Pension Plans & 401(k) Plans: A 2012 Perspective
New Department of Labor disclosure regulations will present new challenges for 401(k) plan sponsors and providers, and the rules are one of a host of trends impacting defined contribution plans. Firms will need an updated strategy in managing their retirement plans.
The Knowledge Group is assembling a panel of key experts and thought leaders to help walk you through the most important issues in the mix. Speakers will discuss:
• Trends in Managing Plan Investment Lineups
• Impact of Fee Disclosure Rules
• Impact on Plan Fiduciaries, Sponsors and Participants
• And other up-to-the-minute regulatory updates and issues including questions submitted by you!
Sarah A. Holden, PhD, Senior Director of Retirement and Investor Research ,
Investment Company Institute
- • Profile of the U.S. retirement system
- • Households’ perceptions of and confidence in 401(k) plans
- • Trends and impact of automatic enrollment in 401(k) plans
- • 401(k) participants’ actions in their 401(k) plans since the financial market crisis
- • Asset allocation of 401(k) plan participants before and after the financial market crisis—looking at individual’s account asset allocations across a wide sample of participants and also focusing in on recent hires
Sarah Lowe, Partner,
Kilpatrick Townsend & Stockton LLP
- Fiduciary issues in choosing 401(k) investments
- Employer stock funds: Unitized versus real time trading
- Fiduciary issues in hiring investment managers and how to address those issues in the investment management contracts
- Best practices when pension plans make alternative investments (private equity, hedge funds etc)
Bertha Minnihan, Partner and Group Leader, Employee Benefit Plan Services,
MOSS ADAMS LLP
- Retirement plan trends in current economic markets
- DOL review of plans and their findings
- Best practices for sponsors and plan administration
- Preparing for annual plan audits and form 5500 filings
Elena Barone Chism, Associate Counsel – Pension Regulation,
Investment Company Institute
Recent developments on the regulatory front
- DOL disclosure regulations—participant and employer disclosures are both in play
- Developments on lifetime income on participant statements
Caren B. Bianco, Director of Investments,
Trends in Managing 401(k) Investment Line-ups
- Target Date Funds
- Non-bundled account management
- Miscellaneous approaches (that are not quite trends…yet)
- Passive vs Active strategies
- Brokerage Windows
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
Sarah A. Holden, PhD is Senior Director of Retirement and Investor Research at the Investment Company Institute (ICI). At the Institute, Ms. Holden conducts and oversees research on the U.S. retirement market, retirement and tax policy, and investor demographics and behavior. She is responsible for analysis of 401(k) plan participant activity using data collected in a collaborative effort with the Employee Benefit Research Institute (EBRI), known as the EBRI/ICI Participant-Directed Retirement Plan Data Collection Project. In addition, she analyzes the role of mutual funds in the retirement marketplace including defined contribution plan and IRA markets. She oversees The IRA Investor Database™, which contains data on more than 10 million IRA investors and allows analysis of IRA investors’ contribution, rollover, and withdrawal activity, and asset allocation. She is also responsible for managing household survey research on a range of topics relevant to the fund industry and policy formation. Prior to joining the Institute, Ms. Holden worked as a staff economist in the Flow of Funds Section of the Research Division at the Federal Reserve Board. Ms. Holden graduated from Smith College, cum laude, and holds a Ph.D. in economics from the University of Michigan.
Sarah A. Holden, PhD is Senior Director of Retirement and Investor Research at the Investment Company Institute (ICI). At the …
Sarah Lowe focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary issues and pension plan investments. She regularly reviews and negotiates provisions of pension plan investments on behalf of large pension funds, including hedge funds and other alternative investments. She also routinely assists structuring private investment funds and their portfolio investments so that they avoid being subject to ERISA fiduciary rules. As part of her practice, she regularly advises clients on compliance with ERISA’s rules regarding fiduciary duties and prohibited transactions. Ms. Lowe has provided counsel to and negotiated on behalf of clients regarding employee benefit issues in connection with mergers, acquisitions, dispositions and other business transactions. She has also researched and advised public and private employer clients regarding issues related to design, preparation, communication, administration and operation of qualified plans and the related funding vehicles, including pension and profit sharing plans, 401(k) plans, rabbi trusts, and cafeteria plans.
Sarah Lowe focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary …
Professional Experience Bertha has 15 years of experience in public accounting and serves as chair of Moss Adams’ Employee Benefit Plan Group. She has extensive experience directing all phases of audits for a variety of benefit plans including 401(k), pension, employee stock ownership, health and welfare benefit plans. She has also worked with a number of 11(k) clients. Her ERISA expertise includes the specialized knowledge required for audits, Form 5500s and related filings. Bertha provides various consulting services related to the ERISA industry nationwide and dedicates her time to staying on top of the Department of Labor requirements while they are still in proposal and discussion stage. Bertha serves on the AICPA’s Employee Benefit Plan Audit Quality Center Executive Committee. She was named by the Business Journal as one of the “2008 Women of Influence in Silicon Valley.” She has chaired the annual national AICPA Benefit Plan conference for several years and serves on the AICPA’s Technical Standards Subcommittee, which assists with the Department of Labor’s review of ERISA audits and auditors. She is frequently called upon to speak at local and national organization events dedicated to the Benefit Plan Audit specialty and her acumen is widely recognized by many of the third party administrators, trustees and investment custodians utilized by companies in Silicon Valley and beyond. In addition, Bertha currently serves on the Board of Directors of Project HIRED, a non-profit organization.
Professional Affiliations and Certifications
– American Institute of Certified Public Accountants
– California Society of Certified Public Accountants
– Marist College, New York
Professional Experience Bertha has 15 years of experience in public accounting and serves as chair of Moss Adams’ Employee Benefit …
Elena Barone Chism is Associate Counsel – Pension Regulation for the Investment Company Institute. Her responsibilities include advocating for the Institute’s membership on retirement security issues and assisting members and Institute staff in understanding tax and ERISA rules that affect defined contribution plans, IRAs, and similar savings vehicles.
Prior to joining the Institute, Ms. Chism was in private practice at the Groom Law Group, where she advised clients on the design and operation of tax-qualified retirement plans and executive compensation arrangements. She also assisted employers with defined benefit plan funding challenges, employee benefits issues arising from corporate acquisitions and divestitures, and qualified domestic relations orders.
Ms. Chism received her J.D. with honors from the George Washington University Law School, where she was Articles Editor of The Environmental Lawyer. She received a B.A., with distinction, from Duke University.
Elena Barone Chism is Associate Counsel – Pension Regulation for the Investment Company Institute. Her responsibilities include advocating for the …
Caren Bianco is the Director of Investments with PricewaterhouseCoopers LLP overseeing pension and savings plan assets totaling $7 billion. In this role, she is responsible for monitoring external managers, including direct and fund of fund hedge funds. She is responsible for PwC’s 401(k) Plan investment line-up, including six custom target date fund strategies. She recommends new pension and savings plan investments and helps develop asset allocation strategy for the defined benefit plan. She monitors the plans’ funded status and investment risk for PwC’s plan as well as for PwC clients.
Prior to 2006, Ms. Bianco served as Director, Asset Management for a large chemical manufacturer. She was responsible for over $3 billion of global retirement plan investments. Prior to that, Ms. Bianco was a consulting pension actuary with Towers Perrin (now Towers Watson), and prior to that, William M. Mercer, Inc., specializing in the design, funding and expensing strategies for large corporate defined benefit pension plans.
Ms. Bianco holds a BS, magna cum laude, in Actuarial Science from The College of Insurance (now a part of St. John’s University). She is a fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, an Enrolled Actuary and holds the Chartered Financial Analyst® designation.
Caren Bianco is the Director of Investments with PricewaterhouseCoopers LLP overseeing pension and savings plan assets totaling $7 billion. In …
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About Investment Company Institute
ICI is the national association of U.S. investment companies, including mutual funds, closed end funds, exchange-traded funds (“ETFs”), and unit investment trusts (“UITs”). Members of ICI manage total assets of more than $12.47 trillion and serve more than 90 million investors.
About Kilpatrick Townsend & Stockton LLP
Kilpatrick Townsend is a full service firm with nearly 650 attorneys in 18 offices throughout the U.S. and abroad. Their Employee Benefits & Executive Compensation attorneys work on behalf of clients throughout the U.S. and internationally in all areas of employee benefits, executive compensation and ERISA litigation, representing a cross-section of businesses ranging from Fortune 100 public companies to family-owned businesses and start-up companies. The diverse and innovative client base they support provides cutting-edge work that keeps them at the forefront of critical developments in the field. The team’s primary service areas include, Business Transactions, ERISA Litigation, Executive Compensation, Fiduciary Counseling, Health & Welfare Plans, Pension Fund Management and Retirement Income Plans.
About MOSS ADAMS LLP
Moss Adams LLP is the 11th largest accounting and consulting firm in the United States. Founded in 1913 and headquartered in Seattle, Moss Adams has 21 locations. Nationwide, Moss Adams provides accounting, tax, and consulting services to public and private middle-market enterprises in many different industries. Our staff of over 1,700 includes approximately 230 partners. We’re also a founding member of Praxity, AISBL, a global alliance of independent accounting firms in the major markets of North America, South America, Europe, and Asia.
Moss Adams has a specialty benefit plan services practice with dedicated professionals that audit over 800 plans annually. Our plans range in size from 100 to 60,000 participants with $100,000 to over $1 billion in assets. We’re members of the American Institute of Certified Public Accountants’ Benefit Plan Audit Quality Center, which communicates regulatory developments, best-practices guidance, and technical updates.
About PricewaterhouseCoopers LLP
As a leading provider of HR consulting services, PwC’s Human Resource Services’ global network of 6,000 HR practitioners in over 150 countries, brings together a broad range of professionals working in the human resource arena — retirement, health & welfare, total compensation, HR strategy and operations, regulatory compliance, workforce planning, talent management and global mobility — affording our clients a tremendous breadth and depth of expertise, both locally and globally to effectively address the issues they face.
PwC is differentiated from its competitors by its ability to combine top-tier HR consulting expertise with the tax, accounting and financial analytics expertise that have become critical aspects of HR programs.
PwC’s Human Resource Services practice can assist clients in improving their performance across all aspects of the HR and human capital spectrum through technical excellence, thought leadership and innovation around five core critical HR issues: reward effectiveness and efficiency; risk management, regulatory and compliance; HR and workforce effectiveness; transaction effectiveness; and global mobility.