Retirement Plan Fiduciary Update -- Recent Developments, News & Trends, plus Understanding, Documenting & Negotiating Retirement Plan Fees
Detailed Learning Objectives supporting HRCI Body of Knowledge
This session will provide Human Resource Professionals / Retirement Plan Fiduciaries with an update and analysis of recent developments, news and trends
impacting retirement plans. Much has occurred in this area from 2006-2009, and this session will highlight the major issues.
Some of the topics discussed will include: Automatic enrollment in 401(k) plans, Target Date Funds & QDIA’s, new 403(b) regulations
for non-profit employers, recent case-law examples from the courts, basic fiduciary duties, etc.
The session will include a section on "Understanding, Documenting, and Negotiating Retirement Plan Fees". Retirement plan fees have
recently come under intense regulatory, legislative and Plan Sponsor scrutiny (especially during this difficult current economic climate).
Attendees of this session will gain a better understanding of the various types of fees charged by investment managers, advisor consultants,
third party administrators and record keepers for providing retirement plan related services.
This session will arm the Human Resource professional
with the knowledge to address the issue of retirement plan fees for their own company, and to understand what is happening in the greater context
of retirement plan legislation and trends.
About the Speaker
James L. Worrell, JD, PRP
Jamie is an Investment Advisor Representative, Registered Representative and President of GPS Investment Advisors.
In 2007 Jamie was honored by Institutional Investor News as one of only twenty &uot;Rising Stars of Retirement Plan Advisors". He has advised hundreds of
individual investors and Investment Committees in his nearly twenty years as an advisor.
Jamie works with both public and private companies and all
aspects of their Retirement Plans. He and his team at GPS help individuals with retirement planning and investing and help Retirement
Plan Investment Committees draft Investment Policy Statements, select and monitor plan investments, create and implement employee
education strategies, consult on retirement plan design, and guide the vendor selection process.
Jamie is a frequent speaker on retirement plan related topics and has spoken nationally and locally to groups such as the Boston Bar Association,
The Rhode Island Bar Association, The Rhode Island Society of CPA’s, The Center for Due Diligence, and Financial Research Associates.
Prior to founding GPS Jamie was Director of the Retirement Plan Consulting Group for Financial Architects Partners and prior to that
spent seven years with a Boston-based mutual fund company.
Jamie is active in his community as a volunteer, serving on several boards and as a youth soccer and lacrosse coach.
Credentials
• Education: Connecticut College, B.A., Suffolk University Law School, J.D.,
cum laude
• Associations: Profit Sharing 401(k) Council of America, NFP Benefits Partners
• Professional Designations: Accredited Investment Fiduciary (AIF),
PlanSponsor Retirement Professional (PRP), NASD Series 7, 6, 63, 65, 24
• Other: Jamie is fluent in Spanish. His community involvement includes
serving as a Board member and Finance/Investment
Committee member of
Blithewold; Investment Committee member for Neighborhood Health Plan of RI;
and Board member and Finance Committee
member of the Providence
Children’s Museum. Jamie lives in Providence, RI with his wife and three
children. Following his senior year in college,
Jamie played lacrosse in
Australia for the ETP Eagles in Adelaide, South Australia.
Recertification Credits
This presentation has been submitted to the Human Resource Certification Institute (HRCI) for review.
