The best of the 401(k) Summit
Published March 13, 2013 10:44 AM
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Updated March 13, 2013 12:39 PM
1 Min Read
Are 401(k) plans a failed experiment?
The 401(k) plan is certainly under attack, Brian Graff, executive director and CEO of ASPPA, told attendees. He made his remarks as moderator of a panel discussion that addressed whether 401(k) plans are failed experiment. And while no one agreed the 40(k) system is a failure, there were differing views on how successful its been.
Pictured (from left to right): Brian Graff; Kevin Crain, head of institutional retirement and benefit services, Bank of America Merrill Lynch; Karen Friedman vice president, Pension Rights Center; Judy Miller, director of retirement research, ASPPA.
Protect my piggy
Over 120 exhibitors gathered in the exhibit hall under banners promoting ASPPAs Save My 401(k) campaign, a grassroots campaign to protect the tax incentives of employer-sponsored retirement plans from the threat of tax reform. Its goal is to educate members of Congress and urge them to preserve the 401(k) tax incentives.
Legal roundtable
Fiduciary concerns, 408(b)(2) fee disclosures, target date funds and tax reform were all topics of discussion during the Summits legal roundtable.
Pictured (left to right): Moderator Sarah Simoneaux, past ASPPA president and retirement services industry consultant with Simoneaux & Stroud Consulting Services; David N. Levine, Groom Law Group, Washington, DC; Marcia S. Wagner, The Wagner Law Group, P.C., Boston, MA; Fred Reish, Drinker Biddle & Reath LLP, Los Angeles, CA.
401(k) leadership award
The fiduciary consulting group at PSA from Hunt Valley, Md. received the 2013 401(k) Advisor Leadership Award. Jania Stout, retirement plans practice leader at PSA, received the award on behalf of the team. The award recognizes a leading financial adviser or team for contributions that exemplify leadership, experience and expertise in the retirement plan industry. The other finalists were Mike Kane, founder and managing director, Plan Sponsor Consultants in Alpharetta, Ga. and Chad Larsen, president, Moreton Retirement Partners in Denver, Co.
Pictured (left to right): Brian Graff, executive director and CEO, ASPPA; Jania Stout; Mike Kane; Chad Larsen; Marcy L. Supovitz, NAPA president and principal of Boulay Donnelly & Supovitz Consulting Group, Inc.
Steps for success
Attendees took part in a unique program called Steps for Success to benefit The Boys & Girls Club of Las Vegas. Pedometers could be purchased for $15 and through the generosity of sponsors, every step taken counted toward a collective conference goal of five million steps. Pictured here: Paul DAiutolo, vice president, investments for UBSs institutional consulting team, presents a cheque for $20,000 to Debbie Smith, grants development director for The Boys & Girls Club of Las Vegas.
