HR Competencies
- Critical Evaluation
- Business Acumen
- HR Expertise
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.
Overview
- 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
Who Should Attend
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
Facilitator
Representative of MRP
