Lucas Takes the Helm at EBRI

Lori Lucas, previously with Callan Associates, tells PLANSPONSOR there is a new vision for the Employee Benefit Research Institute’s future.

The Employee Benefit Research Institute (EBRI), a source of data and research on retirement, savings and health programs for workers, announced the appointment of Lori Lucas as president and CEO, effective immediately.


Lucas tells PLANSPONSOR there is a new vision for EBRI’s future as it marks its 40th anniversary in 2018. For one, EBRI is planning to roll out a new website.


“The key to the new vision is making research more relatable,” she says. “My background has been doing various types of research in various roles—the Callan DC Index, different research at Hewitt—and we want to make complex concepts accessible to those not necessarily in the industry.” Part of EBRI’s role is to be a presence in Washington and make information available to those making policy decisions, she adds.


Another goal of the new vision for EBRI is to expand the notion of what employee benefits really are, according to Lucas. “Historically, EBRI’s focus has been on retirement plans and health care benefits, but now, many employees are coming out of college with student loans they want to pay off before saving for retirement, and many of all generations do not have emergency savings. So what does employee benefits mean now?” she queries.


EBRI wants to strengthen its voice and presence by doing more testimony at conferences, making more partnerships and improving its visibility so its voice is stronger, Lucas adds.


Lucas replaces Harry Conaway, who was president and CEO for two years, following the retirement of Dallas Salisbury, the founding president and CEO.


Most recently, Lucas worked as an executive vice president at Callan Associates, where she was responsible for setting the direction and profitability of Callan’s defined contribution (DC) business, managing the Defined Contribution Consulting Team, launching and delivering retirement research, and directly working with plan sponsors and other clients. Prior to that she was director of Retirement Research at Hewitt Associates.


Even at her short time at EBRI, Lucas says there are a number of issue briefs already underway. One is the examination of automatic enrollment’s impact on participant debt. “We are using our participant database to find out what impact we see. Are people going to be burdened by debt what does empirical evidence show about auto enrollment’s effect on debt levels?”


With the recent market volatility, Lucas says EBRI will be looking closely at the section on its website that shows changes in participant account balance on a monthly basis. “It’s been positive for a while. We’ll be looking at it more closely to get empirical data about what’s happening with balances and why,” she says.


One can tell by her experience and her enthusiasm about the new position that research is Lucas’ thing. “This is my dream job!” she exclaims.