HR Competencies

• Critical Evaluation
• Business Acumen
• HR Expertise

Objective

To provide participants with a comprehensive overview of the “best practices” in managing and improving employer sponsored retirement plans. This class will provide information for both ERISA governed [401(k), Pension, 403(b), etc.] and non-ERISA governmental retirement plans. The key elements of recent regulations and legislation that impacts retirement plans will be reviewed as well as a focus on what is required to be a good “steward” when caring for employees’ retirement savings.

Outline

• Why employers should care about the retirement outcomes of their employees and its impact to the organization’s bottom line
• Financial Wellness – benefits and challenges to proper implementation and execution
• How to engage your employees in your retirement plan rather than just “educate” them about your plan
• Overview of employer sponsored retirement plans
• Current best practices related to retirement plan design and funding
• Best practices for managing fiduciary responsibilities
• Understanding retirement plan fees
• Best practices in investment menu design and monitoring
• Evaluating and changing service providers
• Legislative and regulatory update
• Avoiding common mistakes, overview and checklist

Designed For

Human Resource practitioners responsible or involved in managing or communicating retirement plans and/or CFO’s and Retirement Committee members responsible for the management of retirement plans