The sessions and keynotes for all cities are listed below. To view times and speaker assignments for each city, please click the links below to download a PDF file of the agenda for that location.
Updated April 12, 2013
MORNING KEYNOTE: Coming From Every Direction! Plan Sponsors Get Ready For the Deluge of 2013 Changes from the DOL, SEC, CFTC and More…
As if keeping up with day-to-day compliance tasks weren’t keeping defined contribution plan executives busy enough already, now there’s a number of regulatory initiatives on the horizon in 2013 to add to the already long list of responsibilities. Helping to navigate the complex legal landscape is one of the nation’s top ERISA experts on defined contribution plans providing an update on regulatory changes to watch out for this year along with policy changes that could affect the DC plans across the U.S. Get the latest on:
- DOL’s proposed changes to ERISA’s definition of “fiduciary”
- Continued re-evaluation of ERISA fee disclosure rules
- Commodity pool status/CPO exemption reporting and disclosure for DC plans
- CFTC’s Dodd-Frank rule changes affecting stable value funds
- SEC & DOL guidance on target date fund disclosures
- Treasury guidance on rollover substantiations
- DOL guidance on retirement income disclosures
- Lessons learned from recent ERISA litigation
- The impact of Tax Reform initiatives to reduce tax expenditures
WORKSHOP: If the Future is Defined Contribution, Should TDFs Look Like DB Plans?
In stark contrast to previous generations, tomorrow’s employees will finance their retirement based mainly on what they accumulate in their defined contribution (DC) plans—and target-date funds (TDFs) appear poised to dominate DC plans of the future. Yet when thinking about the optimal structure of TDFs, many investment service providers appear to remain focused on approaches designed for the DB world. This presentation will explore different approaches to TDF design and implementation, including“DBization”, customization, and alternative investment strategies. It will highlight the relevant portfolio construction issues that need to be considered to ensure that the target-date funds in your plan provide the greatest possible value for your DC plan participants.
PANEL DISCUSSION: Creating a Plan Design to Fuel Retirement Income
With so much focus on DC plans’ ability to generate adequate income for employees in retirement, it may be time for plan sponsors to re-evaluate whether their plan design can get participants to desired outcomes. Join this lively discussion between top DC plan executives as they examine ways to improve plan design with a goal of optimizing income in retirement for employees.
- What are the new trends in plan design that you can incorporate now?
- Has deployment of auto-features within your DC plan made the desired positive impact, and what can be done differently?
- How can you address leakage within participants’ accounts?
- With significant longevity risk facing a record number of future retirees, how can defined contribution plan executives help facilitate transitions to the decumulation phase?
WORKSHOP: Exploring Real Asset Strategies
Real asset strategies are attracting plenty of attention by DC plan sponsors today. Incorporating real assets in a DC portfolio can offer participants diversification benefits as well as a way to protect against inflation in different market environments, so the focus on these strategies is not surprising. This workshop will begin by examining best practices in DB plans that are being translated into DC plans, focusing on how plan sponsors are utilizing real asset strategies within their plan line ups. We’ll explore the various ways of obtaining exposure to extended asset classes like commodities, real estate and TIPS, and how participants can gain efficient access to these asset classes. Finally, we’ll discuss the key elements that should be communicated to participants to educate them on the benefits of incorporating real assets into their DC investment portfolio and how to utilize them in the most efficient manner.
WORKSHOP: Managing Risk in DC Plans – Lessons Learned From the Last Two Decades
Plan sponsors and participants have faced two decades of unprecedented market volatility, disruption and unrest. With DC plans quickly becoming the primary retirement saving vehicle for U.S. workers, employers and participants will need to implement new tools and techniques to effectively manage investment risk over time in a volatile but potentially low-return environment. In this session, MFS will take attendees through a study of lessons learned from recent and past market disruptions, examining participant, plan sponsor and investment manager view points and provide practical risk management tools and techniques for plans to consider.
KEYNOTE PRESENTATION: See the Future, Change the Present
Picturing our life as a retiree is something we can only momentarily imagine will one day include added wrinkles and less hair. Instead, we tend to focus much of our attention on enjoying the fruits of our labor now, with little focus on creating retirement savings for the future. But what if we each had a chance to take a closer look into a virtual mirror-like image of ourselves that would resemble what we might actually look like someday? Would the image of our future-selves have an effect on how each of us saves money? A top researcher unveils the findings of a combined study by New York University and Stanford University on the surprising behavior changes recorded after viewing age-progressed images. Discover how the findings are having a positive impact on participant engagement that could make a big difference in retirement savings plans.
WORKSHOP: Preparing Your Plan’s Investment Line-up for the Next Decade
While we cannot predict with certainty what the economic environment of the next decade will hold likely possibilities including: rising interest rates, inflation, increased globalization, strengthening of emerging markets, and increased cyclicality in developed market economies. In this fast paced and interactive session, T. Rowe Price investment professionals will conduct a tour of these topics providing ideas and opinions for plan investment line-ups from both an equity and fixed income perspective.
PANEL DISCUSSION: Is it Time to Reconsider the Plan’s Capital Preservation Option?
Despite their staid reputation, capital preservation options have endured a tumultuous few years. Since the financial crisis, both stable value funds and money markets have endured regulatory scrutiny and dramatic changes in structure, yields and even fees. Examine developments within the stable value and money market environment, as well as potential alternatives within the capital preservation arena. Panelists will address the following questions:
- Given wrap provider capacity and constraints, how much value-added do stable value wraps really provide?
- How do recent regulatory developments affect the viability of stable value and money markets?
- What alternatives to stable value or money market funds make sense for DC plans?
- How necessary is a stable NAV within a plan geared for retirement investing?
WORKSHOP: Building a Portfolio in a Globalized Economy
The importance of including global investments in DC plan asset allocations cannot be overstated. Yet research shows that the U.S. plan allocations to domestic assets are higher than those of othercountries. Additionally, plan participants tend to overweight their portfolios with domestic investments. Over the past generation, the global economic, political and social landscapes have changed dramatically and, we think, irreversibly. Plan sponsors and plan participants have the opportunity to take advantage of portfolios positioned to benefit from economic progress all over the world, while seeking to protect and grow long-term purchasing power. Investors who embrace the idea that investment opportunities are no longer defined by borders are positioned to benefit most from the insights and opportunities presented by the new landscape.
PANEL DISCUSSION: Guide to Building a Financially Literate Employee Population
One of the greatest challenges DC plan sponsors face is developing true financial literacy among workers. This session will explore the most effective ways to provide financial education that fits the needs of employees at various stages of life and different wealth accumulations. Experts will discuss what’s needed to bridge investment knowledge gaps in the following areas:
- The role of financial literacy in the world of automated DC plans—how does automatic enrollment and automatic contribution escalation change the communication and education equation?
- Understanding the latest in social media and other alternative communication approaches
- Moving away from one-off, one-hit-wonder communication approaches to a program that keeps outreach and learning consistent
- Reaching the toughest-to-reach investors—younger workers. How can plan sponsors overcome the hurdles?
- Best practices in measuring the success of communication and education programs