about
Plan sponsors have fiduciary responsibility to ensure that their company retirement plans are designed and administered appropriately. From maintaining plan documents, to selecting service providers to selecting and monitoring plan investments, there are a significant number of legislative and regulatory duties that the sponsor has to keep in mind.
To help plan sponsors perform all of these duties, PLANSPONSOR has created a virtual mini conference to address key topics in four sessions on November 10. Plan sponsors can learn:
- What the Employee Retirement Income Security Act (ERISA) requires of them;
- How to best manage their retirement plan committee/s;
- What to expect from service providers; and
- How to benchmark investments and fees
For plan sponsors—whether you are new in the role or have been working with retirement plans for years—the virtual PLANSPONSOR Best Practices Conference will help you understand, and keep an eye on, your fiduciary responsibilities. For retirement plan advisers, the conference is a way to learn how best to educate and help your plan sponsor clients stay confidently legally compliant.
agenda
Please note that all times below are listed in EDT (UTC−04:00).
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10:30 am – 11:20 am
Understanding ERISA and Fiduciary Fundamentals
The Employee Retirement Income Security Act (ERISA) has been the “guidebook” for retirement plan fiduciaries since 1974, and subsequent legislation has amended or added to its rules. Listen as experts discuss requirements for maintaining plan documents and operating a plan according to its terms. They also discuss what should be reported—and by what means—to participants and regulators, as well as how sponsors can ensure they adhere to the fiduciary duties of prudence and loyalty.
Moderator
Rebecca Moore, Managing Editor, PLANSPONSOR digitalPanelist
W. Michael Montgomery, Senior Vice President, OneDigital
Bradford Campbell, Partner, Faegre Drinker -
11:20 am – 11:40 am
Break
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11:40 am – 12:30 pm
Managing Your Investment and Retirement Plan Committees
Should you have two committees—one for investments and the other for plan administration? Who should be on the committee/s? How often should they meet, and what should meetings address? Panelists will answer these questions, plus discuss recommended practices for committee member training and documentation of meetings.
Moderator
John Manganaro, Managing Editor, PLANADVISER digitalPanelist
Kevin Skow, Vice President, Retirement Plan Consultant Regional Director, Francis Investment Counsel
George Sepsakos, Principal, Groom Law Group, Chartered -
12:30 pm – 2:20 pm
Lunch
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2:20 pm – 3:10 pm
Outsourcing and What You Can Expect From Service Providers
Though plan sponsors have ultimate responsibility for the compliance of their plan, the recordkeeper and other service providers can decrease the burden. However, selecting a provider is itself the plan sponsor’s fiduciary responsibility. In this session, sources will discuss the types of outsourcing available to plan sponsors—3(16) administrators, 3(21) investment advisers, 3(38) investment managers and pooled employer plans (PEPs)—as well as what can be expected from each.
Moderator
Rebecca Moore, Managing Editor, PLANSPONSOR digitalPanelist
Spencer Goldstein, Principal and Chief Investment Officer (CIO), StoneStreet Equity
Joan Neri, Counsel, Faegre Drinker -
3:10 pm – 3:30 pm
Break
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3:30 pm – 4:20 pm
Benchmarking Investments and Fees
ERISA requires that plan sponsors do what is in the best interest of participants and ensure that fees are reasonable for the investments and services provided to the plan. Learn about the mechanics of benchmarking plan investments and fees, what to look for when benchmarking, and when to get help.
Moderator
Alison Cooke Mintzer, Managing Director, Head, ISS MediaPanelist
Jon Chambers, Managing Director, SageView Advisory Group
Allison “Allie” Itami, Principal, Groom Law Group, Chartered