Webinars

  July 28, 2009 at 02:00PM ET

Target date funds came under heavy fire last week at a joint hearing called by the Securities and Exchange Commission (SEC) and the Department of Labor (DOL).

At issue? Everything from how the funds are named and marketed to how their investment mix changes over time, not to mention performance: some workers slated to retire in 2010 wound up losing up to 42 percent of their savings in this year's financial meltdown.

Target-date funds held an estimated $164 billion at the end of last year - up from $71 billion in 2005, due in large part to the ever-growing number of automatic enrollment plans, which rely heavily on these and other DOL pre-approved qualified default investment alternatives.

With so many funds - and their participants - in the red this year, expect fiduciary oversight of such offerings to kick into high gear in the months and years to come, AND tough questions from your employees.

Join IOMA and our expert faculty on Tuesday, July 28th for an in-depth look at target-date funds: what's right with them, what's wrong with them, and what needs to change.

In just 90 minutes, you will learn:

• Are target-date funds working?
• What is an appropriate glide path for your plan?
• How to avoid significant and realized losses in target-date funds particularly when so many participants are defaulted into them
• Tips for plan sponsors to evaluate target-date funds
• How sponsors can best communicates target-date funds to participants so then understand the risks inherent in them
• And more!

Plus, get answers to your toughest questions in the LIVE Q&A session following the presentation - AND you can invite your entire team for one low price.

Register today for just $275 - IOMA subscribers pay just $245. Unable to attend? Order the CD now!

FEATURED FACULTY:

Joe Nagengast, Principal

Target Date Analytics LLC

Mr. Nagengast is a principal of Target Date Analytics where he directs and co-authors, "Popping the Hood", a recurring and comprehensive analysis of target date fund families. He also serves as a senior consultant to MJM401k, an independent SEC registered investment advisor and pension consulting firm, serving exclusively as a trusted advisor to 401(k) plan sponsors and their committees. He was previously president of Turnstone Advisory Group LLC, a firm which was merged with Target date Analytics and MJM401K. For over twenty years, Mr. Nagengast has consulted clients on issues of institutional investing, fiduciary compliance, and retirement plans and policies. He is a Certified Employee Benefits Specialist, a past president of the Los Angeles chapter of ISCEBS, and a member of the Western Pension & Benefits Conference. He is widely quoted in investment publications and is a regular speaker and writer on topics related to retirement plans and institutional investments.

Michael J. Malone, Founder and President

MJM401k

Mr. Malone is the founder and managing director of MJM410k. Prior to MJM401k, Mr. Malone served as a director and retirement plan consultant with both a regional and a national consulting and advisory firm. Mr. Malone was a founder and the managing principal of Mathews, Malone & Associates, a leading pension and 401(k) consulting and actuarial and administrative firm, which was subsequently acquired in the last 1990s. He is a Certified Pension Consultant (CPC) with the American Society of Pension Professionals & Actuaries, and is an Accredited Investment Fiduciary analyst (AIFA). He is a past president and an immediate past board member of the Western Pension & Benefits Conference, as well as a member of carious other employee benefits professional groups, including the Arizona Employee Benefits Forum, and previous memberships in World-at-Work and the New England Employee Benefits Committee.