March Lunch Meeting: Panel Discussion
Retirement Plan Overview
Laura Thai of Principal Financial Group, Wes Rommerskirchen of Benefits Plans Plus,
Brian Schlereth of Paycor and Michael Stagoski of Edward Jones.
The 401(k) Plans seminar will help MGMA Leadership teams better understand the various characteristics of Retirement Plans, explore the benefits of frequently evaluating their Plan and discuss the Compliance and recent Legislative issues effecting 401(k) Plans.
As fewer organizations offer Pension programs (or a Defined Benefit Plan), it is incumbent upon the employee to take more responsibility to adequately plan and save for their retirement. Frequently, employers offer Defined Contribution Plans. But there are various types of plans, and there are Compliance considerations that Medical Group leadership teams need to take into consideration. Additionally, how do organizations know if their plan is "Successful" or "Optimized." This seminar with discuss these issues, as well as, explore the benefits to both employee and employer of offering a Retirement Plan.
- Discuss & Understand 401(k) Plans: Basic characteristics, How Retirement Plans benefit both Employees/Employers
- Discuss & Understand various Plan Designs and Identify if your plan is "Successful": Eligibility, Contributions, Withdrawals & Distributions, Safe Harbor Plans
- Discuss & Understand Compliance & Legislative Changes (SECURE ACT Jan 2020) effecting 401(k) Plans
About the Speakers
Mike Stagoski is a Financial Advisor with Edward Jones. Prior to his career there, he spent 20 years in various aspects of the healthcare industry: pediatric & adolescent mental health, head & neck reconstructive medical devices and physician recruiting services. He feels a strong connection to the medical community.
In his current role, Mike collaborates with partners in the financial industry in order to develop retirement benefit plans that create the opportunity to optimize employee participation, education and goal attainment. His professional partners include: Plan Administrators, Third Party Administrators and Payroll Service Representatives.
Laura Thai is the Director for Retirement Solutions with Principal Financial Group in St. Louis. She holds the Chartered Retirement Planning Counselor (CRPC) designation, has been in the financial services industry for the last 16 years and celebrated her 7th anniversary with Principal in December.
She is a St. Louis native, and a graduate of Lindbergh High School and St. Louis University’s John Cook School of Business. At Principal, Laura works closely with St. Louis financial advisors and local businesses to deliver results-oriented retirement plan solutions like 401(k)s, 403(b)s, and 457 plans.
Wes Rommerskirchen serves as a Principal at Benefit Plans Plus, LLC and brings more than 18 years of retirement plan industry experience. He is responsible for cultivating regional business opportunities by helping financial advisors and business owners impact their bottom line through innovative plan designs and strategies across Missouri, Southern Illinois, Kansas, Western Kentucky, and Northern Arkansas. Additionally, he serves as Dean over the firm’s ongoing education initiatives, and specializes in leveraging LinkedIn to grow professional networks and build effective brands.
Wes holds the Accredited Retirement Plan Consultant (ARPC) granted by the Society of Professional Asset-Managers and Record Keepers (SPARK) and the Chartered Retirement Plan Specialist (CRPS) designation through the College for Financial Planning. He also served in the U.S. Navy for 6 years, including service aboard a fast-attack submarine in the nuclear power field.
Brian Schlereth is a Major Market Sales Executive at Paycor, a comprehensive Human Capital Management organization that partners with companies to help cut costs, mitigate risk, engage employees and be more strategic with business initiatives. Paycor is able to do so by offering a single platform solution that centralizes Recruiting, On-boarding, HR, Training, Time Tracking/Scheduling, Payroll and Reporting, allowing companies to simplify their business processes and ensure compliance.
Regarding Live Meetings and the Coronavirus (COVID-19):
Given all the recent news about the Coronavirus, it is natural to ask whether these events will be cancelled, or if they’re going ahead as planned. At this time, Greater St. Louis MGMA live meetings will continue as scheduled. We will continue to watch developments, particularly guidance from the Centers for Disease Control (CDC), and adjust course as needed—but for now, we’re planning to keep on keepin’ on.
We hope to welcome you in person, and in a hygienically prudent manner, tomorrow at the March Lunch Meeting. Please note there may be a few last minute changes in the panelists, but the event is still definitely on! Hand sanitizer will be available on-site, and if you do not receive a handshake from your colleague - just know it is nothing personal. We will see you all tomorrow!
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