Save for retirement or save for college? This is the age old debate that many struggle with. To shed some light on the subject I am happy to welcome Peg Creonte, President of Government Savings at Acensus. During our conversation we delve into some of the similarities and differences between 529 plans and 401(k) plans, ways that employers as part of their total rewards or benefits offering can help their employees save or pay for the cost of higher eduction and offer input on whether an employer can match contributions to a 529 plan. Great stuff, I learned a lot and it was a trip down memory lane for me in a way as well.
Guest Bio
Peg Creonte is president of Government Savings at Ascensus, the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States.
Peg is responsible for setting the vision and strategy for the firm’s Government Savings line of business and charting its course for future growth. She joined Ascensus in 2004 and has served in leadership roles across business development, platform development, and system implementation. Peg has also led and managed several large 529 and ABLE program client conversions.
Prior to Ascensus, she held leadership and consulting roles in software and semiconductor firms. Peg holds a B.S. in Electrical Engineering from Tufts University and an M.B.A. from Cornell University.
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 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
What does the future hold for 401(k) and other workplace retirement plans? Good question, and I am excited to have Josh Cohen, Head of Institutional Defined Contribution at PGIM and the host of the podcast “The Accidental Plan Sponsor” join me today. We take a few minutes to set the stage with some important retirement plan trends and milestones, then we jump into where we go from here. Josh shares the good, as well as where he things workplace retirement plans can improve in the future. Good stuff, and hope you get as much out of the conversation as I did!
Guest Bio
Joshua R. Cohen, CFA, is a Managing Director in PGIM’s Institutional Relationship Group (IRG). Josh provides expert counsel and thought leadership to large Defined Contribution plans on investment issues ranging from plan design, Qualified Default Investment Alternatives (QDIA), implications of regulatory change and implementation. He works on developing innovative solutions and thought leadership to help plan participants accumulate the wealth needed for their retirement.
Highly regarded throughout the industry and a recognized DC thought leader, Josh served a three-year term (2013-2015) as a member of the Department of Labor’s ERISA Advisory Council on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act. In 2016, Josh was identified by Chief Investment Officer (CIO) magazine as one of the world’s most influential investment thought leaders by being named to the annual Knowledge Brokers list. This marked the fourth consecutive year he received this recognition.
Josh earned his BA from the University of Michigan and an MBA from the University of Chicago. He holds the Chartered Financial Analyst (CFA) 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 retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!