regency Ballroom Foyer
3rd Floor
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Registration
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7:00 a.m. – 1:30 p.m.
Van Horn A-C
2nd Floor
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Cyber Café and Message Center
Sponsored by Fidelity Investments
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7:00 a.m. – 7:45 a.m.
Regency Ballroom Foyer
3rd Floor
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Continental Breakfast
Sponsorship still available
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7:45 a.m. – 12:30 p.m.
Regency Ballroom Foyer
3rd Floor
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Golf Tournament Information Table
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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
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9:30 a.m. – 9:45 a.m.
Regency Ballroom Foyer
3rd Floor
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Coffee Break
Sponsored by The Security Benefit Group of Companies
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| 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
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11:00 a.m. – 11:15 a.m.
Regency Ballroom Foyer, 3rd Floor
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Coffee Break
Sponsored by Metlife Resources
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| 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
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1:00 p.m.
Depart from Hotel Lobby |
Social Event
Sponsorship still available
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1:00 p.m.
Depart from Hotel Lobby |
Golf Tournament
Sponsored by ICMA Retirement Corporation
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9:30 p.m. – 11:00 p.m.
Atlanta/New York
3rd Floor
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Dessert Social
Sponsored by Hartford Life Insurance Company
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Wednesday, September 27 |
8:00 a.m. – 12:00 p.m.
Regency Ballroom Foyer
3rd Floor
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Registration
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8:00 a.m. – 5:00 p.m.
Van Horn Room
2nd Floor
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Cyber Café and Message Center
Sponsored by Fidelity Investments
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7:30 a.m. – 8:15 a.m.
Regency Ballroom Foyer
3rd Floor
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Continental Breakfast
Sponsorship still available
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| 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
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9:30 a.m. – 10:00 a.m.
Regency Ballroom Foyer
3rd Floor |
Coffee Break
Sponsored by American Century Investments
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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
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11:45 a.m. – 1:45 p.m.
Chicago
3rd Floor |
Government Member Annual Business Session &
Luncheon
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12:00 p.m.
Meet in Hotel Lobby |
Guest Program
Sponsored by NAGDCA
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| 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
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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
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6:00 p.m. – 7:00 p.m.
Regency Ballroom Foyer
3rd Floor |
Awards and Final Night Reception
Sponsored by Mutual of America
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7:00 p.m. – 9:30 p.m.
Regency Ballroom
3rd Floor
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Final Night Event
Entertainment Co-Sponsored by TIAA-CREF and NAGDCA
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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: 
NAGDCA is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 10 PD credit hours(s) as granted by CFA Institute.