Nominations are now being accepted for the third annual Innovator Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.
The awards recognize defined contribution plan executives and their sponsoring organizations for unusual, even out-of-the-box work that leads to improved retirement outlooks for their plan participants. Executives at service providers are not eligible for awards, but they are encouraged to nominate plan officials.
Both the nomination and judging processes are conducted online. The nomination form is available at pionline.com/Innovators.
Entries are due May 16.
Questions on the form are open-ended, so nominees can explain their projects any way they choose. The awards have no set categories, and there is no set number of winners.
The winners will be announced at P&I's West Coast Defined Contribution Conference, scheduled for Oct. 26-28 in San Diego.
Self-nominations are encouraged. Nominations also will be accepted from colleagues and people outside the organization who are familiar with the work being done.
If you nominate someone other than yourself, that nominee must authorize the nomination via a form that is part of the nomination process.
The innovation must have been implemented on or after Jan. 1, 2013. Entries will be judged over the summer by a panel composed mostly of plan executives.
Last year, seven winners were chosen by the judges:
- Sophie Dmuchowski, deputy director, office of communications and education, for the Federal Retirement Thrift Investment Board, Washington, for lifetime income disclosure;
- David Zellner, chief investment officer of the General Board of Pension & Health Benefits of the United Methodist Church, Glenview, Ill., for distribution planning;
- Lois Osorno, director of human resources for Aloha Petroleum Ltd., Honolulu, for education and communication;
- Britt Huber, vice president for human resources at Kiva Microfunds Inc., San Francisco, for technology and behavioral finance;
- Angela Buk, head of risk management, investment operations and savings plans, Chrysler Group LLC, Auburn Hills, Mich., for outcome orientation;
- Chad Ryan, director of retirement plans at PepsiCo Inc., Purchase, N.Y., for addressing plan leakage; and
- Philip White, former director of Racker Rewards at Rackspace Hosting, San Antonio, for financial wellness.
This article originally appeared in the March 3, 2014 print issue as, "P&I looking to recognize innovative DC executives".