It’s hard to imagine a small subsection of the Internal Revenue Code, added in 1978, to have such an outsized and radical impact on Americans’ livelihoods. Yet we have now all seen how that particular subsection has revolutionized retirement saving and brought forth the concept of defined contribution as a mainstream force in society at large.
And in an industry that is now a little defined by lethargy, perhaps unfairly given its regulatory and fiduciary nature, an impetus for innovation and transformation seems needed, especially in light of all the great changes that have been occurring in other aspects of finance and asset management. We have already seen how a combination of auto-features and QDIAs like target-date funds can thrust the state of retirement security forward, we now ponder on the makeups of the next era in defined contribution for plan sponsors to enact and implement.
The shift of plan sponsors’ focus to decumulation, for one, is a popular topic as the industry debates and rethinks the idea of retirement income beyond annuities. New and non-traditional investment options like private assets and ESG are being considered by a growing number of plan sponsors in the face of inflation, new economic uncertainties, and calls for crafting a more sustainable investment landscape. The ever-changing world of technology provides further opportunities and inspirations for revolutionizing the industry. With so much to consider and discuss, join the DC institute again at Half Moon Bay this year to meet new and familiar faces as we collectively and collaboratively mull over the path forward.
The Defined Contribution Institute was created to serve DC plan sponsors, and we rely upon an Advisory Board of plan sponsors to help conceptualize and guide each event’s agenda. We sincerely thank this year’s Advisory Board as well as everyone who has provided — and will continue to provide — input to ensure that the topics we are addressing are current, practical, and pertinent.
Bernie Knobbe, Vice President, Global Benefits, AECOM (Chair)
Jaime Erickson, Director, US and PR Retirement Plans, Abbott Laboratories
Lynna Soller, Director, Employee Benefits, Arizona State University
Matt Adamson, Benefits, Americas, Bloomberg L.P.
Sandy Blair, Director, CalSTRS
Patricia Campbell, Executive Director, Employee HRIS, Benefits, EAP, Wellness, Service Recognition, Cedars-Sinai
Eric Newman, Accountant/Treasury Manager/Trustee, City of Stamford
Johnny Liang, Senior Director, Compensation & Benefits, Dolby Laboratories
Chip Weule, Chief Benefits Officer, Fire and Police Pension Association of Colorado
Eleazar “Ely” De Gracia Jr., Benefits Manager, Genentech
Daniel Marafino, Financial Benefits Specialist, Google
Bob Landry, Director, Investments & Retirement, H-E-B
Roger Paschke, Vice President, Chief Investment Officer, Hearst
Anita Volta, US HR Ops Program Manager, Micro Focus
Pam Hembrow, Director, Global Benefits, Microsoft
Stephen McCaffrey, Senior Counsel for Plans, National Grid USA
Ron Shaw, Financial Wellbeing & Retirement Manager, Paychex
Susan Long, N.A. Retirement Benefits Manager, Unilever
Gay Lynn Bath, Director of Retirement Plans Management, University of Oregon
Carl Gagnon, Assistant Vice President, Global Retirement Programs, Unum Group
Malika Terry, Vice President, Global Total Rewards, UPS