Measuring Employer Cost of An Aging Employee Population
Historically, the importance of the link between participant analytics and business success metrics has been at best undervalued and, at worst, completely ignored. Now, this leading-edge approach to retirement plan management allows a plan sponsor to take a once overlooked, “lazy” or quiet employee benefit and transform it into a strategic lever for workforce and organizational optimization. This session begin with identifying the challenge ahead and the components driving it. These components are measured as an overall organizational liability to understand the impact to the organization. Prescriptive solutions are identified to offset the emerging liability and to minimize the impact on the employer for long-term sustainability and viability of both parties.
Rocke D. Blair, Practice Leader
White Oak Advisors
Historically, employees and employers relied upon defined benefit plans to “off-board” employees on time and on their terms. Today, defined contribution plans are the primary source of retirement income for employees who find themselves responsible for their own retirement adequacy since they are required to contribute the funding and to manage the assets, unfortunately, most are unprepared to do so; therefore, they find themselves working longer. With longer working years well past normal retirement age, these employees disproportionately use more medical, prescription drug, disability, etc., benefits than younger, new hires causing the over-all benefit budget to expand. Today, we have tools to quantify this benefit budget expansion as a company liability and offer prescriptive solutions to address it.
John M. Kutz, APRC, CMFC®, Sales Director
Legg Mason Investor Services, LLC
Aging and its financial implication: Planning for housing
Created in partnership with Johns Hopkins University School of Nursing and their Center for Innovative Care
in Aging, this workshop provides comprehensive information on housing options in retirement and insight on the associated financial planning implications. It is estimated that on average, at age 75, 36% of one’s retirement income goes toward housing.Most clients are not planning for, or prepared for, this expense, and this program will help educate participants on housing options and the relevant costs.
Ami R. Hindia, AIF®, CRPS®, Senior Vice President
- Areas of survey focus
- Plan design
- Fiduciary duties
- Sponsor engagement
- Fidelity resources and support
Michael Clark, FSA, EA, FCA, MAAA, Director & Consulting Actuary
- Recent studies show that not only are people living longer but the rate of longevity improvement has been consistent over the last century
- How much a person needs in retirement (and when they will be able to retire) will largely depend on two factors: savings rates and life expectancy
- Defined contribution plan sponsors need to be able to address the following factors to help their employees prepare for retirement:
- Plan participation
- Contribution level
- Proper investment strategy
- De-cumulation phase
Rocke Blair is Practice Leader and Lead Consultant for Healthcare clients in the Midwest for White Oak Advisors. Prior to joining White Oak Advisors, Rocke served as Regional Vice President for Transamerica Retirement Solutions/Diversified for 20 years and has been in the employee benefits industry over 25 years. He brings experience of the vendor marketplace and industry background working with healthcare organizations, manufacturing, financial institutions and non-profit organizations.
Rocke has worked with clients who have complex retirement plan structures including defined contribution plan (profit sharing, 401(k), 403(b), 457) and defined benefit plans. His specialty is the consolidation of multiple plans onto a single recordkeeping platform for optimizing plan sponsor resources, plan efficiencies and improved reporting while improving the retirement outcome for plan participants and effectiveness for plan sponsors.
He is a member of the American Society of Pension Professionals & Actuaries, founding member of the Cincinnati Retirement Professionals Association and frequent speaker on, “Mitigating the emerging liabilities from an aging workforce” at regional plan sponsor conferences and webinars.
Rocke has the Certified Employee Benefits designation from the International Foundation of Employee Benefits and the Wharton School; an MBA from Capital University in Columbus, OH; a B.A. in Chemistry and a degree in Business from Indiana University as well as the Certified Behavioral Finance Analyst designation from the Allianz Global Institute of Behavioral Finance. He lives in Cincinnati with his wife and two children where he enjoys the outdoors; cycling, running & golf; and continuing education.
Rocke Blair is Practice Leader and Lead Consultant for Healthcare clients in the Midwest for White Oak Advisors. Prior to …
John Kutz is a Sales Director for Legg Mason serving the Ohio Valley region. John has nearly 30 years of industry experience, joining Legg Mason in 2011. Prior to joining Legg Mason, John spent nearly 18 years with Victory Capital Management as Managing Director, Retirement Plan Services.
John received a Bachelor of Arts degree from Allegheny College and a MBA from Katz Graduate School of Business at the University of Pittsburgh. He is a Chartered Mutual Fund CounselorSM (CMFC®) and a recipient of the SPARK Accredited Retirement Plan Consultant (ARPC) designation.
John and his wife Kathy have three children, Allison, Maggie and Tim, and live in Kirtland Hills, OH. In his spare time John enjoys working out, golfing and biking. John is also very active with the Allegheny College Alumni Association.
John Kutz is a Sales Director for Legg Mason serving the Ohio Valley region. John has nearly 30 years of …
Ami Hindia is a senior vice president for Fidelity Institutional Asset ManagementSM (FIAMSM), Fidelity Investments’ distribution and client service organization dedicated to meeting the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.
Based out of Chicago, Illinois, Ms. Hindia supports the Defined Contribution Investment Only (DCIO) marketplace, where she is responsible for wholesaling Fidelity Advisor Funds, Fidelity VIP Portfolios, and Fidelity Sub Advised portfolios on the insurance, bank, broker-dealer, and TPA recordkeeping platforms. She is focused on servicing and supporting the platform relationships, financial advisors, broker dealer retirement coordinators, and TPAs utilizing Fidelity money management on these platforms. Service and support are centered on institutional fund presentations and analytics, retirement thought leadership, capital markets intelligence, and financial advisor best practices.
Ms. Hindia joined Fidelity Investments in November of 2010. Prior to joining Fidelity, she served as a vice president and regional sales director for the investment-only division at Columbia Management, where she supported both insurance and qualified plan distribution efforts as the firm’s north central retirement specialist. Previously, she was a key accounts manager for institutional clients at UBS Global Asset Management, and a subadvisory wholesaler at JP Morgan Asset Management. She started her career at DWS Scudder Investments where she was an internal annuity wholesaler. She has been a member of the investment community since 1999.
Ms. Hindia earned her bachelor of science in business administration at Drake University in Des Moines, Iowa. She holds Series 6, 7, and 63 licenses and holds the Chartered Retirement Plans SpecialistSM and C(k)P® designations.
Ami Hindia is a senior vice president for Fidelity Institutional Asset ManagementSM (FIAMSM), Fidelity Investments’ distribution and client service organization …
Michael is a Director and Consulting Actuary in the Denver, CO office of P-Solve. Michael has worked with a number of clients across various industries on all aspects of their retirement programs. He is an experienced actuary and has consulted on the financial risk management of defined benefit plans as well as retiree medical plans. He has also consulted on defined contribution design issues along with nonqualified retirement and deferred compensation plans. Michael has presented at industry and professional association conferences on the topics of plan administration and pension risk management and has had several articles published in major trade magazines. Michael is a Fellow of the Society of Actuaries, an Enrolled Actuary and a Fellow of the Conference of Consulting Actuaries. Michael graduated magna cum laude from Brigham Young University with a degree in Statistics.
Michael is a Director and Consulting Actuary in the Denver, CO office of P-Solve. Michael has worked with a number …
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About White Oak Advisors
White Oak Advisors was founded by tenured professionals in the fall of 2004 with the purpose of providing “top shelf” consulting and advisory services to Employers and Plan Sponsors with various types of Defined Contribution and Defined Benefit retirement plans. White Oak is a boutique retirement plan consulting and advisory services firm based in the Midwest who specializes in plan design, fiduciary committee leadership services, plan investment consulting, compliance and regulatory support services as well as provider search services.
About Legg Mason Investor Services, LLC
Legg Mason is a leading global investment company committed to helping clients reach their financial goals through long-term, actively managed investment strategies.
- Over $671 billion* in assets invested worldwide in a broad mix of equities, fixed income, alternatives and cash strategies
- A diverse family of specialized investment managers, each with its own independent approach to research and analysis
- Over a century of experience in identifying opportunities and delivering astute investment solutions to clients
About FMR LLC
P-Solve is a dynamic, growing actuarial and investment consulting firm. Our core business is strategic retirement plan consulting for all types of qualified and non-qualified benefit plans. Our clients are located in the US and the UK and have included both for-profit and not-for-profit organizations. Our clients have come to trust and value our independent advice. P-Solve is owned by the UK based River and Mercantile Group. For more information, please visit our website at