2019 Executive Board Member-at-Large Election

Voting Closes Wednesday, July 17

NAGDCA received three nominations for the 2019-2020 member-at-large position. We’re pleased to have such talented individuals interested in serving the NAGDCA membership as a volunteer Executive Board member. Learn more about the candidates below and complete the online voting form to cast your vote.

Only one vote is allowed from each plan. Duplicate votes will not be considered.

Meet the Candidates

Kelly Hiers
Darlene Malaney
Mo Raihan

Kelly Hiers

Defined Contribution Plans Administrator
VRS Defined Contribution Plans

Kelly has worked in benefits administration for 21 years, focusing on DC plans for the last 17. Her administration expertise covers industry, plan sponsor and human resources/payroll experience, primarily with public-sector plans. She is an active member of the National Association of Governmental Defined Contribution Administrators. She is also a member of the International Foundation of Employee Benefit Plans and the Institute for Retirement Education (InFRE).

Kelly received a Bachelor of Science in Marketing/Management at the University of South Carolina and a Master in Business Administration from Charleston Southern University. She also holds a Certified Retirement Counselor® designation from InFRE.

How long have you been in your current position and how does it relate to the deferred compensation/defined contribution industry?

I have been with Virginia Retirement System (VRS) for approximately 6.5 years and serve as the Defined Contribution (DC) Plans Administrator. In my role, I am responsible for the administration of VRS’s eight DC plans with assets of approximately $4.7 billion and more than 200,000 participants. Our plans serve up to over 800 state (including higher education), local and K-12 employers and include two 457 plans and six 401(a) plans across three record keepers.

What leadership positions have you held within the deferred compensation/defined contribution community, as well as with other organizations (professional or volunteer), that have bearing on potential NAGDCA leadership responsibilities?

I am currently serving as co-chair of the Legislative Committee but would like the opportunity to expand my involvement in NAGDCA in a leadership role. I have previously not sought out leadership roles because of other personal and professional time commitments. Over the past couple of years, however, I have been able to build up my support team to allow me to expand my focus.

What special skills or training do you possess that would benefit the association?

In my career, I have worked in Human Resources as a generalist and specialist focusing on retirement plans. I have also worked on the industry side as a plan education specialist and for the last six years, have worked on the plan sponsor side. This varied experience around DC plan administration has afforded me the ability to step back and view things from various perspectives. Additionally, in my current role, I am actively involved in all aspects of plan administration ranging from communications development and participant engagement to data exchange, security issues, and contract management.

Association volunteer leadership can be a time-consuming activity. Election to the Executive Board results in monthly (and sometimes weekly) interaction. How would you approach and manage such volunteer leadership requirements?

I am fortunate to have a strong, supportive team behind me at VRS, as well as a manager that has been very supportive of this opportunity. I feel confident that I can step back when necessary and focus on NAGDCA-related items.

What has been your previous experience with NAGDCA? (First year of participation, specific contributions to association such as newsletter articles, committee service, conference presentations, etc.).

I joined NAGDCA when I came to VRS in 2012. I have participated in a variety of activities including multiple conference presentations. I participated on the Participant Engagement Committee for multiple years and have been a participant on the Legislative Committee for two years.

Why do you want to be Board Member? What are your goals for NAGDCA and how can your involvement contribute to execution of the strategic plan?

While there are many organization representing defined contribution plans, NAGDCA is unique. The exclusive focus on public sector plans is a tremendous benefit. As I interact with other public sector employers in Virginia, I regularly refer employers to the website and general membership information. There are few localities in Virginia that are involved with NAGDCA currently and I would love to play a role in growing the footprint of NAGDCA here and around the country.

Darlene Malaney

Chief Operating Officer of Finance
Palm Beach County Clerk & Comptroller

Darlene Malaney, is Chief Operating Officer of Finance for the Clerk & Comptroller, Palm Beach County, Florida.  She has over two decades of institutional finance and investment experience , specializing in work with Florida local governments. Prior to her current position, she spent several year as an investment consultant specializing in governmental retirement plans. Darlene has also served as Director of Finance & Investments for Citizens Property Insurance and as Associate Director of Financial Services for the Florida League of Cities.

Darlene is a native Floridian, and an active member of her community and lives in Palm Beach Gardens.

How long have you been in your current position and how does it relate to the deferred compensation/defined contribution industry?

I’ve been with the Clerk’s office for 7.5 years: 7 months in my current position, and as Director of Finance from 1/2012 to 11/ 2018.  I am Chair of our Retirement Committee,  Under my direction we have implemented a best practice governance structure including: transition to new TPA, simplified fund line-up from 41 to 19 funds, decreased investment fees by 67%, significantly decreased administration fees, increased participation and average deferral amounts  by 20% and 10%, respectively.  I speak frequently at the local, state and national level on the fiduciary responsibilities of Plan Sponsors in the government sector.

What leadership positions have you held within the deferred compensation/defined contribution community, as well as with other organizations (professional or volunteer), that have bearing on potential NAGDCA leadership responsibilities?

Past:
– Florida League of Cities: Associate Director of Finance : managed Retirement program offering DB & DC plans to more than 80 Florida local governments.
– The Bogdahn Group): Senior DC (Investment) Consultant to government and not-for-profit plans
– Fiduciary First, DC Plan Consultant to government plan

Current:
– NAGDCA: Vice Chair of Benchmarking Committee
– GFOA (Government Finance Officers Association): Committee on Retirement and Benefits Administration
– P & I DC East Conference Advisory Board  & Speaker
-GFOA: Regular speaker at Annual Conferences and regional workshops around the Country re: DC Plan related topics
– Palm Beach County Clerk & Comptroller Community Financial Literacy Program volunteer

What special skills or training do you possess that would benefit the association?

My of experience as a DC Plan Sponsor, DC Plan Administrator , Retirement Plan Committee member, DC Plan Consultant and as DC Plan participant provides a unique understanding of all aspects of the DC plan world.

In addition I have a Bachelor’s Degree in Finance from The Florida State University and hold the Certified Investment Management Analyst (CIMA) designation, administered by the Investments & Wealth Institute, through The Wharton School at the University of Pennsylvania.  I am a graduate of Florida State University’s Certificate in Financial Planning (CFP) program and has obtained both the Series 6 and 65 Securities Licenses.

Association volunteer leadership can be a time-consuming activity. Election to the Executive Board results in monthly (and sometimes weekly) interaction. How would you approach and manage such volunteer leadership requirements?

I have the full support of my employer and would be honored to serve on the NAGDCA Executive Board.  I will be committed to participating in all calls, meetings and assigned responsibilities.  I will show-up prepared and ready to make a meaningful contribution as an Executive Board member.

What has been your previous experience with NAGDCA? (First year of participation, specific contributions to association such as newsletter articles, committee service, conference presentations, etc.).

I began attending NAGDCA conferences about a decade ago and have served as Vice Chair of the Benchmarking since 2017. I have attended conferences as a vendor (exhibitor), plan sponsor and have also been a speaker and moderator.

Why do you want to be Board Member? What are your goals for NAGDCA and how can your involvement contribute to execution of the strategic plan?

I will bring my passion for retirement readiness complimented by my vast experience in the government DC industry. I understand the need for knowledge and resources in the DC plan community and am committed to creating a comprehensive source of information to aid our members.  I consider myself a “DC Plan Cheerleader”!  As a frequent speaker, I will continue to reference NAGDCA as a leading source of DC plan information.  I will lobby for legislative change that represents the interests of all public sector DC plan participants.  I will make sound financial decisions to sustain NAGDCA well into the future.

Mo Raihan

Assistant Vice President
NYC Health + Hospital TDA 403B Plan

Assistant Vice President, Employee Benefits, for a company with more than 20 years progressive experience in strategic design and implementation of U.S. and global health and welfare, wellness, retirement, stock purchase, HR policy and ancillary benefit plans. An enthusiastic leader recognized for overcoming challenges and achieving desired results. Outstanding project management skills leading to success in implementing effective benefit strategies aligned with overall Human Resource initiatives.

Specialties:

  • Health & Welfare Plans
  • Wellness Plans
  • Acquisition Integration
  • Employee Benefit Communication
  • Retiree Medical Plans
  • DC and DB Retirement Plans
  • Nonqualified Executive Benefits

How long have you been in your current position and how does it relate to the deferred compensation/defined contribution industry?

I have been in my current role for 4 years managing the tax deferred arrangement 403B plan for NYC Health + Hospital.  I manage the plan from all aspect of it- record keeping, administration, legal and investment.

Prior to joining NYC Health + Hospital, I worked as a consultant at Aon Hewitt, Buck Consultant and  them moved to the corporate site in private company to manage deferred compensation/ contribution plan at Merck & Time Warner Inc.

What leadership positions have you held within the deferred compensation/defined contribution community, as well as with other organizations (professional or volunteer), that have bearing on potential NAGDCA leadership responsibilities?

I have 20 plus years of experience in the defined contribution area as well as in pension managing large corporation DC plan. I have worked as a leader in plan design and strategic changes to DC plan while working with legal counsel and plan record keeper.
Active pension of the Pension & Investments

What special skills or training do you possess that would benefit the association?

Financial Wellness Program establishment at corporations, vendor management, project management, making strategic decision to resolve complex matter.

Association volunteer leadership can be a time-consuming activity. Election to the Executive Board results in monthly (and sometimes weekly) interaction. How would you approach and manage such volunteer leadership requirements?

I will take the role as if its part of my job responsibilities. Things that we would accomplish at NAGDCA will in turn be applied to job role for me and other members of NAGDCA.

What has been your previous experience with NAGDCA? (First year of participation, specific contributions to association such as newsletter articles, committee service, conference presentations, etc.).

First year participant and try to be active the email forum group. I have been part of the NAGDCA reward group in judging the award winner selection process.

Why do you want to be Board Member? What are your goals for NAGDCA and how can your involvement contribute to execution of the strategic plan?

My main reason to be a Board Member is to help all the member of NAGDCA to get information and resolution of day to day issues/matter.

Find a way to make all member be for active in NAGDCA, provide leading legislative and plan updates. NAGDCA service is serve as SME for all member.