April 19-20, 2006

• Agenda [PDF]
  
  

(Lexington, KY) - The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) held a special roundtable meeting for Industry this 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 of 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 Della Williamson, NAGDCA President.

Topics addressed included automatic enrollment, managed accounts, final 403(b) regulations, pending legislation, and increasing fiduciary responsibilities for defined contribution plans.

NAGDCA Industry President, Matt Abraham, 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 second 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 state and local government defined compensation administrators nationwide. Its mission is to focus on retirement planning for public sector employees participating in 457, 403(b), 401(a) and 401(k) retirement plans; assets in these plans tripled during the 1990's.

Mr. William Thomas Reeder, Associate Benefit Tax Counsel for the US Department of Treasury, spoke with Roundtable attendees about new regulations on the horizon that may be released in the near future.

Left to Right: Susan White, NAGDCA Washington Counsel; Mildeen Worrell, Tax Counsel and Minority Staff of the House committee on Ways and Means; Mathew Abraham, NAGDCA Industry President.

Mathew Abraham, NAGDCA Industry President, addresses colleagues about the overall intent of the Roundtable, which is to identify common issues that are affecting the defined contribution community and develop potential best practices.