Upcoming Events

Central Ohio ISCEBS Presents:

Health Care Ate My 401(k) Contributions

December 5, 2019

Please join the Columbus Chapter of ISCEBS for our December program "Health Care Ate My 401(k) Contributions" on Thursday, December 5.  
 
 
 
Employer healthcare costs average $19,616 per employee and increase 6.9% per year consuming an ever increasing portion of employer’s wage & benefit spend. This continuing shift of resources to medical & Rx benefits reduces employers’ ability to allocate more dollars to 401(k)/HSA contributions for retirement readiness. An aging workforce is marginally more expensive than a younger workforce due to work related illnesses and chronic disease conditions prevalent in age 65+ Americans placing greater importance in off-boarding employees on time. Employees are contributing an ever greater percentage of their incomes to healthcare related expenses (premiums, deductibles, co-insurance) which combined with other household expenses, e.g., student loans, credit card debt, mortgage, etc., limits retirement funding at appropriate levels to choose their day and to mitigate the aging workforce syndrome (AWS).
 
 
 
This session highlights one employer's approach to aligning its benefit and organizational strategy using data & analytics for sight-lines to isolate root cause cost drivers & to personalize benefits for employees for maximum impact to employees and to shareholders. The significance healthcare plays in the adequate funding of retirement plans is overlooked. Savvy employers, using diagnostic tools, can measure the impact rising wages & benefits has on the organization & its workforce when employees become financially imprisoned and not able to choose their day.
 
 
 
Takeaways/Learning Outcome 1:
 
The economics of a healthy workplace and how workplace wellness is a “win-win” strategy, improving both employees’ health and employers’ bottom line.
 
 
 
Takeaways/Learning Outcome 2:
 
Using data, analytics and insights, segmentation of employee demographics can bright line solutions that optimize retirement readiness to the unique needs of employees based upon their age, family status, income, etc. vs. a “one size fits all” approach.
 
 
 
Takeaways/Learning Outcome 3:
 
Once quantified, prescriptive solutions can be initiated to impact key cost drivers to employer wage & benefit spend to maximize employee retirement readiness and shareholder return.
 
 
 
Speakers:
 
     • Rocke Blair, CEBS, Managing Partner, Fiduciary Analytics, LLC
 
     • Peggy West, CEBS, Director of Benefits and Compensation, Formica Corporation

DATE:
Thursday, December 5, 2019
 
TIME:
8:00 - 8:30 am - Registration and Networking – Breakfast Provided
8:30 - 10:00 am - Program
 
LOCATION:
Designer Brands
810 DSW Drive
Columbus, OH 43219
 
COST:
FREE for 2019/2020 Central Ohio Chapter Members
$10 for non-members/guests
 
 
REGISTRATION:
Click here to register.

This program qualifies for 1.5 CEBS Compliance credits.

Visit www.cebs.org/compliance for more information.


SPEAKERS:

 
Rocke D. Blair, CEBS
 
Managing Director
 
HUB International Institutional Retirement
 
 
 
Mr. Blair is managing director of HUB International Institutional Retirement and was previously a practice leader in the Midwest for White Oak Advisors. He is responsible for consulting on all aspects of client plans, including compliance, investments, fiduciary management, plan design, analytical benchmarking and provider negotiations. Mr. Blair’s specialty is the consolidation of multiple plans onto a single recordkeeping platform to optimize plan sponsor resources, plan efficiencies and reporting while improving the retirement outcome for plan participants and effectiveness for plan sponsors. Previously, he served as regional vice president for Transamerica Retirement Solutions/Diversified. Mr. Blair is a member of The American Society of Pension Professionals & Actuaries, founding member of the Cincinnati Retirement Professionals Association and frequent speaker on “Mitigating the Emerging Liabilities From an Aging  Workforce” at regional plan sponsor conferences and webinars. In addition to the Certified Employee Benefit Specialist designation, he holds an M.B.A. degree from Capital University in Columbus, Ohio; a B.A. degree in chemistry and a degree in business from Indiana University; and the Certified Behavioral Finance Analyst designation from the Allianz Global Institute of Behavioral Finance. He is a past president of the Cincinnati/Dayton Chapter of ISCEBS.

 

Margaret (Peggy) West, CEBS
 
ISCEBS-Fellow, CEBS Compliant
 
Director of Compensation and Benefits Formica Corporation
 
 
 
Ms. West is the director of compensation and benefits at Formica Corporation, with particular expertise in benefits administration, design and management, including qualified retirement plans, pension plans, nonqualified deferred compensation, health and welfare programs, statutory benefits, human resource information systems, talent management, deferred compensation, communication and new hire orientations. She holds the CEBS designation, is CEBS Compliant and a Fellow of ISCEBS. Ms. West earned a Bachelor of Arts degree focused in public administration from Miami University and serves on the board of the Cincinnati/Dayton chapter of ISCEBS.