Rising Rates, Inflation & The Future of "Cash" In 401(k) Plans
Release Date: 09/23/2022
Are We Approaching The Tipping Point For Private Equity & 401(k) Plans?
401(k) Fridays Podcast
It’s been a minute since we focussed on PE and retirement plans. To dive into this I have Dan Cahill of the private equity firm Partners Group, one of two firms that took the initiative to seek guidance from the DOL on the utilization of PE in 401(k) plans. We dive right into, what the significance of the information letter in 2020 was, what has transpired since then, the investment case for and against PE and how plaintiff’s attorneys are viewing things. A lot of great stuff, I learned a lot, hope you do as well. Guest BIo Daniel Cahill is part of the Client Solutions Americas...
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Should the Financial Markets Guide Your Business (or 401(k)) Decisions?
401(k) Fridays Podcast
It seems like the major themes that are dominating the investment markets are also of great interest to individuals trying to make decisions personally or in their businesses. That isn’t always the case. I couldn’t think of a better person to wade through this with me than a perennial podcast favorite Rob Arnott, Founder and Chairman of Research Affiliates. As usual, Rob packages his enthusiasm, excellent communication, and insights in a way that should help you think through current trends and how they could impact you, your business and even a few items on your 401(k). Hope you enjoy!...
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Bonds Behaving Badly, What Happened & What's Next?
401(k) Fridays Podcast
Bonds, or fixed income investments did not have a great year in 2022 to say the least. The big question is now what? To delve into that, I am excited to have Michael J. Collins, CFA, and Managing Director and Senior Portfolio Manager for Core, Core Plus, Absolute Return, and other Multi-Sector Fixed Income strategies at PGIM. We start with commentaries on performance, then move to interest rates, different areas of the bond market and most importantly, what, if anything plan sponsors should be doing in their 401(k) or workplace retirement plans. Also, Michael mentions the graph below, you'll...
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Are You in The Know About SECURE 2.0?
401(k) Fridays Podcast
If you are at all involved with workplace retirement plans, you would have to have been living under a rock to have not heard about SECURE 2.0. It is a hot topic, while also ambitious and even confusing. With all those factors, I couldn’t think of a better person to join me to wade through all this than Alison Cohen, Partner at the Ferenczy Benefits Law Center. We do cover a lot ground today so get ready. Also, while there has been a lot announced, keep in mind many new provisions don’t go into affect for one or more years and we still will need guidance from the IRS or others to answer...
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Will Your 401(k) Account Soon Follow You Around?: Automatic Rollovers Coming To A Plan Near You
401(k) Fridays Podcast
Here we go with a 401(k) Friday’s Podcast first, three guests and a great topic. Today we dive into the recent announcement that three major recordkeepers are launching the Portability Services Network. Joining me to discuss what this means is Dave Gray from Fidelity, Greg Long from Alight and Steve Holman from Vanguard. We tackle what is an automatic rollover, the problems it solves for employees and employers, how it works and whether the DOL and others think this is a good idea. This could have been a disaster having three guests, each with a lot to say, but it turned out well. I hope you...
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Creating a Foundation for Financial Wellness
401(k) Fridays Podcast
It’s been a little while since we tackled financial wellness, there has been a lot going on in that area so I was glad to be able to connect with Brent Hines, the co-founder and Chief Development Officer of the educational non-profit, Foundation for Financial Wellness. The Foundation’s mission is to improve people’s lives by empowering them with the knowledge and the motivation to take control of their financial lives. During our conversation, we compare definitions of financial wellness, talk about how to design and deliver effective programs with employers and discuss training and...
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401(k) Auto Features: The Good, Bad & Ugly
401(k) Fridays Podcast
Every now and then you have a guest that like Prince, or Cher, that simply needs one name to know who they are. Today, I am happy to welcome Shlomo, more formally known as Dr. Shlomo Benartzi, Professor Emeritus, UCLA Anderson, Founder and CEO, PensionPlus. We dive into the compelling and complex topic of the good, the bad and the ugly of auto everything in retirement plans. As implied, auto features are powerful, but may or may not be the best solutions to everything. Love to hear what you agree or disagree with, please share and leave your comments on LinkedIn. I learned a lot, hope you do...
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Pooled Employer Plans, Canaries & Managed Accounts
401(k) Fridays Podcast
I am happy to welcome back another guest who seemingly had predictive powers in prior episodes to briefly reflect on that prediction and give his crystal ball another look. Joining me is Jason Roberts, CEO of Pension Resource Institute and Retirement Law Group and managing partner at Group Plan Systems. Jason also shares input on evaluating some services plan sponsors use that are tougher to compare than say a large cap growth fund. Lot’s of food for thought today, I hope you get as much out of the conversation as I did. Coming up on the podcast, we are going to delve into the...
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Thoughts on Market Declines, Parity of Returns & V-Shaped Recoveries
401(k) Fridays Podcast
If you hadn’t noticed, 2022 hasn’t produced the best results in the financial markets. The questions on everyone’s mind are how did we get here and what’s next? To delve into those and many other questions I am happy to welcome back Rich Weiss, Senior Vice President and Chief Investment Officer overseeing the Multi-Asset Strategies Division at American Century Investments. Personally, I’m glad we were able to pry him away from CNBC, Bloomberg TV or Fox Business News to share his timely insights! A quick warning, everything we discuss is not puppy dogs and rose petals. I strongly...
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Rising Rates, Inflation & The Future of "Cash" In 401(k) Plans
401(k) Fridays Podcast
Today, I am excited to launch the fall series of episodes and we start with stable value investments. My guest is Steve Horner, CFA and Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income at Putnam Investments. With the historic interest rate hikes, surging bond yields and talk of recession Steve shares what all this means for stable value funds. We also hit on some of the basics around what a stable value fund is, how they work and a few tips to evaluate and understand what is going on under the surface. We also delve into some more technical elements like wrap...
info_outlineToday, I am excited to launch the fall series of episodes and we start with stable value investments. My guest is Steve Horner, CFA and Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income at Putnam Investments. With the historic interest rate hikes, surging bond yields and talk of recession Steve shares what all this means for stable value funds. We also hit on some of the basics around what a stable value fund is, how they work and a few tips to evaluate and understand what is going on under the surface. We also delve into some more technical elements like wrap insurance and put provisions. Good stuff, I learned a lot and hope you do as well!
Guest Bio
Mr. Horner is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income,focusing on Putnam's Stable Value portfolios. He manages stable value, general account insurance, structured investment-grade, absolute return, and multi-sector fixed-income portfolios. Mr. Horner is responsible for portfolio construction, fiduciary oversight, and the communication of investment team decisions on policy, strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the investment industry since 1991.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 225 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode every other Friday!