Many academic and nonprofit retirement plans still have individual annuity contracts (IACs), such as TIAA Traditional and similar options with Lincoln Financial, VOYA, VALIC and Mutual of America.
IACs are outdated and don’t meet today’s fiduciary standards or employee needs, so many employers are moving to open architecture investment platforms with enhanced services.
This webinar will help you identify IACs within your current plan, their limitations, and solutions that are available to upgrade your plan.
You will learn how to attain:
- A more current, competitive and compliant plan
- Greater fiduciary protection
- A substantially wider range of investment options
- Improved service
- Enhanced plan education, including individual investment guidance for plan participants
Chris Schaefer, CFP®, CPA/PFS, heads the Retirement Plan Practice at MV Financial, overseeing all aspects of the practice and its plans, including plan design, investment strategy, plan administration and interface with service providers, participant education and individual investment advisory services for plan participants. His practice has a special focus on working with TIAA 403(b) retirement plans. Chris regularly provides webinars on a variety of retirement plan topics for nonprofit and corporate entities and has been quoted on retirement and investment topics in US News & World Report, NBCNews.com, CNBC.com, TheStreet.com, Plan Adviser, and Fiduciary News. His OpEd article, Upgrading Individual Annuity Contract Plans for Today’s Changing Needs, was published in BenefitsPro (August 2018). Chris is also a Senior Advisor with his own private wealth management practice.
Joe Potosky, CLU, ChFC, heads MV Financial’s Employee Benefits Practice, with over 25 years of expertise in the construction and management of employer-sponsored group benefit plans. He is expert in helping employers optimize their defined contribution and health/welfare benefit plans. Joe is sought after for his insights on employee benefit issues, including retirement and health care reform.