Multiple Employers Plans: Best Strategies to Maximize Opportunities
The defined contribution industry has seen the increased use of Multiple Employer Plans (MEPs) over the past few years. With reduced administrative burden, relief from fiduciary responsibility, and lower cost, more and more businesses are embracing this type of 401(k) plan. Moreover, several federal proposed legislations that seek to allow open MEPs, are being pushed through. If enacted, these bills could fundamentally change the MEP landscape and offer more opportunities for employers.
In this LIVE Webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview of the current trends and updates related to Multiple Employer Plans. Speakers will also offer best strategies to maximize opportunities in the changing MEPs landscape.
Key topics include:
- Introduction to MEPs
- Key Advantages of a 401(k) MEPs
- Managing Risks and Challenges
- Current Trends and Legislative Updates
- Maximizing Opportunities
Jack Towarnicky, Executive Director
Plan Sponsor Council of America (PSCA)
Brodie Wood, Senior Vice President
Transamerica Retirement Solutions
Rocke D. Blair, Managing Partner
Fiduciary Analytics, LLC
- Multiple Employer Plan (MEP)
- Multiple ≠ Multi
- 403(b) MEP Efficiencies
- Benefits of Adopting a 403(b) MEP
- Key Tasks in Establishing A 403(b) MEP
- My Multiple Employer Plan
- Leverage Multiple Employer Plans
- The Cost of Business is Increasing
- Three R's of Workforce Management
- Healthcare costs ate your pay raise
- Employees are not Ready for Retirement
- Financial Precarity Hurts Workers and Organizations
- Disruptive Innovation to improve health, control costs and mitigate risk
- Starting Point for a 3,000 Employee Industrial Company
- Healthcare Benefits Cost by Employee Age
- Unfunded liability tied to the cost of those delaying retirement
- Organizational financial performance relies on successfully managing demographic trend
- Financial Impact of the Integrated Risk
- Correlative Analytic Methodology
- Designing A Benefit Program Based on Viability
Who Should Attend:
- Plan Sponsors, Fiduciaries and Participants
- Retirement Plan Practicing Lawyers
- Employee Benefits & Compensation Lawyers and Consultants
- Payroll and Benefits Administrators
- Human Resource & Benefits Personnel
- Retirement plan financial professionals
- Retirement plan sponsors
- Financial Advisers
- Public Companies
- Private Companies
- And anyone involved in retirement plan administration
J. M. (Jack) Towarnicky is a benefits attorney currently serving as Executive Director of the Plan Sponsor Council of America. Previously, Jack served for 35 years in human resources/benefits leadership and compliance roles at five different Fortune 500 firms.
Jack’s has a BBA-Business Economics, an MBA, a JD and an LLM-Employee Benefits (with honors) as well as the CEBS designation. He has served on the Department of Labor, Employee Benefits Security Administration’s ERISA Advisory Council and as a board member/trustee for four other benefits trade associations (W@W, CEB, ABC, IFEBP).
Jack’s GREGORC© style is: “Practical Dreamer”. He, his team and his organizations have won national recognition including the 2010 National Business Group on Health, Healthy Lifestyles, Platinum; the 2009 C. Everett Koop Health Project Award; the 2009 Plan Sponsor Magazine, Corporate Plan Sponsor of the Year; 2008 Business Insurance Magazine Benefits Manager of the Year; and 2009 CFED Innovative Idea Champion.
J. M. (Jack) Towarnicky is a benefits attorney currently serving as Executive Director of the Plan Sponsor Council of America. …
Brodie Wood is Senior Vice President, Retirement Plans - HealthCare, Education and NFP Markets. Transamerica is a leading provider of customized retirement plan solutions for organizations of all sizes. Transamerica helps more than three million participants save and invest wisely to live the life they want. In his role, Mr. Wood leads and is responsible for the company’s not-for-profit business and product development efforts. He was previously Vice President of Transamerica’s Participant Counseling Organization, a group dedicated to delivering employee education and retirement planning for plan participants.
Brodie Wood is Senior Vice President, Retirement Plans – HealthCare, Education and NFP Markets. Transamerica is a leading provider of …
Rocke Blair serves as a Senior Consultant & Managing Partner for Fiduciary Analytics, LLC for institutional clients using data, analytics & insights to create financially healthy employers. Rocke has over 30 years’ business development experience in the employee benefits industry and has worked closely with numerous sized employers on their benefit and retirement needs. Rocke spent 20 years with the institutional team at a major financial services firm, and more recently a Practice Leader for two boutique retirement consulting firms. He assists prospective clients in their Investment and Retirement Committees duties toward meaningful & quantifiable outcomes.
Rocke has worked with clients with complex retirement plan structures including defined contribution plan (profit sharing, 401(k), 403(b), & 457) and defined benefit plans. Rocke carries the Certified Employee Benefits Specialist® (CEBS) 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. He earned the Certified Behavioral Finance AnalystTM (CBFA) designation from the Allianz Global Behavioral Finance Institute and has presented on this topic in several forums regarding the impact employers realize by adopting such protocols. The forums include the 2016 International Foundation of Certified Employee Benefit Specialist® symposium in Baltimore, MD, The HR Collaborative in Greater Cincinnati, the MI & OH CUPA Conferences and additional venues. Rocke serves on several boards including the Greater Cincinnati/Dayton ISCEBS Chapter, recordkeeping providers and investment management firms.
Rocke Blair serves as a Senior Consultant & Managing Partner for Fiduciary Analytics, LLC for institutional clients using data, analytics …
Print and review course materials
Method of Presentation:
Basic knowledge of employee benefits and executive compensation
NY Category of CLE Credit:
Areas of Professional Practice
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About Plan Sponsor Council of America (PSCA)
PSCA, part of the American Retirement Association, is a diverse, collaborative community of engaged retirement savings plan sponsors, working together on behalf of millions of employees to solve real problems, create positive change, and expand on the success of the employer-sponsored retirement savings system. With members representing employers of all sizes and industries, we offer a forum for comprehensive dialogue. By sharing our collective knowledge and experience as plan sponsors, PSCA also serves as a resource to policymakers, the media, and other stakeholders as part of our commitment to improving retirement security for millions of Americans.
About Transamerica Retirement Solutions
At Transamerica, we’ve been helping people feel better about the future for more than 100 years. We’re proud of the trust we’ve earned, providing the best advice and benefits around. But the way we see it, our responsibility goes beyond our clients’ retirement accounts. Quite simply, we are in the business of helping people live well.
Our passion is empowering people to add more years to their lives, and more life to their years. To charge toward the future with a healthy account balance and a healthy heart to match. Be a part of what’s next at https://www.transamerica.com/
About Fiduciary Analytics, LLC
Fiduciary Analytics, LLC helps organizations optimize their benefit plans for human capital efficiency & effectiveness via "smart" plan design. Optimized benefit programs impact corporate strategy by producing a positive ROI. Results come from awakening a "sleepy" asset & maximizing it's value by aligning employee benefit programs with corporate strategy to solve business problems. Studies show, "Financially Healthy Employees = Financially Healthy Employers." By retiring employees "on time, on their terms" the effects of aging workforce demographics are mitigated reducing the cost of wages & benefits. Organizations who manage the cost of its workforce are better positioned to reduce debt, improve earnings per share, and be known as an "employer of choice" and raising customer satisfaction scores. The role of Fiduciary Analytics, LLC is oftentimes referred to as an “Out-sourced Chief Retirement Officer” partner or “OCRO.”