W. Thomas Reeder is taking his position as director of the Pension Benefit Guaranty Corporation (PBGC).
Reeder was nominated by President Obama in May and awaited a Senate confirmation. At the time he was health care counsel at the Internal Revenue Service (IRS).
Reeder served as senior benefits counsel on the Senate Finance Committee from 2009 to 2013. He graduated with a law degree from the University of Texas.
Reeder is replacing former director Joshua Gotbaum, who tendered his resignation last July. Last September, Alice Maroni, who was serving as chief management officer for the PBGC, was named acting director.
In a statement, Reeder said, “It’s an honor for me to become PBGC’s next Director. I’ve spent most of my professional life helping employers start and maintain retirement plans. I appreciate the faith the Administration and the Senate have shown in nominating and confirming me and I’m looking forward to getting started.”NEXT: Enhanced Retirement Solutions Adopts VMS Platform
Enhanced Retirement Solutions, LLC. a third-party administrator (TPA) has integrated with Vertical Management Systems’ (VMS’) retirement plan recordkeeping and investment management platform—Retirement Revolution.
With solutions that address the specific needs of retirement advisers, plan sponsors and plan participants, VMS partners with TPAs to offer an automated cloud-based recordkeeping platform that cost effectively integrates the best features of brokerage, trust and custody accounting systems within a single product. Additionally, the flexible technology allows external data to be easily integrated providing a complete end to end service solution.“We are excited about integrating VMS’ Retirement Revolution platform as a core component of our service offering,” says Bob Judd, managing partner of Enhanced Retirement Solutions. “VMS has a truly revolutionary approach to recordkeeping that, when coupled with the current realignment that’s occurring in the plan adviser community, gives our clients a differentiated, flexible and transparent solution for plan sponsors and participants.”