Bonnie Treichel, founder and chief solutions officer of Endeavor Retirement, joins hosts Jennifer Doss and Pete Ruffel for an in-depth analysis of key litigation trends affecting the retirement industry.
The discussion focuses on the complexities and implications of ERISA lawsuits, including the surge of copycat lawsuits targeting similar fiduciary breaches. Also addressed are emerging risks such as cybersecurity and managed accounts, alongside potential impacts from the Supreme Court’s Loper Bright case on agency interpretations.
Plus, delve into the evolving Department of Labor regulations under the current administration and their potential effects on industry compliance and fiduciary responsibilities.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
The retirement recordkeeping space has experienced significant shifts. What does that mean for the future of the industry?
In episode 70 of the Revamping Retirement podcast, hosts Audrey Wheat and Matt Patrick welcome Tim Hoying and Dave Mallett of Accenture. They’re two of the authors of the report Navigating Through Turbulence: Reinventing Retirement Recordkeeping.
Listen in as these experts explore current challenges and future opportunities in the industry and offer tips on how smaller recordkeepers can still thrive and compete despite those challenges.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
It’s been almost two years since the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was officially implemented. Containing more than 90 provisions impacting retirement, this massive piece of legislation is described as “the gift that keeps on giving,” with some aspects still rolling out.
In episode 69 of Revamping Retirement, hosts Audrey Wheat and Jennifer Doss talk with Fidelity’s Angela Capek and Shanna Costa to learn what plan sponsors are saying about the ways SECURE 2.0 has disrupted the retirement industry.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
In episode 68, hosts Matt Patrick and Dawn McPherson welcome Bruce Harrington, vice president of strategic development at Pentegra, a provider of retirement plan and fiduciary outsourcing solutions.
Harrington explains why it’s a common myth that 3(16) plans are only for small companies and how 3(16) service providers have helped organizations of all sizes fulfill their fiduciary responsibilities. The trio also review the request for proposal (RFP) process for engaging an outside provider.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
For 18 years, the PIMCO has conducted its annual U.S. Defined Contribution Consultant Study. One of the longest-running studies of its kind, it aims to understand what retirement consultants are thinking, seeing, and planning to do next. The firm interviews some of the most influential DC-focused consultants in the country, including advisors at CAPTRUST. The respondents this year represent 15,000 U.S. retirement plans and almost $9 trillion in assets.
In this episode of Revamping Retirement, your hosts Matt Patrick and Peter Ruffel welcome PIMCO’s Vidur Mehra and Joseph Szalay to find out what’s trending, what’s challenging, and what’s new in the world of defined contributions, from plan design to evaluating retirement income solutions.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
Helping people sustain their income in retirement, without depleting their savings, is what drives Kelli Hueler, CEO and founder of Hueler Companies. In episode 66 of CAPTRUST’s Revamping Retirement podcast, hosts Jennifer Doss and Peter Ruffel delve into Hueler’s groundbreaking Income Solutions platform.
Income Solutions is a lifetime income annuity marketplace with streamlined tools that can help turn retirement savings into an income stream participants won’t outlive. Listen to learn how this platform, and others like it, could help lighten the load for plan sponsors and reduce financial stress for plan participants.
Get more insights for retirement plan sponsors by subscribing to Revamping Retirement.
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:
- practical application of AI tools and their potential impact on retirement planning
- benefits of leveraging AI to enhance participant experiences and streamline backend processes
- challenges plan sponsors will face when it comes to governance
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:
- 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.
Subscribe to Revamping Retirement for more episodes with insights for plan sponsors.