Recruitment, Retention, and Total Employee Wellbeing

The pandemic accelerated a societal shift that’s been going on for years; our work lives and our personal lives are merging. Wise employers are recognizing that to have a highly productive workforce, they need to help employees develop a healthy mind, body, wallet, and life. This session will explore how some employers are making that goal a reality and provide tips for marketing the value of a career in public service with current staff or prospective job candidates. The panel will also review research that sheds light on the benefits of most interest to public employees and the characteristics of the work that attract them to the field in the first place.

By Carly Miller|2024-01-16T08:30:09-05:00November 14th, 2023|Comments Off

NAGDCA Award Case Studies – Targeted Messaging

Presented by the City and County of Honolulu and Maryland Teachers & State Employees Supplemental Retirement Plans (MSRP).

By Carly Miller|2024-01-16T08:31:52-05:00November 14th, 2023|Comments Off

The Generational Divide in Public Retirement Plans – Savings, Spending, and Retirement Income

Since the global financial crisis, many defined benefit plans have scaled back retirement benefits, particularly for new hires and younger workers. Despite these reductions, many employees are spending all or almost all of their income, leaving little to save to help bridge potential retirement income shortfalls. On top of that, employers are faced with younger generations of workers with different views on saving and retirement. Learn about the spending and saving behaviors of public sector defined contribution participants, how plan sponsors can help participants reach a secure retirement and key considerations (including those often overlooked) for delivering income for life to members.

By Carly Miller|2024-01-16T08:33:24-05:00November 14th, 2023|Comments Off

Building a Plan for Those Who Need It Most

Public sector plan data show meaningful differences in savings and investment behaviors among employee populations that plan sponsors must consider when making plan changes and developing outreach strategies. Learn how plans can leverage data to pinpoint gaps in plan usage across key populations and what to do if data is not available. The panel will share effective participant engagement techniques and discuss special efforts to reach populations at greater risk of financial instability.

By Carly Miller|2024-01-16T08:33:46-05:00November 14th, 2023|Comments Off

Solutions to Fiduciary Challenges

Fiduciary duties are at the core of effective plan governance, and it’s essential for plan sponsors to clearly understand their responsibilities to achieve the best results for plan participants. This session will review fiduciary duties and responsibilities and provide solutions to common challenges. Learn about recent cases dealing with breaches of fiduciary duty claims and steps plan fiduciaries can take to avoid potential litigation. The panel will also share details of CalHR’s in-house fiduciary education program, and discuss lessons learned from private plans impacted by the recent DOL cybersecurity guidance.

By Carly Miller|2024-01-16T08:34:27-05:00November 14th, 2023|Comments Off

Washington Update

Join members of NAGDCA’s Legislative Committee and attorneys from Groom Law Group, the association’s legislative affairs firm, for a discussion around SECURE 2.0 challenges, opportunities, and the latest implementation guidance as well as current and future federal legislative and regulatory priorities.

By Carly Miller|2024-01-16T08:34:47-05:00November 14th, 2023|Comments Off

Communicating Complex Plans

Public sector defined contribution plan sponsors face unique challenges when trying to reach and inform the many individuals within their diverse workforces. Financial literacy, plan complexities, and wide-ranging audiences all must be considered when developing a communication strategy. Learn about two state plans and the communication tactics they’re employing to reach their participants. The panel will also share tips for simplifying messaging and utilizing plan enhancements to address retention challenges.

By Carly Miller|2024-01-16T08:35:06-05:00November 14th, 2023|Comments Off

Insights from the NAGDCA Fees Task Force

In 2022, a fee task force, consisting of plan sponsors and industry members, was established to help public plan sponsors understand the various ways fees can be assessed to the defined contribution plan(s), participants, and investment options. The goal was to provide transparency into fee structures, revenue drivers, and costs associated with the products and services utilized by sponsors to help provide education, investment options, and administration of their retirement programs offered to plan participants. The panel will discuss the evolution of fee evaluation by NAGDCA over time, collateral material created, and an analysis of potential cost drivers to help understand the nuances of fees associated with public plans.

By Carly Miller|2024-01-16T08:35:27-05:00November 14th, 2023|Comments Off

Investments in an Uncertain World

Given the sharp rise in interest rates over the past year, many plan sponsors are reevaluating their investment options in today's market. Join the panel for a discussion on the uncertainties in retirement investing and how plan sponsors can best help participants on their investment journey. Learn about current investment structure trends, tips for ensuring your selected options meet the needs of your participant base, and drawdown strategies to help participants manage spending in retirement.

By Carly Miller|2024-01-16T08:35:47-05:00November 14th, 2023|Comments Off

RFP Best Practices for Governmental Plan Sponsors

As participant needs from their deferred compensation plan change, the technological capabilities of the recordkeepers in the marketplace have been evolving rapidly. This panel will provide an overview of the best practices that governmental plan sponsors can implement to generate the best possible outcome from their request for proposal (RFP). Learn about the real-world recent experiences that our panelists have witnessed recently and how these can help you in your own RFP.

By Carly Miller|2024-01-16T08:36:09-05:00November 14th, 2023|Comments Off

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