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401(k) Plan Design Made to Fit
Guest: Marc Howell
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If you feel like you are spending the “right amount of money” in your retirement plan but not getting the results you expect in either recruiting, retention or employee retirement outcomes, spending more money to get better results doesn’t have to be the answer. According to my guest, Marc Howell without increasing costs, you could improve all three of those metrics by breaking away from a traditional retirement plan design and moving towards plan design customization.
Guest Bio
Marc Howell, FSA, EA, Vice President – Custom Retirement Solutions at Prudential Financial, has over 17 years of experience working with sponsors of defined benefit and defined contribution plans. He leads a team of actuarial consultants tasked with providing custom design solutions within the defined contribution market, aiming to deliver better benefits for employees while driving improved bottom line results for employers.
He has redesigned retirement programs for numerous plan sponsors including both union and non-union workforces. Marc has partnered with these organizations to create new pension, executive, and defined contribution plans. His retirement programs are in place with organizations across the U.S., ranging from manufacturing, healthcare, utilities, higher education, and professional services organizations. Marc’s innovative approach to plan redesign won his clients 1st place in the PSCA Signature Awards, for both 2013 and 2015, in the following categories: 2013 – Plan Administrative and Design Changes and 2015 - Fiduciary and Plan Decision Resources
Marc was a Joseph Wharton Scholar at the University of Pennsylvania's Wharton School of Business, where he graduated with a B.S. in economics. He is a Fellow in the Society of Actuaries, a Member of the American Academy of Actuaries, and an enrolled actuary.
Prudential Disclosures
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Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company.
These materials are not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services and should not be used as the basis for any investment decision. Past performance is not a guarantee or a reliable indicator of future results.
Lockton Disclosures
Securities offered through Lockton Financial Advisors, LLC a registered broker-dealer, member FINRA, SIPC. Investment advisory services offered through Lockton Investment Advisors, LLC, a federally registered investment adviser. For California, Lockton Financial Advisors, LLC, d.b.a. Lockton Insurance Services, LLC, license number 0G13569. The Business Continuity Plan for Lockton Financial Advisors, LLC, may be found here. Not all members affiliated with Lockton offer securities or investment advisory services. Lockton Insurance Agency, Inc. is the parent company of LFA and LIA.