Corporate Plan Sponsor of the Year Finalist: Johnson & Johnson
How does wholesale insurer Johnson & Johnson, Inc., achieve a 90% 401(k) participation rate without automatic enrollment? As a small company of just 140 employees, it facilitates a lot of one-on-one convincing. As recently as 2006, the participation rate at the Mt. Pleasant, South Carolina-based firm was just 69%.
457 Plan Sponsor of the Year: Ohio Deferred Compensation
"We were big into fee disclosure before it really became an issue,”...
457 Plan Sponsor of the Year Finalist: California State Teachers’ Retirement System
“Especially in this market, risk became such a big issue for people,”...
403(b)/Nonprofit Plan Sponsor of the Year: Legacy Health System
Though she says the success of Legacy Health Systems’ 403(b) program has...
457 Plan Sponsor of the Year Finalist: New Jersey Department of Treasury
For New Jersey’s state deferred compensation plan, “the emphasis for the longest time was on, ‘Let’s keep the costs down,’” says Joseph Zisa, Chief of the Bureau of...
403(b)/Nonprofit Plan Sponsor of the Year Finalist: Nyack Hospital
Perhaps one of the greatest testaments to the work Mary Shinick, Vice President, Human Resources, Nyack Hospital, and her team have done to shore up the hospital’s retirement...
403(b)/Nonprofit Plan Sponsor of the Year Finalist: Champlain College
Champlain College, founded in 1878, is located in the Hill Section of Burlington, Vermont, overlooking Lake Champlain. Just as impressive as that view is the college’s 403(b) plan,...
403(b)/Nonprofit Plan Sponsor of the Year Finalist: Florida Institute of Techonology
Being the Vice President for Financial Affairs, Jack Armul at the Florida Institute of Technology says he would consider himself a “bean counter” more than an educator, but...
Public Plan Sponsor of the Year: Texas Municipal Retirement System
Measured against most public funds’ investment returns, the Texas Municipal Retirement System (TMRS) had a great year in tumultuous 2008. The fund lost only 1.3%, recalls David Gavia,...
2010 Plan Sponsors of the Year
Standouts from the 403(b)/nonprofit, public, and corporate sectors
Corporate Plan Sponsor of the Year: NV Energy, Inc.
The same old thing was not going to work into the future,” says Punam Mathur, Vice President, Human Resources, at NV Energy, Inc. “The times are changing.”
Corporate Plan Sponsor of the Year Finalist: Thermo Fisher Scientific
As part of a plan revamp introduced in January 2008, Waltham, Massachusetts-based Thermo Fisher Scientific started matching 100% of an employee’s deferral, up to 6% of pay. The...
And the Winners Are…
In this issue, it is my honor and privilege to share the experiences and examples of some of the nation’s best plan sponsors—including four that, in our assessment,...
Last month, the Pew Center on the States published a report titled “The Trillion Dollar Gap” that highlighted the apparent chasm between the potential obligations of the assorted...
Employers skeptical about health-reform savings
Study says investment “Help” makes a difference
War Stories |
War Stories – March 2010
We all have them: those front-line experiences that are inevitable when one deals with the variety—and sensitivity—of issues associated with human beings and critical life events. Sometimes those...
Survey Says |
What Is Your Favorite Retirement Plan Initiative?
In late January, the Obama Administration renewed its support for a variety of initiatives designed to improve/enhance retirement programs.
Bells & Whistles |
Bells & Whistles – March 2010
Each month, Bells & Whistles highlights recent product introductions that plan sponsors may find of interest. More information on these announcements can be found on www.plansponsor.com. If you...
Head of the Class |
Targeting Target Dates
Financial crisis triggers additional scrutiny of target-date offerings
Case Sensitive |
Gerald George, et al., v. Kraft Foods Global, Inc., et al., Case 1:07-cv-01713
Barry's Pickings |
Similarities between the health-care debate and the retirement-income debate
Saxon Angle |
Negotiating the fiduciary delegation minefield
Just out of Reish |
The Target-Date Duty
Time for a new look at TDFs