SEPTEMBER 27-30, 2015
INDIANAPOLIS, INDIANA
Agenda
NAGDCA 2015 Annual Conference Agenda
September 27-30, 2015
JW Marriott Indianapolis - Indianapolis, IN

Agenda is subject to change. To access agenda in PDF format, click here.


Sunday, September 27    
9:00 a.m. - 11:00 a.m.
JW Marriott - 312
Level 3
  NAGDCA Board Meeting
 

11:00 p.m. - 12:00 p.m.
JW Marriott - Level 312
Level 3
  ANC Foundation Board Meeting
 

12:00 p.m. - 6:30 p.m.
JW Marriott - Foyer 
Level 3
  Registration



12:00 p.m. - 6:30 p.m.
JW Marriott - Foyer 
Level 3

  Indianapolis Convention and Visitors Bureau Information Table
     
12:30 p.m. - 2:30 p.m.
JW Marriott - Grand 4
Level 3
  403(b) Pre-Conference Workshop - Vendor Consolidation and Employer Best Practices to Assist with Retirement Readiness

 Vendor consolidation in public schools and universities continues to be an active trend. There are many benefits for Employers and Participants through effective vendor consolidation, such as: lower fees, improved education, better participant outcomes, additional governance and oversight, and improved compliance with IRS regulations. Understanding how to build a successful strategy for vendor consolidation and learning from others that have successfully consolidated their vendors can be invaluable.

Participants will:
  • Better understand the post-conversion environment 
  • Learn industry best practices for engaging employers to take ownership and accountability for outcomes 
  • Consider systematic solutions, such as auto-enrollment and escalation, as solutions for their plans 
  • Explore the importance of vendor consolidation and putting employees on a path towards retirement readiness 
Moderator: David Morrell, State University of New York
Panelists: Rick May, TIAA-CREF; Carl Steinhilber, MassMutual; Ketul Thaker, Voya; Brian Usischon, University of North Carolina
     
12:30 p.m. - 4:30 p.m.
JW Marriott - Grand 3
Level 3

InFRE Pre-Conference Workshop - Fundamentals of Compliance and Ethics* 
Course #4 of the InFRE® Public Sector Retirement Plan Administrator Series

This course is designed for individuals who have a responsibility for a public sector retirement plan, whether it be a defined benefit or a defined contribution plan such as a 457(b), 403(b) or 401(k) plan. In this course you will learn about:
  • What is required to ensure your plan is in compliance with federal tax laws
  • Governmental regulation and the specific compliance requirements regarding plan form and operation that pertain to public sector plans 
  • Fiduciary roles and responsibilities to participants and beneficiaries 
  • Available IRS Corrective Programs 
  • General reporting issues 
  • The role of independent professionals in plan operation 
  • The ethics that are necessary for all parties responsible for the plan, in particular for those with a fiduciary role such as plan administrators, board or committee members, and other fiduciaries 
Perfect for those with new to intermediate level skills, this is the fourth course in the four-part series designed specifically for public defined contribution administrators.            

Presenter: Mary Willett, Willett Consulting

*Additional fee applies
     
1:00 p.m. - 2:00 p.m.
JW Marriott - Foyer
Level 3
  Theresa Cruz Myers 2 Mile Fun Run/Walk T-Shirt Pickup
Registered runners only
     
2:00 p.m. - 4:30 p.m.
JW Marriott - Lobby
Level 1
  Off-Site Social Tour
Pre-registered attendees only            
All participants will meet in the lobby of the hotel and walk to their option of choice with a tour guide

Choice of one of the following:
NCAA Hall of Champions
Check out the NCAA Hall of Champions and shoot some hoops in the 1930s replica gymnasium or throw a pass to a receiver in our sport simulators. Attendees can also test their knowledge with a game of trivia on any or all 23 NCAA sports. The interactive exhibits give you an opportunity to engage in the life of the student-athlete. It is truly a place where everyone can come to appreciate collegiate sports.

Eiteljorg Museum
A visit to the Eiteljorg Museum can be fun and educational for the entire family. The Eiteljorg Museum is the only museum of its kind in the Midwest, and one of only two museums east of the Mississippi that showcase both Native American and Western art, culture and history. Re-live the romance of the cowboys and the beauty of Native American cultures in the permanent collections at the Eiteljorg Museum.

The museum was founded through the collections of Indianapolis businessman and philanthropist Harrison Eiteljorg. After World War II, Eiteljorgs' business ventures took him West in pursuit of coal. While there, he developed a life-long passion for the West and its art.

The collection of Native American art and artifacts offers representation from all regions of North America; namely, the Woodlands, Southeast, Plains, Southwest, Plateau, California, Basin, Northwest Coast, and Subarctic/Arctic. Highlights of the collection include pottery, basketry, masterful wood carvings and a rich representation of beadwork and quillwork in the form of clothing and other items.

Indianapolis Zoo
The Indianapolis Zoo (one of the nation's Top 10, according to TripAdvisor) includes over 350 different animal species on its nearly 70 acres. The Indianapolis Zoo complex also includes a 3.3-acre garden, which features hundreds of plant varieties; which, when you think about it, is just a zoo with more chlorophyll.

The Zoo has many special features. The International Orangutan Center opened in May, 2014. Meet Azy, Knobi, Lucy, and their friends up close and personal on the ground and in the air via the SkyRide. The zoo's Oceans exhibit features the world's largest shark touch tank; while the Dolphin Adventure offers the world's first totally submerged dolphin viewing experience.
     
4:45 p.m. - 5:15 p.m.
JW Marriott - Grand 2
Level 3
  Student/Mentor Orientation

     
5:15 p.m. - 5:45 p.m.
JW Marriott - Grand 1
Level 3
  NAGDCA: An Environment for Learning
Panelists: Polly Scott, Wyoming Retirement System; Cindy Rehmeier, MOSERS; Jim Link, PFM Asset Management
     
5:45 p.m. - 7:15 p.m.
JW Marriott - Grand 6
Level 3
  President's Reception
     
Monday, September 28    
8:00 a.m. - 9:00 a.m.
JW Marriott - Grand 6
Level 3
  Breakfast Buffet
     
8:00 a.m. - 4:00 p.m.
JW Marriott - Foyer
Level 3
  Registration
     
8:00 a.m. - 4:00 p.m.
JW Marriott - Foyer
Level 3
  Indianapolis Convention and Visitors Bureau Information Table
     
9:00 a.m. - 9:45 a.m.
JW Marriott - Grand 5
Level 3
  Conference Opening and Welcome
     
9:45 a.m. - 10:45 a.m.
JW Marriott - Grand 5
Level 3
  Keynote Presentation: Fixing the US Retirement System 
Teresa Ghilarducci, The New School

Independent experts agree this is the first time in US history the majority of working Americans will do worse than their parents and grandparents in retirement. More elderly will work or look for work and pay off more debt than ever before as more retirement assets are skewed toward the very highest income retirees. The top 20% of baby boomers own 72% of all retirement assets. And, nearly half of workers have no plan at work because the system is voluntary. A national solution includes strengthening Social Security and increasing retirement savings with better tax policy and a requirement every worker to save at least 5% into a state or federally-administered retirement account. Because the federal government has not acted, today five states have acted to create retirement accounts for all workers. State DC plans for their government workers stand as a model for a national solution to the retirement crises. 

     
10:45 a.m. - 11:15 a.m.   Networking Break
     
11:15 a.m. - 12:15 p.m.
JW Marriott - Grand 5
Level 3
  General Session - Washington Update
(Open to all)
All eyes seem to be watching Washington as it debates the federal budget, tax reform, deficit reduction, and the debt limit. The Washington Report session will provide up-to-date information on those activities and how they could impact the administration of public employer defined contribution plans. The panelists will review the topics that have been discussed by policy makers who are contemplating changes to defined contribution plans.       

Moderator: Ralph Marsh, Houston Firefighters' Relief & Retirement Fund
Panelists: Susan White, Susan J. White & Associates; Jon Sheiner, Susan J. White & Associates
 
   
12:00 p.m. - 2:00 p.m.
JW Marriott - Foyer
Level 3
  Theresa Cruz Myers 2 Mile Fun Run/Walk T-Shirt Pickup
Registered runners only
     
12:15 p.m. - 1:15 p.m.
JW Marriott - Grand 6
Level 3
  Opening Luncheon
     
1:30 p.m.  - 2:45 p.m.
  Government Member Case Studies (Government Members and Students Only)
Panel presentation with small group discussions
     
JW Marriott - Grand 2
Level 3
  Case Study 1 - Recordkeeping Conversions
Moderator: Cindy Rehmeier, MOSERS
Panelists
: Tim Atkinson, City of Austin; Kole Crofts, Boise Police; Kelly Hiers, Commonwealth of Virginia
     
JW Marriott - Grand 3
Level 3
  Case Study 2 - Participant Statements
Moderator: Regina Hilbert, Retired from Suffolk County, NY
Panelists:
 Laura Bowen, State of Wyoming; Jim Heagen, Ohio Deferred Compensation; Angie Surface, State of Georgia
 

JW  Marriott - Grand 4
Level 3
  Case Study 3 - Leadership Award Winner Case Studies
Moderator: Kathy Gannon, State of Oregon
Panelists: Mike Halpin, State of Maryland; Gary McBride, San Bernardino County; Keith Overly, Ohio Deferred Compensation
     
2:45 p.m. - 3:00 p.m.   Networking Break
     
3:00 p.m. - 4:15 p.m.
Government Member Case Studies (Repeated; Government Members and Students Only)
Panel presentation with small group discussions


JW Marriott - Grand 2
Level 3

  Case Study 1 - Recordkeeping Conversions
     
JW Marriott - Grand 3
Level 3

  Case Study 2 - Participant Statements
     
JW Marriott - Grand 4
Level 3

  Case Study 3 - Leadership Award Winner Case Studies
     
4:30 p.m. - 5:15 p.m.
JW Marriott - Grand 7-8
Level 3
  Quiz Bowl - Elimination Round
     
Tuesday, September 29    
6:00 a.m.
JW Marriott - Lobby
Level 1
  Theresa Cruz Myers 2 Mile Fun Run/Walk Participants Meet in Hotel Lobby
Registered runners only
     
6:30 a.m.
  Theresa Cruz Myers 2 Mile Fun Run/Walk Begins in White River State Park
 

8:00 a.m. - 9:00 a.m.
JW Marriott - Grand 6
Level 3
  Breakfast Buffet 
     
8:00 a.m. - -4:00 p.m.
JW Marriott - Foyer
Level 3
  Registration
     
8:00 a.m. - 4:00 p.m.
JW Marriott - Foyer
Level 3
  Indianapolis Convention and Visitors Bureau Information Table
     
8:00 a.m. - 4:00 p.m.
JW Marriott - Foyer
Level 3

   Be the Match Bone Marrow Registry Booth
     
9:00 a.m. - 10:15 a.m.

  Concurrent Sessions Divided by Track A & B (See below)

Track A - New Members - Deferred Compensation Basics
(Less than 5 years in the industry)
     
JW Marriott - Grand 1-2
Level 3
  Session 1: Plan Governance: Board/Committee Membership, Responsibilities and Best Practices
Board or Committee governance of a defined contribution plan can be challenging as members must have an understanding of their fiduciary role, their responsibly to understand the Plan and its rules, comply with evolving legislative/regulatory changes, and generally ensure that their decisions are always made in the best interests of their plan participants.In this session, the following will be covered:
  • How Board/Committee members can best familiarize themselves with vital information, including resources that may be available for reference.
  • An overview of general responsibilities including fiduciary as well as communication responsibilities.
  • Skills in being effective in the Board/Committee oversight role.
  • How to utilize your staff and NAGDCA resources for the latest information/research on current and possibly future issues
Moderator: Brayton Connard, Monroe County, NY
Panelists: Marilyn Collister, Empower; Vincent Galindo, Hyas Group; Mike Halpin, State of Maryland
     

  Track B – Administrators (More than 5 years in the industry)


JW Marriott - Grand 3-4
Level 3
  Session 1: Strategies to Prevent or Slow Plan Leakage
Leakage from defined contribution plans is a serious threat to your employees’ retirement income savings. Recent studies show that withdrawals and defaulted loans allow too many Americans to spend their retirement savings far in advance of retirement, jeopardizing retirement income. Lump-sum distributions or rollovers taken out at separation of service may result in a loss of retirement income security or higher fees. This session will focus on the challenges created by account leakage from your defined contribution plans and strategies to help slow the leaks.
In this course you will:
  • Gain an understanding of factors affecting plan leakage
  • Understand the balance between limiting withdrawals and discouraging plan participation
  • Discuss communication and education strategies for plan participants on the long-term cost of withdrawing retirement savings before retirement
  • Learn best practices for Plan Sponsors on minimizing plan leakage
Moderator: Wendy Carter, The Segal Group
Panelists: Brendan Curran, State Street Global Advisors; Lori Lucas, Callan Associates; Kenje Mallot, Aon Hewitt
     
JW Marriott Grand 7-8
Level 3
  Session 2: Targeted Communications to Participants
Targeting public sector employees with financial education and messaging at the right time, through the most effective channel, is critical to helping people achieve their goals. This session will focus on creating relevant and valued messages that inspire participants and eligible employees to take action. This session will help you:
  • Focus on developing content and messaging for different audiences
  • Motivate your participants by creating materials that inspire people to take action that’s appropriate for them
  • Accommodate different learning styles.
  • Design a campaign that makes use of resources available, to include digital as well as print and in-person.
  • Learn from real-world examples through specific case studies spotlighting a partnership between a plan sponsor and record keeper to create successful materials using participant data.
Moderator: Kimberly Weir, State of California
Panelists: Scott Dingwell, BlackRock; Barbara Healy, SST Benefits Consulting; Casey Fick, MOSERS
     
JW Marriott 9-10
Level 3
  Session 3: The Bad, the Good, and the Ugly
Behavioral Economics in DC Plans Behavioral Economics can explain why individuals make sub-optimal decisions (the Bad), and how DC Plans can remove barriers to smarter behavior (the Good). We know employees don’t start saving early enough and they don’t save enough. So why are supplemental DC Plans not using behavioral economics to create better retirement outcomes for their employees/participants? Employees need to better understand the changing cost and shifting role of DB plans in their retirement security planning. Why are “supplemental” DC Plans reluctant to use behavioral economics to help employees/participants have a real shot at retirement readiness (the Ugly)? 

Moderator: Tom Mueller, Sanitation Districts of LA County
Panelists: Cathie Eitelberg, The Segal Group; Greg Jenkins, Invesco; Keith Overly, Ohio Deferred Compensation
     
10:15 a.m. - 11:00 a.m.
  Networking Break
     
11:00 a.m. - 12:15 p.m.   "Breakout Sessions" - Government Member Sessions
(Government members and students only)

   
JW Marriott - 302-303
Level 3
  Session #1: $100 million or less
Moderator: Kole Crofts, Boise Police Department
     
JW Marriott - 304-306
Level 3

  Session #2: $101 million - $250 million
Moderator: Craig Phillips, City of Eugene, OR

 
JW Marriott - 308
Level 3

  Session #3:  $251 million - $499 million
Moderator: Tim Atkinson, City of Austin

 
JW Marriott - 309-310
Level 3

  Session #4:  $500 million - $999 million
Moderator: Patty Davis, Montana Public Employee Retirement Administration

 
JW Marriott - 312
Level 3

  Session #5:  $1 billion - $3 billion
Moderator: Steve Toole, State of North Carolina

 
JW Marriott - 314
Level 3

  Session #6: > $3 billion
Moderator: Kandi Winters, State of Florida



11:00 a.m. - 12:00 p.m.
JW Marriott - Grand 6
Level 3
  Industry Member Annual Meeting
(Industry members only)
     
12:00 p.m. - 4:00 p.m.
JW Marriott - Lobby
Level 1
  Guest Program
Lunch is included
Registered guests only


A trip to Indianapolis would not be complete without a visit to the world famous Indianapolis Motor Speedway. This 2.5 mile oval track is host to the Indianapolis 500, Brickyard 400, and MotoGP races. Nearly all of the legends of worldwide racing have competed on the Speedway’s hallowed ground, including names like Harroun, Foyt, Andretti, Unser, Mears, Gordon, Earnhardt, Schumacher and Rossi. While at the track, guests will get a sneak peek into the past, present, and future of racing at the Indianapolis Motor Speedway Hall of Fame Museum.

After experiencing the legendary Indianapolis Motor Speedway, the tour turns to the cars that compete in the IndyCar series with a stop at the Dallara IndyCar Factory. Dallara Automobili is an Italian chassis manufacturer for various motor racing series, including Formula 3, Indy Lights, and the IndyCar Series. Its Indianapolis manufacturing facility has a beautiful 22,000 square fooy glass-encased interactive hall. At the IndyCar factory, guests will have the opportunity to view a brief 10-minute film reviewing the history of Dallara Automobili and explore their interactive museum.
     
12:15 p.m. - 1:30 p.m.
JW Marriott - Grand 6
Level 3
  Government Member Annual Business Meeting and Luncheon
(Government members and students only)
     
1:30 p.m. - 1:45 p.m.   Networking Break
 

1:45 p.m. - 2:30 p.m.
JW Marriott - Grand 5
Level 3
  NAGDCA Retirement Knowledge Quiz Bowl
(Open to all)
     
2:30 p.m. - 3:30 p.m.
JW Marriott - Grand 5
Level 3
  General Session: Regulatory Update
(Open to all)
Discussion around recently issued or pending regulations pertaining to defined contribution plans.

Moderator: Craige Stone, Utah Retirement Systems
Panelists: Robert Gauss, ICE Miller; Michael Paton, Barnes & Thornburg; Melanie Walker, The Segal Group
     
3:30 p.m. - 4:00 p.m.   Networking Break
     
4:00 p.m. - 5:15 p.m.

  Concurrent Sessions Divided by Track A & B

Track A - New Members - Deferred Compensation Basics
(Less than 5 years in the industry)
     
JW Marriott - Grand 1-2
Level 3
  Session 2: The What, Why and How of Structuring Investment Menus: Contrasting Case Studies
We know offering too much choice can have negative consequences We’ve heard about the different ways to structure investment menus – Morningstar style box, fund-of-funds, target date funds. But, what have plan sponsors done?Why did they do it? How is it turning out? The Missouri State Employees Retirement System migrated from a traditional investment line-up to offering all target date funds and a low risk fund.City of Los Angeles takes a completely different approach and doesn’t offer target date funds.Colorado PERA uses primarily fund-of-funds.Hear their stories and take away ideas for improving your investment lineup. 

Moderator: Richard Davies, AB
Panelists: Jeffrey Cable, Colorado PERA; Steven Montagna, City of LA; Cindy Rehmeier, MOSERS
     
    REPEAT OF Track B – Administrators 



JW Marriott - Grand 3-4
Level 3
  Session 1: Strategies to Prevent or Slow Plan Leakage
     
JW Marriott - Grand 7-8
Level 3
  Session 2: Targeted Communications to Participants
     
JW Marriott - Grand 9-10
Level 3
  Session 3: The Bad, the Good, and the Ugly
     
5:45 p.m. - 6:30 p.m.
JW Marriott - 312
Level 3
  Leadership Awards Photos
     
6:30 p.m. - 7:30 p.m.
JW Marriott - Foyer
Level 3
  Networking Reception
     
7:30 p.m. - 9:00 p.m.
JW Marriott - Grand 5-6
Level 3
  Annual Dinner
     
Wednesday, September 30    
7:30 a.m. - 8:30 a.m.
JW Marriott - 308
Level 3
  Annual Conference - Member Focus Group
(By invitation only)
     
8:00 a.m. - 9:00 a.m.
JW Marriott - Grand 6
Level 3
  Breakfast Buffet
     
8:00 a.m. - 10:30 a.m.
JW Marriott - Foyer
Level 3
  Registration
     
8:00 a.m. - 10:30 a.m.
JW Marriott - Foyer
Level 3
  Denver Convention and Visitors Bureau Information Table
Site of 2016 Annual Conference
     
9:00 a.m. - 10:15 a.m.   Concurrent Sessions (All Attendees)



JW Marriott - Grand 1-2
Level 3
  Session 1: Putting All Your Eggs in One Basket, but Which Basket?
The session will explore how plan sponsors can better evaluate the growing number of All-in-One investment options and identify which of the alternatives might be suited for your workforce. The session will explore the different structures for All-in-One investment options including balanced funds, target risk and target date funds, and managed accounts along with their features, risks inherent in the strategies, and the pros and cons of each alternative. Further, panelists will discuss the importance of All-in-One investment solutions in today’s DC plans including the growth in popularity, their importance from a behavioral finance perspective and how they can/should impact investment menus generally. Additionally, the session will include discussion of recent trends, customization and what the future may hold.

Moderator: Jim Link, PFM Asset Management
Panelists: Rick Fulford, PIMCO; Alain Michnick, Russell Investments; Kevin Vandolder, Aon Hewitt
     
JW Marriott - Grand 3-4
Level 3

  Session 2: “Am I going to run out of money?”- Lifetime Income Solutions
The first 35 years of the defined contribution industry have focused on the accumulation phase. As aging baby boomers begin leaving the workforce, the first generation of DC savers will now be tasked with turning an accumulated balance into a monthly retirement paycheck….for life. Many public pensions have also greatly reduced pension benefits for new hires, shifting them to DC plans and placing more of the retirement responsibility on the participant.
This session will discuss available options, both outside and inside of the plan, that plan sponsors can help ensure their participants are able to receive an adequate retirement paycheck for life.

ModeratorJohn Borne, Empower
Panelists: Scott Boyd, Prudential; Glenn Sherman, ICMA-RC
     
JW Marriott - Grand 7-8
Level 3

  Session 3: “Where does retirement come from?” Taking a Holistic View of Retirement Readiness
Today’s retirement income can come from multiple sources- Social Security, defined benefit, defined contribution and personal savings. It can be difficult for participants to make sense of it all. By taking a holistic approach to retirement planning, you can help simplify the planning process from multiple moving pieces into one consolidated source. This session will look at tools you can develop to provide a coordinated retirement income projection from multiple sources into one easy to understand number for your participants. 

ModeratorBrenda Griebert, TIAA-CREF
Panelists: John Chavez, Nationwide; Jake O'Shaughnessy, Arnerich Massena
     
JW Marriott - Grand 9-10
Level 3

  Session 4: National Save for Retirement Week
2015 NAGDCA Leadership Award winners will provide case studies around best practices and successful programming for National Save for Retirement Week.

Moderators: Doug Miller, Suffolk County; Peter Schaffer, Davis Advisors
Panelists: Kandi Winters, State of Florida; Mary Buonfiglio, State of North Carolina; Michael Okumoto, State of Hawaii
     
10:15 a.m. - 10:45 a.m.   Networking Break
     
10:45 a.m. - 12:00 p.m.
JW Marriott - Grand 5
Level 3
  Closing Presentation -  Behaviorally Based Retirement Programs: What It Means and Why Administrators Should Care
Jodi DiCenzo, Behavioral Research Associates

Ms. DiCenzo will eliminate any doubt the application of behavioral decision-making knowledge is essential for cost-effective management of successful, participant-directed retirement programs.  Successful administrators of participant-directed retirement plans must continue to develop competencies in understanding and applying key behavioral research to cost-effectively maximize employees’ retirement security.  Attendees will gain solid foundational knowledge of key retirement-related behavioral research - including its practical implications.  Session attendees will also leave knowing where to turn to stay ahead of the behavioral research curve.