NAGDCA Award Case Studies – Financial Wellness
Presented by the City of Anaheim and the County of Los Angeles.
Presented by the City of Anaheim and the County of Los Angeles.
Learn about the key features of three university plans and the unique challenges they face such as multiple employers, diversity of participants, and a variety of plan designs. The panel will discuss plan governance structures, investment options, participant engagement, and provide lessons learned that can be applied to all public sector DC plans.
Presented by Chicago Public Schools and the City of Seattle.
Will the recession ever hit? Are more banking failures possible? What can we expect in the year ahead? Explore the current market conditions and learn what’s expected in both the short- and long-term economic forecast. The panel will address the latest around interest rates, inflation, and the dichotomy of fixed income and equity. Learn how all this and more can impact plan sponsors and participants and leave with tips for helping employees focus on the long-term investment journey.
Successful governance of public sector retirement plans is the foundation of providing participants with retirement options that best meet their needs. Join us for this new Sunday session exploring the important roles of staff, Board, and committee members and best practices for building strong relationships among all parties. The panel will address education on responsibilities of staff versus Board , review steps for developing successful plan operations, discuss common governance challenges, and provide practical tips for enhancing diversity, equity, and inclusion within organizations.
With technological advances, it has become easier to create tools that can help plan sponsors identify, evaluate, and act on goals and objectives; measure results; and carry out their vision for improving their Plan and the lives of the people it serves. Explore resources that help plan sponsors gain insight into the focus areas of fund managers and vendors, learn how to establish a feedback loop to hear the voice of the participant, and discover how to create a practical and actionable roadmap for moving from the abstract to the concrete.
Plan fees can be complicated making effective participant communication quite a challenge. This panel will discuss the different types of plan-related fees and the challenges one Plan is facing during the development of a new fee policy. Learn best practices for developing clear, concise fee information and how to help ensure participants are making educated decisions.
Retiring U.S. workers are finding it increasingly difficult to transition from saving to spending, and none more so than employees in the public sector. With the availability of defined benefit pensions and varying social security eligibility, public sector workers are in a unique situation when they retire. This panel will address this decumulation challenge, focusing on what participants really want and need. Learn when and how to engage participants about income generation in retirement and hear how one organization is educating participants about the benefits of keeping their money in the plan.
Communication strategies are rapidly evolving as many individuals adapt to new hybrid or fully remote work environments. Explore recent data findings and discover tips for engaging participants in different work environments. Learn one Plan’s communication successes (and lessons learned), the important role plan sponsors play in participant engagement, and how to apply these ideas into your own plan.
Since the pandemic, organizations find themselves with another unexpected phenomenon many call the “Great Resignation” – the massive wave of U.S. workers quitting their jobs for new opportunities or exiting the job market completely. Learn how the pandemic impacted public sector employment and gain suggestions for navigating remote work so employees engage and feel valued. See how one plan is making legislative changes to their employer match with recruiting and retention in mind.