For years I have been using Vanguard’s annual “How America Saves” as a reference guide for retirement plan statistics and benchmarks. Today, I am excited to welcome Jeff Clark, a Senior Product Owner in Vanguard’s Strategic Retirement Consulting group and the lead author of How America Saves as well as other retirement research initiatives. As you might expect, this episode focusses on plan design, some statistics, its importance, trends and a few popular topics or ideas that have been discussed where the data does not exactly pan out. I learned a lot, I hope you do as well. 

Before we get started, thank you to our listeners who have shared engaged with us on social media. Most of what we post is on LinkedIn, next time you are on there, feel free to share a podcast episode you have enjoyed, or like or comment on a post we create. That goes a long way to helping more people discover the podcast and helps me attract great guests like Jeff. 

Guest Bio

It's been a little while since we have had an episode to discuss what is going on in the world of 401(k) litigation. To dive into that, I am happy to welcome back Carl Engstrom, plaintiff’s attorney with Nichols Kaster to the podcast. As usual, Carl brings a very thoughtful and informed view on what is going on with 401(k) litigation, his thoughts on why some cases move towards settlement and others are dismissed, and the inevitable question of where things go from here. Buckle up, this episode moves fast and covers a lot of ground. I hope you enjoy!

Guest Bio

Carl is the subject matter expert and origination specialist on Nichols Kaster’s ERISA Litigation Team. As a founding member of the ERISA litigation group, Mr. Engstrom has worked in some capacity on every case brought by the group since its inception in 2015.  In that time, the ERISA litigation group has negotiated settlements totaling over $150 million on behalf of retirement plan participants shortchanged by excessive fees and imprudent retirement plan investments. Before joining Nichols Kaster, Mr. Engstrom clerked for judges at both the Minnesota Court of Appeals and Hennepin County District Court.  Prior to entering the legal profession, Mr. Engstrom spent six years working as a financial advisor, providing retirement and investment advice to hundreds of clients, and earning the Certified Financial Planner™ 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!

Things are moving fast in the financial markets and economy. In turbulent times, the decisions you do or don’t make have a big impact on the future success of your retirement plan. To help digest some macro events and share a few 401(k) panic buttons to avoid, I am happy to welcome Jamie Battmer, Chief Investment Officer for Lockton Retirement Services to the podcast. I won’t steal Jamies thunder, but let’s just say I learned a lot of hope you get as much out of it as I did. 

Guest Bio

Jamie leads the investment research team that recommends portfolios to Lockton clients. His other duties include consulting, speaking, and writing on market and economic trends, providing fiduciary documentation on investment decision-making,
and developing new asset-management tools and capabilities, such as model portfolios or custom-asset allocation glide-paths.

Jamie has more than 20 years of experience analyzing individual securities, constructing portfolios, and providing economic and market commentary.

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!

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!

If you have tried to buy almost anything in the last several months, there is a good chance it costs you more today than it did previously. These cost increases, or inflation, have been a dominant topic of conversation both at the proverbial water cooler as well as with economists. I can’t solve the water cooler part, but I am excited to welcome back to Frances Donald, Senior Managing Director & Head of Macro Strategy at Manulife Investment Management. We of course talk about inflation, and Frances is not shy to share her opinions. Great stuff, and should really get you thinking and help put a lot of things in perspective. 

Before we get started, this is my second conversation on the podcast with Frances, while you don’t have to listen to the first one, it is worth checking out. To do that, just scroll through the episodes on your favorite podcast app. There are over 200 prior episodes, so if any other topics or guests catch your eye feel free to listen to those as well. Most episodes are evergreen in their content so even if we recorded them a month or a few years ago, still good info to take it. 

Thats it, I hope you enjoy my conversation with Frances!

Guest Bio

Frances Donald is a Senior Managing Director, Chief Economist & Head of Macro Strategy at Manulife Investment Management. In her role she forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the firm’s multi-asset solutions team, she coordinates global macro research, assists in the team’s return forecasting process, and contributes to portfolio positioning views.

Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada. Frances is a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC.

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!

You are probably wondering, first, how do you possibly make a full episode out of retirement plan document restatements and other related topics, and second, how do you make it interesting? Well, when you have Alison Cohen, ERISA Attorney and Partner at the Ferenczy Benefits Law Center, it is a piece of cake! Not much description need on this one, but plenty of good nuggets of info and best practices. Also, Alison mentioned a "Record Retention Policy Statement" which you can find a link to in the show notes. 

Before we get started, if you have been enjoying the podcast please leave a review or rating on your favorite podcast service or app. That feeds the crazy algorithms and helps more people find the podcast. 

Guest Bio

What a treat, today I am please to welcome Preston Rutledge, Founder and Principal of the Rutledge Policy group and previously Assistant Secretary of Labor for the EBSA and prior to that, senior tax and benefits counsel for Chairman Orrin Hatch on the US Senate Finance Committee. During our conversation we hit on a few good stories from his civil service days, talk about the concepts behind the SECURE Act and where we go from here, potential tax changes and the impact on retirement plans and much more. Definitely a good one to check out and share!

On that note, if you have been enjoying the podcast, please do take a minute to mention to a friend, colleague or networking group. As our audience continues to grow, it makes it easier for me to find high quality guests like Preston. 

That’s it, I hope your enjoy our conversation!

Guest Bio

Preston Rutledge is the Founder and Principal of Rutledge Policy Group, LLC. With an uncommon combination of expertise both in legal and tax matters, he is a sought-after consultant and speaker in the areas of retirement, health plans, taxation, and environmental, social and governance (ESG) investing. 

Prior to founding Rutledge Policy Group, Preston was the Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA). At EBSA, he led the drafting and publication of guidance to implement retirement, health, and workplace benefits policies and oversaw a nationwide team of over 800 employee benefits professionals. In international affairs, Preston led the U.S Delegation on private pension policy at the Organization for Economic Co-operation and Development (OECD) in Paris, France. Preston was a member of the OECD Insurance and Private Pensions Committee, and served as Chair of the OECD Working Party on Private Pensions. Preston also worked closely with the OECD affiliated International Organization of Pension Supervisors (IOPS). 

Before joining the Department of Labor, Preston served as senior tax and benefits counsel for Chairman Orrin G. Hatch (R-UT) on the Majority Tax Staff of the US Senate Finance Committee. Preston had the retirement, non-profit, and insurance tax portfolio during tax reform in 2017, and he drafted the Chairman’s primary retirement initiatives: the Secure Annuities for Employee (SAFE) Retirement Act and the Retirement Enhancement and Savings Act (RESA). RESA became the SECURE Act, the most sweeping reform of retirement savings policy in over a decade. 

Prior to joining the Finance Committee, Preston served as a senior tax law specialist for retirement and non-profit policy on the Headquarters Staff of the Tax Exempt and Government Entities Division of the Internal Revenue Service. Earlier in his career he served as a law clerk on the United States Court of Appeals for the Fifth Circuit and worked in private law practice as an employee benefits counselor and ERISA litigator. 

Preston earned a BS in business, cum laude, from the University of Idaho; JD, with high honors, from the George Washington University School of Law, where he was a member of the Law Review; and an LLM – taxation, with distinction, including a certificate in employee benefits law, from the Georgetown University Law Center. Prior to law school Preston was a Naval Officer, and served on the U.S.S. Bagley (FF-1069) 

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!

Guest Bio

Joshua Dietch is the group manager of Retirement Thought Leadership in Global Brand Marketing. Joshua is responsible for leading a team of researchers and writers who create retirement thought leadership in support of the firm's workplace retirement, intermediary, and institutional businesses. He also is a vice president of T. Rowe Price Associates, Inc.

Joshua’s investment experience began in 1995 and he has been with T. Rowe Price since 2017. Prior to this, he was employed by Strategic Insight as head of Retirement and Institutional. He also was managing director with Chatham Partners, director of Product Marketing and Management with ADP Retirement Services, and associate director of Institutional Markets with Cerulli Associates. 

Joshua earned a B.A. in history from Bates College. He is a Series 7 and 66 registered representative. Joshua is a member of the Defined Contribution Institutional Investment Association and its Retirement Research Center as well as a former member of its Executive Committee.

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 do current equity valuations and bond yields potentially mean for returns in the coming decade? Today, Rob Arnott, Chairman of Research Affiliates gets out his crystal ball and shares his thoughts. If you have heard Rob on prior episodes of the podcast, you will know he is not shy and doesn’t pull any punches. More importantly, he also shares a some good ideas for retirement plans on how they can design investment menus by understanding where we are today and looking forward into the coming decade. If you like what you heard today, Rob has three prior appearances on the podcast you can check out. Links are in the podcast episode notes. 

Before we get started today, I am always looking for new ideas for podcast guests, topics or questions. If you have something or someone in mind that would benefit retirement plan sponsors or those who partner with them, send me an email to feedback@401kfridays.com. 

Prior Episodes with Rob Arnott

The Death of Investment Diversification?

Tariffs, Interest Rates & Market Volatility

Avoiding The Bubble in Complacency

Do Third Pillar Investment Belong In Your 401(k)?

Guest Bio

Rob Arnott is the founder and chairman of the board of Research Affiliates, a global asset manager dedicated to profoundly impacting the global investment community through its insights and products. The firm creates investment strategies and tools based upon award-winning research, and delivers these solutions in partnership with some of the world’s premier financial institutions. Rob plays an active role in the firm’s research, portfolio management, product innovation, business strategy and client facing activities. With Chris Brightman, he is co-portfolio manager on the PIMCO All Asset and All Asset All Authority funds and the PIMCO RAE™ funds.

Over his career, Rob has endeavored to bridge the worlds of academic theorists and financial markets, challenging conventional wisdom and searching for solutions that add value for investors. He has pioneered several unconventional portfolio strategies that are now widely applied, including tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and the Fundamental Index™ approach to investing. His success in doing so has resulted in a reputation as one of the world’s most provocative practitioners and respected financial analysts.

In 2002, Rob founded Research Affiliates as a research-intensive asset management firm intent on delivering innovative and impactful products and insights. Using a unique business model, Research Affiliates delivers investment solutions globally in partnership with leading financial institutions. Rob served as chairman and CEO from 2002 to 2018.

Prior to establishing Research Affiliates, Rob managed two asset management firms. As chairman of First Quadrant, LP, he built up the former internal money manager for Crum & Forster into a highly regarded quantitative asset management firm. He also was global equity strategist at Salomon Brothers (now part of Citigroup), the founding president and CEO of TSA Capital Management (now part of Analytic Investors, LLC), and a vice president at The Boston Company.

Rob has published more than 130 articles in such journals as the Journal of Portfolio Management, Harvard Business Review, and Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. In recognition of his achievements as a financial writer, Rob has received seven Graham and Dodd Scrolls, awarded annually by CFA Institute to the top Financial Analysts Journal articles of the year. He also has received four Bernstein Fabozzi/Jacobs Levy awards from the Journal of Portfolio Management. He is co-author of The Fundamental Index: A Better Way to Invest (Wiley 2008).

Rob Arnott received a BS summa cum laude in economics, applied mathematics, and computer science from the University of California, Santa Barbara.

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!

At least once a year it makes sense to check in on what our friends at the state run retirement plans are up to. Today, I am happy to have Katie Selenski, the Executive Director of CalSavers, the California State Retirement Plan and Dylan Giambatista, the with the new Vermont or Green Mountain Secure Retirement Plan. Katie shares some encouraging data on what they are seeing thus far from CalSavers and Dylan shares the unique approach Vermont took to creating their retirement plan. I learned a lot, hopefully you do as well. 

Before we get started, if you are not already on our email list, make sure you take care of that today. We will announcing our next webinar on Pooled Employer Plans shortly. Go to www.401kfridays.com/subscribe today. 

Here are the statistics from the CalSavers plan Katie mentioned. 

Guest Bios

Katie Selenski is the Executive Director of CalSavers, the State of California’s pioneering retirement savings program that provides a path to retirement security for Californians who lack access to a retirement plan at work. Appointed by the State Treasurer in 2017 shortly after legislative passage, Ms. Selenski took CalSavers from concept through design, build, and launch. Ongoing marketing for the three-year rollout aims to engage an estimated pool of more than 250,000 employers and their eight million employees.

Prior to taking the helm at CalSavers, Ms. Selenski was the State Policy Director for pension policy at The Pew Charitable Trusts in Washington, D.C., where she advised policymakers in a dozen states and cities. Previously, she was a senior manager with the nonpartisan public sector consulting firm Harvey M. Rose Associates, based in San Francisco, where she advised municipal leaders on a wide array of budget, management, and policy matters, including pensions. Earlier, she was a municipal bond rating analyst at a leading rating agency, a legislative aide in the California Assembly, and the director of an historic statewide youth voter turnout initiative.

Ms. Selenski is a graduate of the University of Chicago and the John F. Kennedy School of Government at Harvard University.

Dylan Giambatista is the Director of Outreach & Financial Literacy for the Office of the Vermont State Treasurer, where he is a member of the project management team for the Green Mountain Secure Retirement Plan. Dylan served in the Vermont House of Representatives from 2017 until January 2021. He was a member of the House Education Committee, and was elected Assistant Majority Leader. Prior to his service in the Vermont General Assembly, Dylan was Chief of Staff to the Vermont Speaker of the House. He is a Trustee on the Vermont State Colleges Board of Trustees and serves on several community boards.

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!

If you couldn’t tell, the COVID pandemic and its impact on the economy, retirement plans and individuals has really gotten me thinking. Along those lines, a recent presentation from this week’s return guest, David Blanchett, the head of retirement research for Morningstar’s Investment Management group, on Total Economic Worth, struck a chord. A very interesting concept that I felt was very applicable to retirement plans to help communicate the importance of saving today and how that translates to resources to fund your lifestyle in retirement. We cover that and much more today in a fast paced and entertaining episode. If you listen to your podcasts on 1.5 or 2 times the normal pace, you might not want to do that for this one. Also, if you didn’t know you can listen to podcasts at a faster pace, your welcome and now you can listen to more episodes in a shorter period of time!

If you like what you hear from our guests on the podcast, be sure to look them up on LinkedIn or other social media sites. Let them know you enjoyed listening to them on the 401(k) Fridays Podcast and engage what the put out into the world. That always helps great repeat guests like David have an easy decision on whether to join me again. 

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

Guest Bio

David M. Blanchett, PhD, CFA, CFP^® is head of retirement research for Morningstar Investment Management LLC. In this role, he helps develop and maintain methodologies relating to wealth forecasting, general financial planning, automated investment selection, and portfolio assignment for Morningstar Investment Management LLC. Prior to joining Morningstar, he was the Director of Consulting and Investment Research for the Retirement Plan Consulting Group at Unified Trust Company. He has published over 100 papers in a variety of industry and academic journals. His research has received best paper awards from the Academy of Financial Services (2017), the CFP Board (2017), the Financial Analysts Journal (2015), the Financial Planning Association (2020), the International Centre for Pension Management (2020), the Journal of Financial Planning (2007, 2014, 2015, 2019), and the Retirement Management Journal (2012). 

He is currently an Adjunct professor of Wealth Management at The American College of Financial Services, an Expert Panelist for the Wall Street Journal, a member of the Executive Committee for the Defined Contribution Institutional Investment Association (DCIIA), and a member of the ERISA Advisory Council.  In 2014, InvestmentNews included him in their inaugural 40 under 40 list as a “visionary” for the financial planning industry, and in 2014, Money magazine named him one of the brightest minds in retirement planning. He holds a bachelor’s degree in Finance and Economics from the University of Kentucky, a master’s degree in financial services from the American College, a master’s degree in business administration from the University of Chicago Booth School of Business, and a doctorate in personal financial planning program from Texas Tech University. When David isn’t working, he’s probably out for a jog, playing with his four kids, or rooting for the Kentucky Wildcats.

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!

The financial markets have started the decade on a feverish pace despite a brief pandemic induced bear market. Today, Dr. David Kelly, CFA with J.P. Morgan Asset Management joins me to share his thoughts on where we go from here. As usual he has great insights on what it will take to get some inflation in the economy, what impact new policies from the Biden administration could have on financial markets, and with the current equity valuations and low interest rates, does that mean employers should be thinking differently about investment diversification in their retirement plans?

For more insights on the financial markets from the J.P. Morgan Asset Management Team, check out their Guide to the Markets.

Guest Bio

Dr. David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With over 20 years of experience, David provides valuable insight and perspective on the economy and markets to the institutional investor and financial advisor global communities.

Throughout his career, David has developed a unique ability to explain complex economic and market issues in a language that financial professionals can use to communicate to their clients. He is a keynote speaker at many national investment conferences and a frequent guest on CNBC, Bloomberg, and other financial media outlets.

Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments. He has also served as a senior strategist/economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill.

David is a CFA® charterholder. He also has a Ph.D and M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland.

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!

Happy New Year! I could not think of a better way to kick off 2021 than with an update from Pete the Planner on the impact of the pandemic on personal finances. Some of what he says you might expect, but the group of employees he feels are at the most risk will likely surprise you. That and a whole lot more are part of our conversation. 

As a reminder, if you have been enjoying the podcast please share with a friend, colleague, or peer group. Best thing to do is encourage people to search "401(k) Fridays" on their favorite podcast app, or go online to www.401kfridays.com. 

Enjoy!

Guest Bio

Peter Dunn a.k.a. Pete the Planner® is an award-winning comedian and an award-winning financial mind. He’s a USA TODAY columnist and the author of ten books, six of which were featured in a nationwide launch at Barnes & Nobles stores in January of 2015. He is the host of the popular radio show and podcast The Pete the Planner Show. Pete has appeared regularly on CNN Headline News, Fox News, Fox Business as well as numerous nationally syndicated radio programs. In addition to his work educating the public, Pete is also the CEO and Founder of Your Money Line and Hey Money. Your Money Line is a corporate financial wellness solution connecting employees to confidential, unbiased financial guidance. Hey Money is a direct-to-consumer monthly subscription that connects people to friendly financial experts. Pete lives in Carmel, Indiana with his wife and two young children.

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!

Admittedly, when I develop topics and content for the podcast I am generally catering to the mid to large plan market. Today, I am excited to welcome Chad Parks, the Founder & CEO of Ubiquity Retirement + Savings to discuss the world of small retirement plans. As you will hear, Chad brings his years of experience and is not shy to share his perspectives. We talk about everything from how do you define a small plan, how they are similar and different from mid to large plans, to the launch of PEPs, and potential changes to retirement plans with a new administration. We also get Chad looking into his crystal ball. Even if you don’t sponsor or support “small retirement plans”, there is a lot of great info here that might help you when your friend who does have a small plan has some questions. 

Before we get started, as we go into the New Year, tis the season of giving, please consider either sharing the podcast with a friend, or leaving a rating or review on your favorite podcast app. Either or both of those help us to grow our audience and continue to attract great guests like Chad. 

Guest Bio

Chad Parks is CEO and founder of the first online and flat-fee retirement service for small businesses: Ubiquity Retirement + Savings, formerly The Online 401(k). Known for his unique and irreverent approach to business and the financial industry as a whole, Chad is regularly quoted in national publications, including The Wall Street Journal, The New York Times, Fox Business, Yahoo! Finance, USA Today, CNN Money, Bloomberg Wealth Manager, Business Week, Entrepreneur and Plan Sponsor for his passion for small business and entrepreneurship.

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!

If you have stable value investments on your mind, my conversation today with Debbie Vince & Ken Sommers of New York Life should address your questions or concerns. We start with Debbie providing some background on stable value investments, how they work and some pros and cons compared to other cash equivalent options in workplace retirement plans. Then we transition to Ken for his thoughts on the realities of managing stable value investments in an historic low interest rate environment. Great stuff, if we missed anything shoot me an email to feedback@401kfridays.com. 

Disclosures:

The views and opinions expressed in this podcast are those of Debbie Vince and Ken Sommer as of [date podcast recorded] and are subject to change without notice.  Any forward-looking statements may not come to pass.

The information provided in this podcast is general in nature and is provided solely for educational/informational purposes. It is not intended as investment advice nor as a solicitation for any specific investment.

Stable value investments seek capital preservation, but there can be no assurance that this goal will be achieved. Returns will fluctuate with changing interest rates and market conditions.  A stable value fund is not a mutual fund. Money market funds are not guaranteed by the FDIC or any other government agency. They generally seek to preserve the value of an investment at $1.00 per share, but it is possible to lose money by investing in a money market fund. All investing involves risk, including the loss of principal.

Guest Bio

Could Retirement Income be the hot topic of 2021? It was supposed to be the hot topic of 2020, then we got a little derailed. To chat through this with be today, I am excited to have Doug McIntoch, Vice President of Investment with Prudential Retirement. We go through all the stuff you would expect us to. What is retirement income, what are the employer attitudes, what are employee attitudes, what are the lingering concerns despite the new protections provided in the SECURE Act. We also delve into public policy, the legislative environment and where we go from here. I hope you get as much out of this as I did!

Guest Bio

Douglas S. McIntosh, Jr. is vice president of Investments for Prudential Retirement. In this role, Doug supports the investment product function, working across the enterprise to source best-in-class investment & guaranteed solutions for retirement investors on Prudential’s recordkeeping platform and beyond. His team also oversees third-party asset managers that deliver on the promise to help Americans retire with dignity. 

Along with product development responsibilities, he works closely with the firm’s Regulatory and Legislative Affairs groups to promote understanding and use of investments and guaranteed outcome vehicles within DC plans. This work has taken him to the Department of Labor and both houses of Congress, and he is a frequent speaker at industry conferences (eg Institutional Investor, Pensions & Investments, SPARK).

Prior to his current role, Doug held the position of vice president, Investments within Prudential Annuities, in which he led all aspects of sales support and strategic direction for that division’s investment platform. Doug previously held the position of vice president, Distribution for Prudential International Investments, creating custom principle-protected and lifelong income products for the world’s largest asset aggregators. Earlier in his career in the United States, Doug held the role of vice president, Distribution for Prudential IncomeFlex within Prudential Retirement. 

Prior to working for Prudential Retirement, Doug was Director, International Sales for Mentor Ophthalmics, a specialty medical manufacturer, where he ran distribution in Europe, Asia and Latin America. This work was an outgrowth of his time working hands-on with patients in a large, international vitreoretinal medical and surgical practice (Retina Associates). As a result, he sat in on ophthalmic surgeries on six continents (if we include Australia). Direct interaction with patients and practitioners, in both the office and surgical suite, gave Doug a deep understanding of ocular anatomy, pathology and surgical technique, an interest which he maintains until the present.

Doug holds an MBA with Distinction in International Management & Finance from Cornell University, and received a B.A. in English & Communications from Fairfield University. Doug is currently a board member of both the Connecticut Secure Retirement Authority Board, and the Center for Latino Progress, and was formerly the chairman of the Pension Board for the Town of West Hartford CT. He speaks Spanish, French and Italian in addition to English, plus a little Portuguese. 

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!

Today’s episode came by request from several listeners, so thank you for that! The topic is retirement plan fees. My guest is Jim Scheinberg, Managing Partner of North Pier Search Consulting and North Pier Fiduciary Management. We started off with some basics on fees, then get into some of the tricker considerations such as how do you charge fees to plan participants, per head or pro-rata, how do you account for proprietary products when evaluating fees, whether institutional share classes are really the best choice and much more. We also left some things on the table as we ran out of time, so please send me your feedback and questions to feedback@401kfridays.com and I will get that worked into a part two with Jim. Also, the timing of that will be based on your feedback, the more we get, the sooner he will be back!

Also, if you have been enjoying the the podcast, next time you are on your favorite podcast app please leave us a rating or review. Those go a long way to help more people find the podcast and to help our show continue to grow. 

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

Guest Bio

Born and raised in the North Suburbs of Chicago, Jim Scheinberg came to Southern California in 1987 to pursue his B.A. in Political Science at University of California, Los Angeles. He achieved the Certified Investment Management Analyst (CIMA®) designation in 2001 from The Investment Management Consultants Association (IMCA®) in conjunction with the Wharton School of Business of the University of Pennsylvania. He is a published author, a frequently quoted resource to journalists, a regular speaker at industry conferences, and guest on finance podcasts. Jim also regularly serves as a consulting expert for U.S. government regulatory agencies and as an expert witness for ERISA litigation. He is also a member of the Chancellor's Cabinet of UCLA, sitting on the Board of Visitors of the Political Science Department. Jim passionately serves as a Court Appointed Special Advocate (CASA) for foster care youth in the Los Angeles County Children's Court system.

Jim began his career in venture capital in 1990 moving to general securities with Smith Barney Harris Upham in 1992. He joined Oppenheimer & Co., Inc. in 1994 as an Associate in the Oppenheimer Consulting Group, the firm's institutional investment management consulting department, where he worked with institutional fiduciary clients. In 2001, Jim founded what would become the Corporate Services Group of Oppenheimer Co., Inc. (CSG), where he eventually held the position of Director and Senior Vice President. CSG was an industry pioneer in providing conflict-free, fee-only investment consulting and fiduciary advocacy for institutional, participant-directed plan sponsors. In 2008, Jim and key members of CSG founded North Pier.

Professional Activities

Member of the Board of Visitors of the UCLA Political Science Department
Member of the Sharpe Fellows Selection Committee of the UCLA Economics Department
Member of Investment Management Consultants Association (IMCA)
Court Appointed Special Advocate for the Los Angeles County Children's Court

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!

When it comes to M&A activity in the retirement service provider ecosystem, there has been a lot of activity to say the least. This is something my guest, Dick Darian, the CEO of Wise Rhino Group saw coming and has been actively involved in. During our conversation we hit on a few recent headline grabbing announcements, how the traditional lines between traditional service provider roles continue to blur and the argument for how all of this M&A activity benefits employers, their retirement plans and participants. Dick also shares his thoughts on one of my observations that the M&A trends seem to be moving in the opposite direction of the litigation trends. Good stuff. 

If you liked what you heard today, check out my prior conversation with Dick back in February of 2019. In the coming weeks on the podcast we have thoughts on how the upcoming election could impact retirement plans, you might have seen a few headlines about that, we will tackle stable value funds in  this low interest rate environment.

Finally, if you are want to have a little fun while listening, my microphone died while recording this episode, see if you can tell when I had to switch things out. That’s it, I hope you enjoy my conversation with Dick!

Guest Bio

Dick Darian is a Partner at Wise Rhino Group. He lives in Charleston SC with his wife Mary and various four-legged friends. He enjoys spending time with family above all, especially his granddaughters Poppy, Parker, and Lottie!

Since relocating from the New York area in 2017, he has begun working with The College of Charleston assisting with classes within the business school's entrepreneurial program.

Dick’s interests beyond family and business include traveling, reading, sports, and music.

Hometown: San Diego, CA

Education: University of Arizona

Top 5 Albums of all time:
Pink Floyd – Dark Side of The Moon
Beatles – Sgt. Peppers Lonely Hearts Club Band
Black Sabbath – Paranoid
Bob Dylan – Blood on the Tracks
The Feelies – Crazy Rhythms

Musical artist you would most like to have a meal with (alive or dead):
Frank Sinatra

Song Lyric that best describes you:
Though you might hear laughing, spinning, swinging
Madly across the Sun
It’s not aimed at anyone
It’s just escaping on the run
And but for the sky there are no fences facing
-“Mr. Tambourine Man” – Bob Dylan

Musical Artist you would most like to see perform (alive or dead):
James Brown

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!

Tis the season for talk about elections and boy do we have that today. To lend some muscle to the conversation I have Nevin Adams with the American Retirement Association. We start at the top of the ticket as they say and discuss how who sits in the White House could impact retirement policy going forward, we hit on what that would mean to the priorities and focus of various government agencies, then we move to congress as a whole and hit on how influential races and committee leadership roles influence things. Finally, as we recorded this prior to the passing of Supreme Court Justice Ruth Bader Ginsburg, we have some written bonus content from Nevin you can find in the podcast notes in your podcast app about how a new Supreme Court justice could impact workplace retirement plans litigation. Check that out when you have a chance. 

While you are there, if you have been enjoying the podcast please leave a review or comment. That goes a long way to help more people find the podcast, continue to grow our audience and help me bring you great content and guests like Nevin. 

Bonus Question: Could a new Supreme Court Justice impact retirement litigation now or in the future?

Bonus Answer: Unlike many issues that come before the court, there don't seem to be the same kind of partisan splits in retirement issue outcomes.  In fact, the most recent case - the Intel decision that set the "actual knowledge" standard for participant awareness of disclosures was UNANIMOUS. 

The bottom line is that while every new justice brings a different experience and perspective to issues, but the impact of RBG's replacement is more likely to impact the legislative balance than it is the leaning of the Supreme Court.

That’s it, I hope you enjoy our conversation!

Guest Bio

Nevin E. Adams, JD, is Chief of Content Officer for the American Retirement Association, where he is responsible for all marketing and communications for the organization, as well as its sister organizations, ASPPA, the American Society of Pension Professionals and Actuaries, the National Association of Plan Advisors (NAPA), the ASPPA College of Pension Actuaries (ACOPA), and the National Tax Sheltered Accounts Association (NTSA).

Previously he was the Employee Benefit Research Institute’s Director of Education and External Relations, Co-Director of EBRI’s Center for Research on Retirement Income and Director of the American Savings Education Council, and prior to that spent a dozen years as Global Editor-in-Chief of PLANSPONSOR magazine and PLANSPONSOR.com, as well as PLANADVISER and PLANSPONSOR Europe magazines. He was the originator, creator, writer and publisher of PLANSPONSOR.com’s NewsDash. He began his retirement services career at Northern Trust in Chicago, where he later served in a variety of management roles, culminating in the development of a proprietary recordkeeping platform, and at Wachovia Bank, leading their defined contribution/recordkeeping businesses.

He has been honored three times by the National Association of Government Defined Contribution Administrators (NAGDCA) with their Media Recognition Award (in 2002, 2004 and 2013), and has regularly been noted as one of the Most Influential People in Defined Contribution by the 401kWire. He graduated summa cum laude with a BS in Finance from DePaul University in Chicago, Illinois and after a number of years working with retirement plans, also received his JD from DePaul 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!

A few months ago, Vanguard made a significant announcement about the future of their recordkeeping business. To be honest, there was a lot of confusion and questions about the rationale, details and what the future holds for them. To address those and many more questions I am excited to have Dean Edwards, a Principal and Head of Institutional Strategy and Market Leadership with Vanguard join me on the podcast. Our conversation has a great beginning, middle and end. You don’t want to miss any of it. I learned a lot from Dean, and hope you do as well. 

Coming up on the podcast we have conversation about politics, elections and 401(k) plans, in another episode we dive into some of the driving forces behind the M&A activity in the retirement ecosystem, we are going to explore best practices on plan fees and much more as we look to close out the year that has been 2020. If you aren’t subscribed to the podcast, take care of that today by searching 401(k) Fridays on your favorite podcast app or going to 401kfridays.com/subscribe

Guest Bio

Dean Edwards is a principal, a member of the Institutional executive leadership team, and the head of Vanguard Institutional Strategy and Market Leadership.  In this role, he oversees the strategy and innovation agenda for participant advice, the digital client experience, institutional product and service development, and thought leadership.  Dean has more than 15 years of experience in the asset management and recordkeeping industries.  In previous roles, he was responsible for the development and launch of Vanguard's participant advice and guidance offer, oversight of all plan participant marketing and digital experiences, recordkeeping operations and contact center, and leadership of the mega-market client service teams serving our largest 401(k) plan sponsors.  He also served as an engagement manager on Vanguard's internal strategy consulting team.  Dean earned a dual B.A. in business administration and communications at Ursinus College and an executive M.B.A. at Villanova University. He has also completed his Certified Financial Planner™ (CFP®) 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!

Episode Disclosures:

Hard to believe, but the economic and financial market impact of COVID-19 first materialized about seven months ago. Since then, we have been seen record breaking market volatility, a spike in unemployment, a recession in the U.S. economy, and dramatic changes to daily life and routines. With all that said, how are retirement savers weathering this storm? To share some details, I am excited to welcome back Nathan Voris, a Managing Director of Business Strategy with Charles Schwab Retirement Plan Services. In his role, Nathan is responsible for leading the client experience, platform, and product development strategy to help retirement sponsors, consultants, and participants meet their goals. During our conversation, he pulls from his observations and conversations as well as a the recent 2020 401(k) Participant Survey they recently completed. We covered everything you would expect us to. Some things are you would expect, and others aren’t. I f we missed anything please let me know. Shoot me an email to feedback@401kfridays.com or send me a note on LinkedIn. 

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

Guest Bio

Nathan Voris joined Schwab Retirement Plan Services in 2016. He is responsible for leading the client experience platform and product development strategy to help retirement sponsors, consultants, and participants meet their goals.

Mr. Voris previously worked at Morningstar, where he held several roles within Morningstar Investment Management, including portfolio management and asset allocation responsibilities. His most recent focus there was on product development and strategy for the retirement solutions, including wellness, advice and managed accounts, and target-date solutions.

He was also previously a consultant with R.V. Kuhns & Associates, where he worked with defined contribution plan sponsors to help improve asset allocation and solve other needs of plan participants. In that role, Mr. Voris was responsible for all aspects of portfolio construction, including asset allocation and manager selection/duediligence for plan sponsors, retirement plan providers, and asset managers. He began his career working for defined contribution plans, including Wal-Mart and the Ohio Public Employees’ Retirement System. Mr. Voris has earned a bachelor’s in education from the Ohio State 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!

The 401(k) world if nothing else loves its acronyms. Today, I am excited to welcome Alison Cohn, a Partner and attorney with Ferenczy Benefits Law Center to the podcast! Alison brings her quick wit and enthusiasm to a conversation around PEPs, MEPs, and SEPs which can generally be confusing or just plan dull. With new regulations coming online, understanding the differences, pros and cons and decision points will be important as we head into 2021. Also, I loved her analogy involving ships and barnacles. I will definitely be stealing that one in the future. 

General reminder, if you have been enjoying the podcast, please share with a friend, colleague or give us a shout out on social media. As our audience continues to grow, so does the caliber of guests I am able to bring to keep you informed and sometimes entertained. 

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

Guest Bio

Alison J. Cohen, J.D., APA, APR is a Partner with Ferenczy Benefits Law Center in Atlanta, Georgia.  Alison advises clients on many issues related to qualified retirement plans, including design, mergers and acquisitions, audits, and operational issues.   Alison commonly works with clients that have operational issues to guide them through the Internal Revenue Service (IRS) and/or Department of Labor (DOL) corrective programs, prepare corrective filings, and prepare and support clients through audits conducted by the IRS and/or DOL.

Alison is a member of the Georgia and California State Bars.  Prior to joining Ferenczy Benefits Law Center, Alison worked at a large bundled service provider for nearly 16 years as an Associate Vice President, Compliance Manager and Regulatory Liaison.  As part of her responsibilities there, Alison served as a national speaker on audit and correction issues.  She served on the Employee Plans Subcommittee of the IRS Advisory Committee on Tax-Exempt and Governmental Entities (ACT).  Alison has been actively involved with the National Institute of Pension Administration (NIPA) serving as a speaker, author, and developer/teacher, and received NIPA’s Excellence in Education Award in 2019.  The award recognizes outstanding educators within the national membership who have made significant contributions and improvements to NIPA’s educational programs.  She holds designations as an Accredited Pension Administrator (APA) and Accredited Pension Representative (APR) from NIPA.  Alison is also the current President of the Pension Education Council of Atlanta.  In 2019, Alison assumed co-authorship of “ERISA: A Comprehensive Guide,” along with Ms. Ilene H. Ferenczy.

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!

A major challenge for let's call it 40% of the workforce here in the United States is access to a retirement plan at work. Recently, several states have launched retirement plans to help provide more access to workers and close the coverage gap. To discuss this and more, I am happy to welcome back to the podcast, Lisa Massena, Principal at Massena & Associates. During our conversation Lisa shares her experience and insights helping launch the state retirement plan in Oregon and now actively partnering with other states and institutions looking to improve retirement security for millions of workers. 

Coming up on the podcast, we have episodes which hit on the new Pooled Employer Plans or PEPs, the impact of COVID on workplace retirement plans, a conversation with Vanguard about their decision to partner with Infosys, thoughts on retirement policy in the upcoming election and more! If you are not subscribed to the podcast, take care of that today by searching 401(k) Fridays on your favorite podcast app or going to www.401kfridays.com/subscribe. 

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

Guest Bio

Lisa A. Massena, CFA, is a retirement leader partnering with governments and service providers to develop savings programs focused on increasing private sector retirement coverage.

In 2020 Lisa founded Massena Associates to help clients successfully navigate new spaces, achieving on-budget implementation, state of the art operations, and happy users.

Services to support these outcomes include strategic advice on market position and opportunities; financial analysis; program design and development; implementation planning and support; issue expertise and testimony; marketplace updates and education; and communication.

Prior to establishing Massena Associates, Lisa served on the Government Savings team at Ascensus, the nation’s largest independent recordkeeper, and as the founding Executive Director of the OregonSaves program. She has also held executive positions at State Street and mPower. Lisa is a Chartered Financial Analyst and a graduate of Portland State 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!

We have talked about Regulation BI and the DOL’s Fiduciary Rule before on the podcast, however, it has been a while. Reg BI is now live and the DOL’s Fiduciary Rule has been revamped after its prior version was vacated a while back. To share an overview of what each are, the impact on plan sponsors, participants and industry I am happy to welcome Chris Giorgi and Carrol Waddel, both with Empower Retirement to the podcast. Chris provides great background and perspective on the legal front as Associate General Counsel and Carrol offers her insights on how all of this will impact plan sponsors and workplace retirement plan participants. We also hit on the role of advice in the post COVID world and what that could mean for all involved. 

That’s it for now, I hope you enjoy my conversation with Chris and Carrol!

Guest Bios

Chris Giorgi is Assistant General Counsel for Empower Retirement. Prior to joining Empower, he served as Senior Counsel in the legal and compliance department for Putnam Investments and as Director of the ERISA compliance team for The Hartford. He has 27 years of experience in ERISA legal and compliance matters. 

Chris holds a bachelor’s degree from the University of Massachusetts, Amherst and a Juris Doctor degree, cum laude, from Suffolk University and is a member of the Massachusetts Bar. He is the co-chair of the Boston Bar Association’s ERISA Committee and a member of various industry groups, including the ICI Pension Committee. He also maintains FINRA Series 6, 26 and 63 securities registrations and holds FINRA Series 7 credentials. 

Carol Waddell is Senior Vice President and Head of the Retirement Solutions Group for Empower Retirement. In her role, she oversees the teams that deliver guidance, advice, managed accounts, and financial wellness and planning across all corporate and government defined contribution segments for Empower and leads the consumer IRA, taxable and Empower Brokerage businesses. 

Previously, Carol served as Head of Product and Marketing for J.P. Morgan Retirement Plan Services. At J.P. Morgan, she led product management and development, which included products, services, tools and websites for advisors, plan sponsors and participants, and oversaw the firm’s marketing strategy and communications, segment management and award-winning participant experience. 

Carol has also worked for T. Rowe Price, where she served in various leadership roles. In addition to providing oversight for defined contribution, defined benefit and nonqualified plan product development and marketing — including customer digital channels; investment products; and services for intermediaries, plan sponsors and participants — she contributed significantly to the firm’s overall retirement income and target date product strategies. Carol has also served at Citibank in a variety of positions focused on marketing and customer experience. 

Carol holds an MBA from Loyola University Maryland. She currently maintains the FINRA Series 6 securities registration and holds FINRA Series 7 and 24 credentials. 

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!