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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: March, 2020
Mar 27, 2020

If you are looking for a great conversation about the realities, challenges and opportunities for individuals on their journey to retirement, this is the episode for you. If you want information and perspectives on the coronavirus, hold onto that thought for a minute. This episode features my conversation with Katherine Roy, Managing Director, Chief Retirement Strategist and Head of Individual Retirement for J.P. Morgan Asset Management. During our conversation we hit on many of the key points and Katherine’s perspectives on J.P. Morgan’s recently released Guide to Retirement. We talk about what she wishes people spent more time thinking about, thoughts on how your prioritize different savings goals, how employers can better support their employees as they prepare for retirement, an urban legend or two and one of Katherine’s favorite topics, the Roth 401(k) feature. You can find a link to JP Morgan’s Guide To Retirement and more information from this episode at 401kfridays.com/retirement2020. Great stuff, be sure to check it out. 

 

Before we get started, this episode was recorded prior to recent major market events driven by the Coronavirus. Everything we talk about is very relevant, but if you want to hear more about that, there is double header episode this week where we provide updates for employers about Key 401(k) Plan Management Considerations During COVID-19. That one features yours truly, be sure to check that out as well. 

 

That’s it, I hope you enjoy my conversation with Katherine!

Guest Bio

S. Katherine Roy, Managing Director, is Chief Retirement Strategist and Head of Individual Retirement for J.P. Morgan Asset Management. In this role, Katherine is responsible for delivering timely personal retirement-related insights to financial advisors. Focused on the retirement income-related landscape for more than 15 years, Katherine specializes in identifying themes, strategies and solutions that can help advisors successfully partner with individuals in the transition and distribution life stages. 

Katherine is consistently ranked as a top speaker at major industry and firm-specific conferences and events. She also has been interviewed and quoted in the financial press on a variety of key retirement planning topics. 

Prior to joining the firm, Katherine was Head of Personal Retirement Planning & Advice at Merrill Lynch, where she led strategy and innovation in retirement income solutions for individuals, and the retirement planning, advice and guidance programs available to integrated benefits plan participants. She also held several roles in financial planning product development, participant communications and consulting, and interactive client experience initiatives. Katherine received a B.A. from Yale University and is a Certified Financial Planner®.

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 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Mar 27, 2020

This episode is a first in nearly, 200 episodes. We don't have a guest. With as quickly as the financial markets, business conditions and the economy are changing I thought it might be helpful to share some timely information. My commentary is derived from a recent webinar I hosted and covers a brief update on the financial markets, ideas to communicate with employees, process to suspend your match, plan administrative questions and fiduciary considerations. 

We have also have a second episode this week which I released separately which follows our more traditional path. It features my conversation with Katherine Roy of J.P. Morgan discussing her perspective on their Guide to Retirement report. 

Finally, if you like this episode and would like me to do more of them when the times call for it, let me know. Either shoot me an email to feedback@401kfridays.com or leave a comment on LinkedIn. Hope you enjoy!

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 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Mar 20, 2020

In this unprecedented economic and market environment it is more important than ever for employers and their retirement service partners to work well together. This week I am excited to welcome back Tom Kmak, the CEO of Fiduciary Benchmarks to share his perspectives. Tom has a great message that is simple in concept but not always followed by employers or their service partners. We also delve into his forward looking thoughts around the effectiveness of workplace retirement plans, creating retirement income for employees, as well as some potential threats and obstacles for employers and the retirement industry. If you like what you hear from Tom today, be sure to check out our prior conversations on the podcast as well. 

 

Before we get started, I would encourage you to look up and follow our guests on the podcast on LinkedIn and Twitter. They love the connections and have a lot to share. Also, if for any reason you are not following me on LinkedIn or Twitter or you are not subscribed to the podcast you can take care of that today by going to 401kfridays.com/subscribe. 

Guest Bio

Tom Kmak is the CEO and co-founder of Fiduciary Benchmarks, 2007 to current.  Fiduciary Benchmarks (FBi) is a financial services technology firm that helps clients protect their current revenue streams via their patented benchmarking service.  Since being founded in 2007, FBI has developed other technologies that help services providers grow their business, manage their business as well as provide research and competitive intelligence on a number of retirement related issues.  Their most recent innovation, the Business Management Dashboard, has been selected by a number of the most prestigious Advisory firms in the business.

Prior to founding FBi, Tom Started the JPMorgan Retirement Plan Services business in 1990 with American Century.  Upon leaving in October 2007, that business employed 1,100 people serving 200 large plan sponsors with over 1.5 million participants and more than $115 billion in assets.

During his 18 years with Retirement Plan Services, the company initiated numerous industry firsts including no blackout conversions and the innovative employee education program, Audience of One.  Tom also served on the Executive Committee for JPMorgan’s asset management business.

Named by Ingram’s magazine as one of Kansas City’s inaugural class of “Forty most influential people under Forty,” Tom is a recognized expert in the retirement services industry who has been a featured speaker at various conferences and has published articles in some of the most well-known periodicals in the industry.

Graduated Phi Beta Kappa from DePauw University with B.A. degrees in Economics and Computational Mathematics.  First graduate of Management Fellows Program and 3 year letterman in inter-collegiate basketball.

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 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Mar 13, 2020

Volatility, is an understatement when describing current conditions in the financial markets. To help interpret some recent events and offer thoughts on where we go from here, I am excited to welcome back Scott Kimball, CFA who is a Portfolio Manager with BMO Asset Management. During our conversation he shares very level headed thoughts on what triggered one of the quickest corrections in the stock market we have seen, the rationale for the rapid decline in interest rates, the driving force behind a fall in oil prices, what politics has to do with all this and how could we not talk about the impact of the Coronavirus or COVID-19. Also, be sure to stick around for his wrap up as he shares his thoughts for 401(k) plan sponsors and their employees. We also have a great bonus question this week, check that out at 401kfridays.com/volatility.

One quick request, if you have been enjoying the podcast please be sure to mention it to a friend, colleague or anyone else you think might benefit. Easiest thing to do is suggest they search “401(k) Fridays” on your favorite podcast app, or go to our website at 401kfridays.com. As our audience continues to grow, it helps me secure great guests like Scott that hopefully help you!

Guest Bio

Scott Kimball is a Portfolio Manager with BMO Global Asset Management. He is responsible for the firm’s investment policy and strategy and manages client portfolios. He joined BMO in 2007 and served as a research analyst prior to joining the portfolio management team in 2011. He is also a member of the management committee.

Previously, Scott held positions at Merrill Lynch and other boutique investment firms. He began his career in the investment industry in 2003.

Scott holds an M.B.A. from the University of Miami and a B.A. in international business from Stetson University.

In addition, he is a CFA® charterholder.

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 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

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