Employee Benefits and Executive Compensation partner Marla Kreindler will present at the Pensions & Investments Annual West Coast Defined Contribution Conference.
October 19, 2015 | 2:50–3:45 pm
How Do State Programs Change the Retirement Landscape?
State legislative initiatives on programs for private-sector employees not currently covered in a 401(k) or other retirement plan are being or have been debated, proposed or implemented in dozens of states – 24 at last count. What are the key design features of programs that have been adopted and what’s under discussion for other programs? Who will manage the assets and will the investment choices be institutional? What will be the impact on retirement security for participants in small plans with a match – and for the industry – if small companies switch over to these programs and drop their 401(k) plans? What is the employer responsibility and who’s on the hook if the employer doesn’t make contributions to the state plan? What are implications for specific states such as Illinois which has adopted a program on a conditional basis, and the market analysis/feasibility studies going on in California and Connecticut? Hear from state plans and industry experts on what’s going on across the country.