Wait What Have You Done? Transitions in Retirement Benefits
HR Director, Haag Engineering Co.
Senior Investment Consultant, Lowery Asset Consulting, LLC
No benefit plan transition is smooth! Change is Inevitable. When retirement plan committees decide to make a change in the retirement plan, the management of the transition; whether record keeper, replacement of an investment option, or something else in the plan, determines the overall success of the change. Listen to 2 seasoned benefits professionals discuss a 2015 actual transition to a new record keeper and investment lineup. How did the process and major decisions take place and how were the changes communicated to the involved parties? Your knowledge of the potential pitfalls and strategies may assist your next benefit plan transition.