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401(k) Fridays Podcast

The 401(k) Fridays Podcast features a weekly conversation with an expert guest to help employers and their service partners keep up with workplace retirement plan topics and trends. Listen today, improve your retirement plan tomorrow!
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Now displaying: July, 2017
Jul 28, 2017

When we get the question of “What is the best strategy for me to save for retirement” and it comes for an entrepreneur, the answer is seldom as simple as it might seem.  So, where and how do you start?   We thought it would be helpful to cover a few key concepts and then follow the progression of an entrepreneur along their journey from a “solopreneur” with an idea or inspiration for a business to experiencing some success, hiring employees, scaling and eventually selling the business and weave in along the way how different retirement plan strategies could potentially support their personal and business goals along the way. 

 

While I know some in our audience are not necessarily entrepreneurs, however I bet you know someone who is or maybe you might be one down the road!  Be sure to share with your friends, colleagues or social networks that might have entrepreneurs, sole proprietors or business owners who could benefit!  They can easily find the podcast on iTunes, their favorite podcast app by searching 401(k) Fridays or on the web at 401kfridays.com/Shelton.  

Finally, This episode came about because of several questions from our listeners and some recent industry conversations I was a part of.  If you have questions or a topic that you think could make for a great future episode, please shoot us an email to feedback@401kfridays.com

Guest Bio

Patrick is the Managing Member of Benefit Plans Plus and has more than 25 years of retirement plan industry experience in banking/trust, insurance, and third party administrative environments. He is responsible for innovating and executing the firm’s business plan. Additionally, he specializes in financial advisor relations, including 401k sales prospecting presentations, vendor searches, and fiduciary consulting.

Patrick’s reputation as a nationally recognized industry thought leader has allowed him to give back through various platforms in the media, speaking at industry events, and participating on various panelist presentations.

Additionally, Patrick serves on the American Funds, Transamerica, and Lincoln TPA leadership roundtables. He is also a board member and past President of the National Institute of Pension Administrators (NIPA).

Patrick was the first recipient of Brown Smith Wallace’s prestigious Founder’s Award, which recognizes top employees for excellence in leadership and contribu on to firm growth since 2003. 

A graduate of Westminster College in Fulton, Missouri, Patrick holds a Bachelor of Arts degree in Business/Committee Plan.

He has also earned the Group Benefits Associate (GBA) designation from the International Foundation of Employee Benefits Plans Certified Employee Benefit Specialist (CEBS) program. Patrick also holds a Life and Health Insurance License in the state of Missouri and is a member of the Financial Planning Association. 

As a youth, Patrick had two separate basketball coaches that were former NBA players, and he also played college basketball. Patrick is also a fan of fantasy/ SIFI. 

401(k) Fridays Podcast Overview

Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your workplace retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over seventy-five prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Jul 21, 2017

It wouldn’t be an exaggeration to say that Target Date Funds (TDFs) have grown exponentially within the last few years. As a retirement plan fiduciary, it’s important to understand not only what a TDF is but how to evaluate them and ensure the strategy you have chosen or might be considering is a good fit for your plan.  During my conversation with Jeff we provide some core concepts such as glide path construction, too vs. through retirement and open vs. closed architecture design to see if they are still relevant.  We also hit hot topics such as if the active vs. index investing conversation impacts TDFs, the ever popular topic of investment fees and the perils of looking the performance of TDFs in a vacuum. Finally, we provide retirement plan committee members and plan fiduciaries several important questions to consider at your next retirement committee or plan review meeting.  

 

Guest Bio

Jeff Holt, CFA, is an associate director on Morningstar’s manager research team. He focuses primarily on multiasset strategies from asset managers including Fidelity, BlackRock, and Principal. 

 

Before joining Morningstar in 2014, Holt spent nearly nine years at Jeffrey Slocum & Associates, where he was responsible for investment research to support the firm’s defined contribution practice. He covered target-date funds, stable value funds, and other asset classes specific to defined contribution clients. 

 

Holt holds a bachelor’s degree in management, with a concentration in corporate finance, from Brigham Young University. He also holds the Chartered Financial Analyst® designation.

 

401(k) Fridays Podcast Overview

Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your workplace retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over seventy prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

 

 

Jul 14, 2017

We turned the tables for the 75th episode of the 401(k) Friday’s Podcast.  Whether you are a regular listener or new to the 401(k) Fridays Podcast, this should give you some good context as you listen to additional episodes.  We discuss the inspiration behind the podcast, the process for creating weekly content, how we identify topics and guests, a few philosophies and what we have planned for future episodes.  We hope you enjoy the 75th episode of the 401(k) Fridays Podcast!

 

Guest Bio

Rick is a partner and executive committee member of Lockton’s Retirement Consulting practice.  In his role, he works with the retirement committees of middle market companies who offer workplace retirement plans to enhance their fiduciary protection, streamline plan operations and improve employee retirement outcomes.  Rick also created and hosts a weekly podcast “401(k) Fridays” which features audio interviews with retirement industry professionals covering relevant industry trends, topics and current events.  

Rick grew up an Air Force brat, moved thirteen times as a kid and has lived in Maine, Monterrey, Moscow and several other places that don’t start with the letter “M”.  After Rick graduated from the University of Virginia he spent a few years in New York City then found his way to California where he met his wife Courtney.  They have been married for over 15 years and live in Hermosa Beach with three amazing children Kaylee (14), McKenzie (12) and Sean (7).  When Rick is not working, podcasting or coaching one of his kids in soccer, basketball or baseball he plays on an adult men’s soccer team, tries to improve his golf handicap or drives his kids to and from their various activities!

Rick is also an active Board Member at Big Brothers Big Sisters of Greater Los Angeles and currently serves as the Chair of the Finance Committee, member of the Executive Committee and Treasurer.  

 

401(k) Fridays Podcast Overview

Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your workplace retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over seventy prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Jul 7, 2017

This is a replay of my conversation with Nicholas Dobelbower, Vice President and Practice Leader of Lockton's Global Benefits Practice.  Just a preview of things to come, your 401(k), it doesn’t work outside the U.S.!  So, let’s go for a trip around the globe to discuss the topics, trends and concepts employers who have employees outside the US should be aware of.  Whether you have newly acquired international employees or you have been deeply involved with global retirement benefits, or you are just curious what goes on in other countries, this is an incredibility valuable episode.  We touch on considerations for employers who are looking to harmonize retirement benefits levels on a global basis, things to know before making any changes to non-US retirement benefits programs and plenty of examples to help you along the way! 

 

Guest Bio

Nick is the Practice Leader for Intellectual Capital in Lockton’s Global Benefits Practice. He is responsible for developing and maintaining comprehensive global benefits resources, including compliance, statutory requirements, market practice, and benchmarking. He ensures that Lockton’s global consultants effectively leverage the firm’s data and information resources to address the needs of their multinational clients.

He manages a team of research consultants who work with Lockton global offices to develop statutory and market practice information on employee benefits provisions around the world. Nick also works directly with multinational clients to develop, implement, and support international employee benefits strategies, including local employee benefits, business travel and expatriate programs, regional plan consolidation, and multinational pooling and captives.

Nick brings to Lockton a well-rounded professional and academic background. His professional experience includes extensive international consulting and research work with multinational clients and establishing and managing affiliate relationships. He has presented at numerous professional conferences and contributed to leading industry publications on international benefits topics. His academic experience includes faculty positions and French and Francophone studies at Macalester College, Bucknell University, and Duke University.

Nick is fluent in French and proficient in Spanish and Italian. He also has experience in web and graphic design. In his down time, he participates in charity bicycle races and marathons. 

Professional Designations and Affiliations

  • ™  Diploma in International Employee Benefits (DipIEB)

  • ™  Certified Employee Benefits Specialist (CEBS)

  • ™  Global Professional in Human Resources (GPHR)

  • ™  Certificate in Global Benefits Management (IFEBP)

  • ™  Certificate in International Benefits (IBIS Academy)

  • ™  Life, Accident, and Health Insurance License

 

401(k) Fridays Podcast Overview

Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over seventy prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

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