How Retirement Plans Influence Patient Outcomes: What Healthcare Senior Leadership Needs to Know

Broadcast Date: Wednesday, May 04, 2016 from 3:00 pm to 5:00 pm (ET)
human resources employment
Jamie Linkowski
Kim Andranovich
Diane Gallagher



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.

Website: White Oak Advisors

About White Oak Analytics

White Oak Analytics is a business analytics & data research lab focusing on bringing data and quantifiable metrics to the plan sponsor before merely prescribing solutions. Using quantifiable data, plan sponsors realize that the lack of retirement readiness is not just the plan participants’ problem; it is their problem too, but without the data, this connection, the size of the problem, quantifiable measures or KPIs, or actionable intelligence is not possible.  Through data analytics, plan sponsor liability from an aging workforce can be measured for actionable measures. White Oak Analytics identifies these actionable steps to offset and to reduce organizational liability or risk illustrated as R=(HC+P+B)1/n 

Employer “R" (risk) is measured by the cost of Human Capital (HC), Productivity (P) and Business risk (B) but reduced by the inverse of “n” or number of retirement plans. The cost or the risk from human capital is in terms of medical, Rx, life, vision, disability, dental, workers comp, productivity, absenteeism, presenteeism, turnover cost, knowledge transfer, safety, general liability and wages which can be reduced from off-boarding or retiring “on-time” with adequacy the aging workforce.  As employees age, and with little ability to retire, their plight of financial scarcity becomes the plan sponsor’s contingent liability with income statement and balance sheet implications.   To be effective will require data, measures, actionable intelligence, prescriptive solutions and integrated fulfillment across the Health, Welfare and Retirement silos.  White Oak Analytics is addressing this challenge with cloud based data warehousing for collaborating data management to create financial models or KPIs that can be measured to deliver effective, quantifiable solutions that a plan sponsor can appreciate and monitor.

About Allianz Global Investors

This presentation is based on Save More Tomorrow: Practical Behavioral Finance Solutions to Improve 401(k) Plans by Shlomo Benartzi with Roger Lewin. Save More Tomorrow is the first book from the Allianz Global Investors Center for Behavioral Finance.

The Allianz Global Investors Center for Behavioral Finance was founded in 2010 with the goal of turning academic research into actionable ideas and practical tools that financial advisors and retirement plan sponsors can use to help their clients and employees make better financial decisions.

Allianz Global Investors is an asset management arm of Allianz SE. The Allianz Global Investors Center for Behavioral Finance is sponsored by Allianz Global Investors U.S. LLC, a registered investment adviser, and Allianz Global Investors Distributors LLC.


About American Century Investment Services, Inc.

American Century Investments® is a leading privately-held investment management firm with more than $145 billion in assets under management and has been committed to delivering superior investment performance and building long-term client relationships since 1958. The company’s 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, California; and Kansas City, Missouri. Serving financial intermediaries, investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines. Through American Century Investments’ ownership structure, more than 40 percent of the firm’s profits support research to help find cures for genetically-based diseases including cancer, diabetes, and dementia.