SIGN UP NOW!
It's FREE!

Create a Profile and Start Networking with HR Professionals
Register Now - It's Free Registration info
 
Member Content
Blogs | Questions | Files | Events | HR Groups | Members
PHR/SPHR Exam Prep Course
HRCI Recertification


  • Upcoming Events
  • Past Events
  • Public Events
Advertise Here

Save More Tomorrow: Practical Behavioral Finance Solutions to Improve 401(k) Plans

Topic:
Save More Tomorrow: Practical Behavioral Finance Solutions to Improve 401(k) Plans
Date:
November 7, 2012 at 11:00 - 12:00 PM ET
Presenters:
David Gratke, Principal(Gratke Wealth, LLC)
webcastImgVirtual
Description
Half of Americans do have access to a retirement savings plan at their workplace. For those that do, about one-third fail to join. And for those that do join tend to save too little and often make unwise investment decisions. The 401(k) arena is in crisis, and workers need sound guidance and help.

This webinar will focus on the behavioral challenges that have led to the crisis- inertia, limited self-control, loss aversion, and myopia. From there we can then begin to understand how the typical worker makes decisions inside their 401(k) account. Then we can begin to transform their behavior by creating solutions, or tools, that are based upon cutting edge behavioral finance research and we can then dramatically improve outcomes by, helping employees:

· Save, even if they aren't ready now by using future enrollment.
· Save more, by helping them see their future selves.
· Save smarter, by re-ordering the fund line-up on the investment menu

We will learn what the ‘401(k) behavioral audit’ is, and why plan sponsors should consider performing such an audit. These audits help us learn how to improve 401(k) plan efficiency and optimization with respect to worker decisions and choice architecture.

Learn how these psychological factors distract employees from making good decisions for successful a retirement:

•       Inertia
•       Loss Aversion
•       Present Bias (Myopia)

We will discuss how using these powerful 'behavioral finance' best practices can create the right decision structure for workers. This will give them access to a successful future, and ensure that they are ready for retirement such that they may retire with dignity.

Who Should Participate
All executive decision makers responsible for the creation, management and monitoring of a company 401(k) retirement plan.
What You Will Learn
  1. Discover how workers really deal with choice, and how they make decisions inside their 401(k) plan
  2. Learn what tools are available to help workers make better decisions and choices inside their 401(k) plan
  3. What is a 401(k) behavioral audit and how it can help workers to make better decisions and choices inside their 401(k) plan
Recommended Resources
Gratke Wealth Click here
Communities
Benefits
Legal and Compliance - Managing Employer Risk
Business and Finance
Legislation
U.S. Based Legal Issues
Outsourcing Benefits
Voluntary Benefits
Retirement Benefits
401(k)
Plan Options
Benefits - Cost Containment, Audits and Legal Risks
Presented by
spacer
speaker spacer
David Gratke
Gratke Wealth, LLC

View Profile
spacer
Event Sponsors
Gratke Wealth, LLC
Life is complicated. Retirement doesn’t have to be. Our retirement philosophy is simple We know that you’re busy and don’t have the time to manage your company’s 401(k) plan. We help you put all the pieces at work.
File List
Feedback
Name Comment Rating
Image of Eric Dixon Eric Dixon
Metalsa S De Rl
4 / 5
Very Good Presentation
Image of Cathy Loudon Cathy Loudon
Horizon Hospitality Associates
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Katie Brisley-Logue Katie Brisley-Logue
YAI/NIPD Network
3 / 5
Good Presentation
Image of Nancy Adams Nancy Adams
Triumph Packaging Group
4 / 5
Very Good Presentation
Image of Lillian Hoover Lillian Hoover
Newalta Corporation
4 / 5
Very Good Presentation
Image of Lori Palmeri Lori Palmeri
National Jewish Health
3 / 5
Good Presentation
Image of Patricia Simon Patricia Simon
Luther Home of Mercy
4 / 5
Very Good Presentation
Image of Kristin Strunk Kristin Strunk
Kemp Harvest Financial Group
4 / 5
Very Good Presentation
Image of Jane Gallant Jane Gallant
Birch, Stewart, Kolasch & Birch, LLP
5 / 5
Excellent Presentation
Image of Ellen Bavaro Ellen Bavaro
Ulta Beauty
5 / 5
Excellent Presentation
Image of Ricki Davidson Ricki Davidson
Chickasaw Nation
5 / 5
Excellent Presentation
Image of Michelle Rudlong Michelle Rudlong
Ameriprise Financial Inc.
4 / 5
Very Good Presentation
Image of Scott Sweeney Scott Sweeney
Novatel Wireless Inc
5 / 5
Excellent Presentation
Image of Pami Maugham Pami Maugham
FedSys Inc
3 / 5
Good Presentation
Image of Michelle Fagin Michelle Fagin
HR&B Consulting, Inc
4 / 5
Very Good Presentation
Image of Laurie Rhind Laurie Rhind
LRhind Consulting
4 / 5
Very Good Presentation
Image of Nick Bakios Nick Bakios
Darden Restaurants Inc.
5 / 5
Excellent Presentation
Image of Jennifer Allan Jennifer Allan
Dougherty Equipment Co.
5 / 5
Excellent Presentation
Image of Andrew Clark Andrew Clark
Unemployed
4 / 5
Very Good Presentation
Image of Samantha Cooper Samantha Cooper
Buffalo Wild Wings
3 / 5
Good Presentation
Image of Kathy Maurer Kathy Maurer
Iasis Molecular Sciences
I missed part of this presentation so I will be watching it in archives. Thank you 5 / 5
Excellent Presentation
Image of Ben Mullins Ben Mullins
Spectrum Brands, Inc
Would love to see more aspects of HR affected by behavioral economics/finances research application 5 / 5
Excellent Presentation
Image of Miriam Berger Miriam Berger
A Hire Authority

Do you have any comments that you would like to share about the value of this session?

Please help others considering viewing the archive understand the value of the session. How would you rate this presentation?
Excellent        Very Good        Good        Fair        Bad       

Are you becoming an industry expert? Each One Hour Webcast on HR.com is reviewed and can qualify for an Institute for Human Resources credit. The Institute for Human Resources Certification Program provides HR Professionals with an opportunity to specialize in one vertical or domain, making them an Industry Expert. Each of HR.com’s webcasts are reviewed and evaluated against the verticals/domains criteria, and one credit hour can be applied to the appropriate vertical or domain.
For more information regarding the IHR Certification Program, please click here or visit: http://www.hr.com/en/ihr_certifications/
Did you know that each one-hour webcast is submitted to qualify for HR Certification Institute recertification credits? The archive of the webcast also qualifies recertification credits, for one (in some cases two) year(s) after the original broadcast. You can get your PHR, SPHR, GPHR and credits all without ever leaving your desk. We know how busy today's successful HR professionals are, which is why we're committed to delivering the best education to you in an easy and entertaining format. For more information about certification or recertification, please visit the HR Certification Institute homepage at www.hrci.org
"The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute’s criteria to be pre-approved for recertification credit."
WorldatWork Society of Certified Professionals. Recertification credit for this event applies to the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals.

Recertification credit for this event can be taken by entering it into your online WorldatWork Society recertification application and entering the program date, title and length. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification.


Sitemap   |   Advertise With Us