Episode 62
In the latest episode of Revamping Retirement, Dawn McPherson and Jennifer Doss talk with Dan Aronowitz, president of Encore Fiduciary. The three dive into litigation trends, particularly in navigating the complexities of fiduciary liability and underwriting.
Highlights include:
- An overview of recent trends in retirement plan litigation, emphasizing a shift in the types of cases being filed and the implications for plan sponsors.
- The significance of having a robust fiduciary process and how it can mitigate litigation risks. This includes the choice between active and passive investment options, the importance of monitoring record-keeping and investment fees, and the strategic use of fiduciary insurance.
- A deep dive into fiduciary liability insurance, detailing what it covers, who should have it, and how it can protect plan sponsors from claims of breach of duty.
- Discussion on specific risk factors that can make a retirement plan more susceptible to litigation and how these factors influence the underwriting process for fiduciary liability insurance.
Later, Mike Webb discusses the differences between reporting and disclosure for retirement plan sponsors in this month’s Minute with Mike.  Â
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Episode 61
This month on Revamping Retirement, Dawn McPherson and Matt Patrick talk with Lisa Greenwald, CEO of Greenwald Research. The three discuss the impact of caregiving responsibilities on retirement readiness. Lisa highlights that caregivers face unique challenges that often aren’t addressed by employers and benefits providers, such as reduced work hours, job changes for flexibility, and financial strain. The episode also covers the landscape of retirement benefits more broadly, including trends to expand offerings for employee well-being, such as mental health and financial wellness programs.
Later, Mike Webb talks about plan fees in this month’s Minute with Mike. Â
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Last Month’s Episode: Episode 60: Plan Sponsor Predictions for 2024
This month, Heather Shanahan discusses higher education with Pete Lasher. Pete is senior vice president and higher education practice leader at Grenzebach Glier and Associates. The two discuss fundraising strategies, volunteers as donors, and honoring donor intent. Â
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Resources:
Last Episode: Values-Based Investing with Ethic
Episode 60
This month on Revamping Retirement, Jennifer Doss introduced new co-hosts Matt Patrick, Audrey Wheat, and Pete Ruffel.
The four share their predictions for the year ahead as it relates to plan sponsors and the defined contribution space.
Predictions include:
- Recordkeeper consolidation
- Expanded QDIA solutions
- An increase in regulation from the Department of Labor and IRS
Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.
Last Month’s Episode: Episode 59: Auto-Portability with Neal Ringquist
This month, CAPTRUST Senior Director of Endowments and Foundations Heather Shanahan talks with Anthony Marcozzi, associate director of relationship management at Ethic.Â
Marcozzi explains Ethic’s approach to working with endowments and foundations, highlighting the importance of understanding an organization’s mission and values. Â
He and Shanahan also discuss the challenges and opportunities in the impact investing space, like:
- Emphasizing the importance of working with trusted advisors
- Focusing on education
- Transparency
- Community engagement
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Resources:
Last Episode: Markets, with CAPTRUST’s Andy Marino | Nonprofits
Ethic
Episode 59
This month, CAPTRUST’s Jennifer Doss and Audrey Wheat are joined by Neal Ringquist, executive vice president and chief revenue officer for the Retirement Clearinghouse.
In this discussion on auto-portability, Neal emphasizes the advantages and benefits of auto-portability for both the participant and the plan sponsor.
These benefits include:
- Streamlining the system, leading to increased average account balances over time
- Reducing administrative hassles associated with managing multiple accounts
- Reducing cash-out leakage, especially for individuals with lower incomes
- Improving retirement outcomes for participants by retaining balances
In Minute with Mike, Mike Webb talks about retirement plan eligibility for part-time employees.
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Resources:
Last Month’s Episode: Episode 58: SECURE 2.0 and More with Dr. Nari Rhee
In episode 10 of Mission + Markets, Heather Shanahan and Andy Marino cover the financial landscape of the past year and how it might affect nonprofits, endowments, and foundations. Â
The conversation examines the Federal Reserve’s efforts to reduce inflation. Marino also addresses the historical association of the inverted yield curve with recessions and the recent normalization of longer-term interest rates. He recommends that nonprofits set realistic expectations and maintain a long-term perspective.
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Resources:Â
Last Episode: Episode 9: DEI in Planned Giving with GivingDocs
OCIO for Nonprofits | CAPTRUST
Market Update | October 2023 | Investment ManagementÂ
Episode 58
This month, CAPTRUST’s Jennifer Doss and Matt Patrick are joined by Dr. Nari Rhee, director of the Retirement Security Program at the UC Berkeley Labor Center.
In this conversation, which focuses on labor and retirement issues, Dr. Rhee emphasizes the challenges faced by low and middle-income workers in the U.S. retirement system, particularly in the private sector. The discussion touches on topics such as the inadequacy of Social Security for low-wage workers, barriers in defined contribution plans, and the impact of job characteristics on retirement benefits.
In Minute with Mike, Mike Webb covers the different types of services fiduciaries can provide under ERISA.
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Resources:
Last Month’s Episode: Episode 57: Student Loans with Candidly | Retirement Plan (captrust.com)
Public Pensions Support Race, Class, and Gender Equity in California – UC Berkeley Labor Center
Breaking Down SECURE 2.0
In episode nine of Mission + Markets, Heather Shanahan and Jade Bristol, chief development officer at GivingDocs, discuss DEI efforts in planned giving and estate planning. GivingDocs is an online estate planning platform designed to help nonprofits improve their planned giving initiatives.
The conversation addresses diversity, equity, and inclusion (DEI) within planned giving and estate planning. Jade discusses the organization’s mission to enhance planned giving efforts for nonprofits, and the history of inequity in philanthropy.
Jade and Heather emphasize the importance of authentic conversations, cultural awareness, and empathy when working with diverse donors in the realm of planned giving. Their discussion underscores the crucial mission of nonprofits to make a positive impact through thoughtful and respectful engagement with donors.
Subscribe to Mission + Markets for more insights for nonprofits and mission-focused organizations.
Resources
Last Episode: Episode 8: Trends in AI with Blackbaud
Resources and Insights – GivingDocs.com
Episode 3: Board Development with YWCA of Greater Charleston
Episode 57
In this month’s episode of Revamping Retirement, Jennifer Doss and Dawn McPherson sit down with Amber Moulder and James Sheridan from Candidly. Candidly is a financial wellness platform focused on addressing student loan debt, emergency savings, retirement, and more.
This episode covers the restart of student loan payments, SECURE 2.0 and its impact on student loans, plus the demographics of Americans facing the most student debt.
In Minute with Mike, Mike Webb explains SECURE 2.0’s implications for required minimum distributions.
Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.
Resources:
Holistic Financial Wellness with Kimley-Horn
Millennials and Retirement with Katie Gatti Tassin
Breaking Down SECURE 2.0