What You Need to Know About Your Retirement Plan’s Target Date Funds (TDF)
In February 2013, the DOL issued tips for ERISA plan fiduciaries on Target Date Fund (TDF) selection. Under the safe harbor and automatic-enrollment legislation introduced by the Pension Protection Act of 2006, TDFs have become by far the most popular qualified default investment alternative (QDIA) for defined contribution (DC) plans. Many plan sponsors do not realize the significant fiduciary responsibility they have for choosing and administering their TDFs. In addition, it is critical that plan sponsors have a coherent communications strategy to educate their plan participants about TDFs. Join us to learn more about a very “hot” topic within the retirement plan community.
What You Will Learn:
- Why plan sponsor’s should establish a Target Date Fund evaluation process
- Understanding the plan sponsor’s fiduciary liability for their Target Date Funds
- Why it is so important for plan sponsors to educate participants about their plan’s Target Date Funds and recommended strategies for doing so.
Lawrence (Larry) Albert, CFP®, M.B.A., AIF.®, Capital Management Partners
Larry Albert joined Capital Management Partners, LLC, in November 2011 after spending over twenty years as a human resources and employee benefits executive within both the private and non-profit sectors, with a focus on retirement plans and compensation.
Larry’s practice focuses on helping individuals, families and businesses develop practical strategies for accumulating, preserving and distributing their assets. He has extensive experience helping individuals plan for successful retirements. Larry’s practice also encompasses the installation and management of retirement plans for small to mid-size businesses and not-for-profit organizations.
Larry's years of experience in the human resources field have provided him with strong critical thinking, financial and problem solving skills as well as experience communicating complex financial concepts. Larry utilizes the extensive resources available at Capital Management Partners and Commonwealth Financial Network to help provide his clients with solutions for many of today’s financial challenges.
Larry is a CERTIFIED FINANCIAL PLANNER™ professional and holds an M.B.A. degree in Finance from Boston University. Larry is a FINRA Series 6, 7, 63, and 65 registered representative and an investment adviser representative with Commonwealth Financial Network® Member FINRA/SIPC, a Registered Investment Adviser. He also holds Life, Accident, and Health Insurance licenses, and is an Accredited Investment Fiduciary®.
Larry serves on the board of the Beverly Council on Aging, is a member of the North Shore United Way Allocations Committee and also serves in the Pro Bono Financial Coaching Program, a collaborative effort of the Dana-Farber Cancer Institute and the Financial Planning Association of Massachusetts. Larry, his wife Linda, and their children, Haley, Ben and Erica have lived in Beverly for over twenty years.
Cost: Members - FREE Non-Members: $49
This program has been approved for 1.0 General Credit Hour.
NEHRA is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP or SHRM-SCP. For more information, visit the SHRM certification website at www.shrmcertification.org.
The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.