PLANADVISER - Summer 2023 - 14
Nuts & Bolts
Maximize Plan Committee Meeting Times
EACH PLAN committee meeting that
Ellen Lander leads lasts from one
to two-and-a-half hours. " I'm often
asked, 'How in the world do you get
your clients to sit with you for that
long?' " says Lander, a principal in and
founder of New Renaissance Benefit
Advisors Group LLC in New York City.
" We explain to our clients that ERISA
[Employee Retirement
Income Security
Act] is all about having a process,
and a process is all about governance, "
so a committee should follow
a methodical and organized process
at all meetings, she says. " If you don't
have an established agenda, I don't
know how you get to all the things
you need to consider. "
Here are three strategies for
helping a committee follow an efficient
process:
1) Focus the discussion topics.
Wintrust Wealth Management does a
fiduciary investment review at every
committee meeting and also identifies,
when a year is about to end, specific
additional topics it will discuss at each
of the next year's meetings, says Daniel
Peluse, executive director of Wintrust's
Retirement
Benefits
Advisors
division, in Chicago. An adviser will
subsequently lead discussion of one
or two of these topics-e.g., benefits
trends overall and in that company's
sector-at each meeting.
Peluse is asked what he does at
PLAN COMMITTEE MEETINGS are often the main faceto-face
time that advisers have with their clients and are
crucial times for the committee to use good plan governance
in making its decisions. Thus, it is key for the adviser
to help focus the meeting topics, to initiate effective
discussions about needed plan changes, and to help
the group discuss complex decisions constructively.
14 planadviser.com | Summer 2023 | Awards & Innovation Art by Kiki Ljung
meetings to keep the committee's
discussion on track. " Prior to every
meeting, we send out an agenda, and
we're looking for
feedback if
they
want to add or remove any topics. We
also get the information we're going
to discuss to committee members
ahead of time, so they can get their
questions ready, " he says. " Then, once
we start the meeting, we really drive
home that we want to focus on the
key topics on the agenda. "
http://www.planadviser.com
PLANADVISER - Summer 2023
Table of Contents for the Digital Edition of PLANADVISER - Summer 2023
Leadership in Practice
SECURE 2.0 Insecurities
The Need for NQDC Support
Advisers’ Huge Opportunity
Do 3(38)s Assume More Risk?
Match for Student Debtors
'The Question Stands
PLANADVISER - Summer 2023 - C1
PLANADVISER - Summer 2023 - C2
PLANADVISER - Summer 2023 - 1
PLANADVISER - Summer 2023 - 2
PLANADVISER - Summer 2023 - 3
PLANADVISER - Summer 2023 - 4
PLANADVISER - Summer 2023 - 5
PLANADVISER - Summer 2023 - 6
PLANADVISER - Summer 2023 - 7
PLANADVISER - Summer 2023 - 8
PLANADVISER - Summer 2023 - 9
PLANADVISER - Summer 2023 - 10
PLANADVISER - Summer 2023 - 11
PLANADVISER - Summer 2023 - 12
PLANADVISER - Summer 2023 - 13
PLANADVISER - Summer 2023 - 14
PLANADVISER - Summer 2023 - 15
PLANADVISER - Summer 2023 - Leadership in Practice
PLANADVISER - Summer 2023 - 17
PLANADVISER - Summer 2023 - 18
PLANADVISER - Summer 2023 - 19
PLANADVISER - Summer 2023 - 20
PLANADVISER - Summer 2023 - 21
PLANADVISER - Summer 2023 - 22
PLANADVISER - Summer 2023 - 23
PLANADVISER - Summer 2023 - 24
PLANADVISER - Summer 2023 - 25
PLANADVISER - Summer 2023 - 26
PLANADVISER - Summer 2023 - 27
PLANADVISER - Summer 2023 - SECURE 2.0 Insecurities
PLANADVISER - Summer 2023 - 29
PLANADVISER - Summer 2023 - 30
PLANADVISER - Summer 2023 - 31
PLANADVISER - Summer 2023 - The Need for NQDC Support
PLANADVISER - Summer 2023 - 33
PLANADVISER - Summer 2023 - Advisers’ Huge Opportunity
PLANADVISER - Summer 2023 - Do 3(38)s Assume More Risk?
PLANADVISER - Summer 2023 - Match for Student Debtors
PLANADVISER - Summer 2023 - 37
PLANADVISER - Summer 2023 - 'The Question Stands
PLANADVISER - Summer 2023 - 39
PLANADVISER - Summer 2023 - 40
PLANADVISER - Summer 2023 - C3
PLANADVISER - Summer 2023 - C4
https://www.planadviserdigital.com/planadviser/winter_2023
https://www.planadviserdigital.com/planadviser/fall_2023
https://www.planadviserdigital.com/planadviser/summer_2023
https://www.planadviserdigital.com/planadviser/industryleader_2023
https://www.planadviserdigital.com/planadviser/spring_2023
https://www.planadviserdigital.com/planadviser/november_december_2022
https://www.planadviserdigital.com/planadviser/september_october_2022
https://www.planadviserdigital.com/planadviser/july_august_2022
https://www.planadviserdigital.com/planadviser/may_june_2022
https://www.planadviserdigital.com/planadviser/industry_leader_awards_2022
https://www.planadviserdigital.com/planadviser/march_april_2022
https://www.planadviserdigital.com/planadviser/january_february_2022
https://www.planadviserdigital.com/planadviser/november_december_2021
https://www.planadviserdigital.com/planadviser/september_october_2021
https://www.planadviserdigital.com/planadviser/july_august_2021
https://www.planadviserdigital.com/planadviser/may_june_2021
https://www.planadviserdigital.com/planadviser/march_april_2021
https://www.planadviserdigital.com/planadviser/january_february_2021
https://www.planadviserdigital.com/planadviser/november_december_2020
https://www.planadviserdigital.com/planadviser/september_october_2020
https://www.planadviserdigital.com/planadviser/july_august_2020
https://www.planadviserdigital.com/planadviser/may_june_2020
https://www.planadviserdigital.com/planadviser/march_april_2020
https://www.planadviserdigital.com/planadviser/january_february_2020
https://www.planadviserdigital.com/planadviser/november_december_2019
https://www.planadviserdigital.com/planadviser/september_october_2019
https://www.planadviserdigital.com/planadviser/july_august_2019
https://www.planadviserdigital.com/planadviser/may_june_2019
https://www.planadviserdigital.com/planadviser/march_april_2019
https://www.planadviserdigital.com/planadviser/january_february_2019
https://www.planadviserdigital.com/planadviser/november_december_2018
https://www.planadviserdigital.com/planadviser/september_october_2018
https://www.planadviserdigital.com/planadviser/july_august_2018
https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
https://www.planadviserdigital.com/planadviser/january_february_2018
https://www.planadviserdigital.com/planadviser/november_december_2017
https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
https://www.nxtbookmedia.com