What most surprises retirees as they enter their new phase of life? In episode 65 of the Revamping Retirement podcast, Hearts & Wallets founder Laura Varas joins CAPTRUST’s Matt Patrick and Audrey Wheat to talk about the topic.

The trio delves into what retirees didn’t expect to happen in retirement—including the surprise of retiring earlier than intended. They also explore some of the ways retirement plan sponsors can improve the services, benefits, and plans they offer, whether through advances in technology or by making money talks less intimidating.

Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.

Brian Graff, chief executive officer of the American Retirement Association, unpacks the Department of Labor’s new fiduciary rule and the implications of the expiring Tax Cut and Jobs Act. Hear how these changes can affect retirement planning on episode 64 of Revamping Retirement with hosts Jennifer Doss and Peter Ruffel.

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.

Episode 63

This month’s episode features an in-depth discussion on artificial intelligence (AI) between Dawn McPherson, Matt Patrick, and Mike Allen, Morningstar’s Head of Technology for Workplace Solutions. They explore AI’s evolving role in retirement planning, discussing its potential for personalized participant experiences, and operational efficiencies. 

Highlights include:

The episode ends with practical tips from Mike Webb for enhancing the 5500 annual report filing process for ERISA retirement plan sponsors.

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors. 

Note: Mike Allen is an employee of Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc.

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:  

Later, Mike Webb discusses the differences between reporting and disclosure for retirement plan sponsors in this month’s Minute with Mike.   

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.  

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.  

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.  

Last Month’s Episode: Episode 60: Plan Sponsor Predictions for 2024

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:  

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.  

Last Month’s Episode: Episode 59: Auto-Portability with Neal Ringquist 

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:

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

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. 

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.  

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 

Episode 57

In this month’s episode of Revamping RetirementJennifer 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

Episode 56

In this month’s episode of Revamping Retirement, Jennifer Doss talks with Kimberly Plessinger and David McEntee from Kimley-Horn. They discuss the company’s financial wellness initiatives, including benefits and retirement plans.

Kimley-Horn places a strong emphasis on financial wellness, especially for its younger employees,  providing educational resources and support to help employees understand the importance of saving for retirement and making informed financial decisions.

The discussion then shifts to focus on the company’s transition to 3(38) discretionary services for retirement plan management. This transition helped reduce fees for plan participants while maintaining a collaborative relationship with CAPTRUST.

In Minute with Mike, Mike Webb covers the two-year delay in the implementation of the new mandatory Roth age-50 catch-up rule under SECURE Act 2.0. 

Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.

Under the Investment Advisers Act of 1940, this podcast is defined as an advertisement and includes an uncompensated testimonial by a CAPTRUST client. Please be advised that clients’ experiences as described in the podcast do not necessarily represent the experience of other clients.

Resources:

Last month’s episode: Participant First with SUNY

CAPTRUST’s Financial Wellness Solution for Plan Sponsors

Cultivating Financial Independence | VESTED Magazine