NAGDCA Award Case Studies – Vendor Consolidation and Investment Menu Enhancement
Presented by Chicago Public Schools and the City of Seattle.
Economic Outlook
Will the recession ever hit? Are more banking failures possible? What can we expect in the year ahead? Explore the current market conditions and learn what’s expected in both the short- and long-term economic forecast. The panel will address the latest around interest rates, inflation, and the dichotomy of fixed income and equity. Learn how all this and more can impact plan sponsors and participants and leave with tips for helping employees focus on the long-term investment journey.
Building Successful Board and Staff Relationships
Successful governance of public sector retirement plans is the foundation of providing participants with retirement options that best meet their needs. Join us for this new Sunday session exploring the important roles of staff, Board, and committee members and best practices for building strong relationships among all parties. The panel will address education on responsibilities of staff versus Board , review steps for developing successful plan operations, discuss common governance challenges, and provide practical tips for enhancing diversity, equity, and inclusion within organizations.
Practical Resources for Plan Improvement
With technological advances, it has become easier to create tools that can help plan sponsors identify, evaluate, and act on goals and objectives; measure results; and carry out their vision for improving their Plan and the lives of the people it serves. Explore resources that help plan sponsors gain insight into the focus areas of fund managers and vendors, learn how to establish a feedback loop to hear the voice of the participant, and discover how to create a practical and actionable roadmap for moving from the abstract to the concrete.
How to Successfully Communicate Plan Fees
Plan fees can be complicated making effective participant communication quite a challenge. This panel will discuss the different types of plan-related fees and the challenges one Plan is facing during the development of a new fee policy. Learn best practices for developing clear, concise fee information and how to help ensure participants are making educated decisions.
Exploring Decumulation Solutions – What Do Participants Need?
Retiring U.S. workers are finding it increasingly difficult to transition from saving to spending, and none more so than employees in the public sector. With the availability of defined benefit pensions and varying social security eligibility, public sector workers are in a unique situation when they retire. This panel will address this decumulation challenge, focusing on what participants really want and need. Learn when and how to engage participants about income generation in retirement and hear how one organization is educating participants about the benefits of keeping their money in the plan.
Participant Engagement Trends in a Hybrid Environment
Communication strategies are rapidly evolving as many individuals adapt to new hybrid or fully remote work environments. Explore recent data findings and discover tips for engaging participants in different work environments. Learn one Plan’s communication successes (and lessons learned), the important role plan sponsors play in participant engagement, and how to apply these ideas into your own plan.
The Great Resignation: Attracting, Retaining and Valuing Public Sector Talent
Since the pandemic, organizations find themselves with another unexpected phenomenon many call the “Great Resignation” – the massive wave of U.S. workers quitting their jobs for new opportunities or exiting the job market completely. Learn how the pandemic impacted public sector employment and gain suggestions for navigating remote work so employees engage and feel valued. See how one plan is making legislative changes to their employer match with recruiting and retention in mind.
Protecting Participant Data – Safeguarding Against Fraud and Breaches
Fraud and breach response are top-of-mind for all organizations entrusted with sensitive data. Discover data privacy best practices, how sponsors can help protect participant information, and the timeline for responding to participants and the public when a breach occurs. Learn about new authentication technology and the features and applications NYC Health + Hospitals’ system uses to protect their employees.
Exploring Decumulation Solutions – Considerations for Plan Sponsors
As the wide array of decumulation solutions continue to expand, more plan sponsors are considering adding options to their defined contribution plans. This panel will provide an overview of decumulation solutions and discuss key analytics for plan sponsors to consider when thinking about retirement income. Learn about fiduciary responsibilities and the importance of working closely with your recordkeeper and plan consultant/advisor when considering and selecting solutions.