This session will assist HR professionals navigate the world of mergers and acquisitions as they relate specifically to benefit plans and qualified retirement plans. This session will discuss timing issues, potential issues that can cause delays in closing, how to deal with those potential issues, and how to handle employee relations issues as they arise. For benefit plans, these issues may come from cafeteria plans and how FSA accounts should be/can be handled, COBRA responsibilities, and MEWA issues. For qualified retirement plans, there are notice and timing rules that must be followed as well as qualification issues that may be discovered during the due diligence process. This session is for every HR professional who handles the administration of their company benefit plans and qualified plans.
With the retirement plan landscape evolving, the fiduciary responsibility of managing a retirement plan falls to the employer.
“Driving Healthy Outcomes for Retirement Plans” is a presentation focusing on one company’s strategic plan to help employees achieve a healthier retirement outcome and promote financial wellness. The presentation outlines use of plan features and investment tools that make planning for retirement easier and help employees build healthier results and stronger retirement plans. The presentation also highlights significant financial benefits for the organization sponsoring the plan, a winning strategy for both plan sponsors and retirement plan participants. The case study which was conducted over a five year period on a company that implemented a strategy to drive participant outcomes also focuses on the return on investment to the company of helping employees become ready for retirement by normal retirement age. The presentation concludes with a discussion on the current retirement plan marketplace and what lies ahead for opportunities to enhance retirement readiness.
In this presentation, Jason Rothman, an employee benefits attorney with the international labor and employment law firm of Ogletree, Deakins, Nash, Smoak and Stewart, P.C. will cover two key employee benefit plan issues that all employers must understand: (1) the Affordable Care Act employer mandate, including guidance issued this summer delaying employer mandate assessments until 2015; and (2) the U.S. Supreme Court’s recent decision in the case of United States v. Windsor ruling that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional. These two developments significantly impact employee benefit plans and require employers to take strategic action in the near future to comply with the requirements thereunder.
Staying Ahead of the Curve is designed to provide defined contribution plan fiduciaries, committee members, plan administrators, human resource, and compensation & benefits specialist with the latest trends in retirement plan management. Our presentation provides insight into how the current legal and regulatory environment is driving changes in plan design. These changes include how plan fees are allocated to participants, the use of plan investment options to pay recordkeeping expenses, and the processes utilized to ensure plan fees are reasonable and competitive. We will provide an overview of the steps required to monitor plan expenses and determine their reasonableness. We detail the fact and fiction of regarding benchmark, vendor RFP, and targeted renegotiation projects.
This session provides an open forum where you will also have the opportunity to ask questions and address any concerns regarding your organization’s plan Advisory arrangements.
Within the human resource profession, it is an understanding that selecting the right person for any job is crucial. This webinar will hope to show that selecting the right Advisor for your company’s retirement plan is deemed just as important. Especially since making a prudent selection is mandated by Federal law (ERISA).
This session will discuss the following items:
- Understanding the basics of fiduciary responsibility
- How to evaluate your organization’s needs
- The evolution of qualified plan advice
- The distinct cultures and business models that exist among Advisory firms and the resulting trade offs
- Identifying and recognizing Advisory firm business practices that could create potential conflicts
- How to evaluate your plan’s Advisory relationship and ensure you are receiving the most desirable set of services for your plan at a competitive price
The goal of this session is to provide you with a background and tools so you and your organization will be able to make educated decisions when involved in an Advisor search or evaluating an existing Advisory relationship.
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. Then we can then dramatically improve outcomes by, helping employees help themselves by learning how they make decisions inside their retirement plans.
There are three developments that have made communicating benefits harder than ever:
The increasing complexity of benefits, especially health benefits
The general difficulty in getting anyone's attention
The need to master multiple communications channels
Fortunately, there are new ideas and methods for communicating during the open enrollment period that will help you battle past these challenges.
This webinar will look at the thinking that lies behind successful open enrollment communication programs and shares some specific tips and techniques. Among the techniques we will explore are the use of video, social media, and “federated” creation of content. We can do better communication than ever, but we have to embrace the right tools and right mindset.
The Adjustable Pension Plan (APP) is designed to mitigate the various risks that have caused many pension plans to shutdown over the past decades. Americans need a secure way to provide lifetime income during retirement and the current defined contribution plans will not provide a safe level income stream throughout the retirement years. This plan creates a partnership with the employers and employees by sharing the investment risk of the pension plan and moving towards a lower risk investment pool.
The APP considers the following risks that are inherent in typical defined benefit plans today:
• Investment Risk
• Maturity Risk
• Mortality Risk
• Inflation Risk
You have a benefits program. Your employees have smartphones. Now what? Attend this presentation to learn how mobile technology will change insurance and employee pensions and benefits forever. Discover what lies ahead for mobile technology, and how your benefit program and mHealth will come together. Organizations and human resources will learn about this new platform for program management, and how to lower administration overhead by using and effectively deploying not just Apps to smartphones but components of a fully integrated health system. Learn about the potential for a fully integrated health records systems encompassing Government health plans and private health insurance.
Now, more than ever, it's important to know how health care reform will affect you, your employees and your business. Don't miss this interactive webinar discussing the sweeping transformations involving health care changes and employee benefits. In this webinar, our expert on compliance, Penny Boyd, will guide you through topics such as: W2 reporting, uniform summary of coverage, open enrollment checklists, dependent issues, and focusing on how grandfathered, non-grandfathered and self-insured plans must comply with new regulations.
Our speaker, Penny Boyd, is CBP's compliance specialist. As Compliance Coordinator, she brings over 25 years of experience in Employee Benefits, Compensation and Human Resources to the team. She is a Certified Employee Benefits Specialist and a longtime member of the International Foundation of Employee Benefits. Penny's most recent work experience was at The Dannon Company, Inc., as Manager of Employee Benefits. She graduated from the University of Arizona with a BA in Anthropology and studied Law after graduating.