MIAMI — The impact of baby boomers' retirement on defined contribution plans, the continuing shift from defined benefit plans and changes in the Bush administration's retirement program proposals will be the major topics at Pensions & Investments' Defined Contribution/401(k) East Coast Conference Feb. 24-25 in Miami.
The conference concludes with The Eddy Awards for excellence in defined contribution investment education. The awards were created more than a decade ago by the editors of P&I to recognize best practices in educating participants about investing. The awards now are jointly sponsored by P&I and Workforce Management, a sister publication.
"Looking into the Retirement Crystal Ball: A 10-Year Fast Forward Perspective into the Year 2015," will be given by Cynthia Hayes, first vice president of the Merrill Lynch Retirement Group, South Pennington, N.J. She will highlight the trends, issues and implications emerging around baby boomer retirement, and strategic and tactical solutions employers can use to weather the impending benefits storm
James M. Delaplane Jr., partner at the law firm of Davis & Harmon LLP, Washington, will discuss the Bush administration's proposals to reform Social Security, create new types of savings accounts — including Employee Retirement Savings Accounts, which would essentially end corporate defined contribution plans as they currently exist — and the changing rules for defined benefit plan funding.
A session on "Fixing 401(k) Education" will be led by E. Thomas Garman, author and adviser, fellow and professor emeritus at Virginia Tech, Blacksburg; and Richard Glass, president, Investment Horizons, Pittsburgh. They will explain the elements of a state-of-the-art education program, personalizing education for participants and helping employees understand what they'll need at retirement. They will also talk about getting away from allowing participants to default into conservative investment options, informing participants of the realities of retirement finance and teaching participants strategies to cut down on debt and save more for retirement.
Plan investments, managed accounts and full disclosure on plan fees also are on the agenda.
At the Feb. 25 luncheon where the Eddy winners will be announced, the winning education programs will be on display so attendees can see the creativity and effort that went into producing them.
The conference begins with a cocktail party Wednesday night. The conference is cosponsored by International Business Forum. To register or to get more information, visit IBF's website, www.ibfconferences.com, or contact Cathy Fenn at (516) 765-9005 ext. 21, or [email protected]