Nominations are now being accepted for the 2017 Excellence and Innovation Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.
Now in its sixth year, the program is designed to recognize DC executives and employers for well-executed, creative and unusual projects that ensure participants have adequate retirement income.
Central to the awards are plan improvements that not only advance retirement outcomes in a particular plan, but also introduce ideas that potentially reverberate elsewhere in the industry.
The awards for excellence recognize that good retirement outcomes result from outstanding execution, as well as innovation in design.
Entries are due June 2.
“Excellence and Innovation award winners set the bar when it comes to developing innovative programs that help participants reach a secure retirement,” said Editor Amy B. Resnick. “Their efforts can serve as a road map for helping the industry as a whole move forward.”
P&I and DCIIA seek programs implemented on or after Jan. 1, 2016.
The awards will be presented Oct. 9 at the annual P&I West Coast Defined Contribution Conference in San Diego.
Among last year's winners, Katie Nedl, chief operating officer of the U.S.-Canada defined contribution group at BlackRock (BLK) Inc. (BLK), was recognized for interactive video that responded to participants depending on their investing strategy and performance, always with a theme of encouraging greater participation and greater contributions. The video enabled participants to make changes in their accounts right on the spot.
Another winner, Neil Saxton, executive-engagement strategy, Health Employees Superannuation Trust Australia, Melbourne, was recognized for a digital-based communication campaign that used data analytics to reach specific audiences. The campaign featured a digital membership card to replace a physical card, thus cutting costs and making it easier for participants to review and act on their accounts.
Self-nominations are encouraged. Nominations also will be accepted from colleagues and people outside the organization familiar with the work.
This article originally appeared in the April 3, 2017 print issue as, "P&I looks to honor DC quality, innovation".