We had an incredible 28th NAGDCA Annual Conference. Please read about the conference in the "Top Story" article in this newsletter, and visit NAGDCA's website for some fun conference photos. Some highlights from the conference:
- There was a record 811 in attendance!
- We had 37 individuals involved in the student/mentor program - thank you to all the mentors and the students for making the program an even greater success this year.
- There were 41 winners of NAGDCA's leadership recognition award. Congratulations!
- Continuing education credits were a very successful additional benefit for our members this year.
Welcome to our new Executive Board members - Gay Lynn Bath from the State of Oregon and Tim Rouse of Fidelity Investments. Congratulations also go out to Alex Hannah, ICMA-RC, who was voted in as the new Industry Board member-at-large.
We are so excited that we now have a National Save for Retirement Week October 21-27. We hope you are gearing up with your plan activities. A nationally recognized Save for Retirement Week is an extremely important tool in heightening the awareness and importance of saving with your Plan participants. NAGDCA has developed a web page where you will find brochures, games and ideas to promote your plans.
During the next 12 months, NAGDCA and the Art Caple Foundation will be concentrating on new research ideas and projects as well as fund raising, to continue supporting scholarships for students interested in the retirement industry.
Our new brochures are now on the website and available for you to download:
- Section 457(h) Plan Administrator's Guide To Unforeseeable Emergency Withdrawals,
- Guide to Lifestyle/Lifecycle Funds for Asset Allociation, and
- Retirement Plan Fees: Comparison Shopping the Costs of Investment
Our third NAGDCAST of 2007 was held on October 23rd, 2007. Lance Palmer from the University of Georgia presented a new Financial Education Evaluation Toolkit. Cathie Eitelberg (The Segal Co,) was the moderator of this webcast. The toolkit is a new product that plan sponsors and administrators can use to help evaluate the impact of education offered to participants and stakeholders in your plan, and document changes in knowledge, planned behaviors, and actual behaviors among program participants.
I am very honored to serve you as the NAGDCA president throughout the coming year and look forward to working with your Executive Board on our issues. Together, we will continue working to help our participants obtain financial security for their retirement.
Let's remember our Mission Statement:
NAGDCA's mission is to unite representatives from state and local governments along with private sector organizations that service and support defined contribution plans. NAGDCA provides an environment to foster growth in professional development of its members through networking with peers, educational opportunities and information sharing that includes comprehensive publications, reports and surveys. NAGDCA will promote and support federal legislative initiatives for the advancement of retirement plans.
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