Tom Kmak, CEO and Co-Founder, Fiduciary Benchmarks to Speak at KC’s 401(k) Fees: What You Need to Know in 2011 Live Webcast
New York, NY, June 17, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Tom Kmak, CEO and Co-Founder, Fiduciary Benchmarks will speak at the Knowledge Congress’ webcast entitled: “401(k) Fees: What You Need to Know in 2011.” This event is scheduled for August 9, 2011 at 3:00 PM - 5:00 PM ET.
For further details, please visit: http://knowledgecongress.org/event_2011_401k_Fees.html
Event Synopsis:
One of the key issues that will surely be a challenge for plan fiduciaries and participants is the multiple sets of regulations relating to 401(k) fees which were recently released by the Department of Labor. The regulations call for service providers to 401(k) plans to deliver more information about their services and fees to plan fiduciaries. Plan fiduciaries will be expected to review and consider this information in making decisions regarding the reasonableness of 401(k) plan services and fees. In addition, plan fiduciaries must provide new disclosures to participants, who self-direct their accounts, including more information about investment-related expenses as well as administrative and individual expenditures and may be liable if participants incur investment losses and participant disclosure was not complete as required by the new regulations. While the new disclosure regulations are intended to improve the information that plan administrators and participants receive about 401(k) plan fees and expenses, implementation of the new requirements is expected to be complex and costly for plans as well as service providers, and plan fiduciaries may find that interpreting these requirements is difficult and could be confusing.
The Knowledge Group is assembling a panel of distinguished thought leaders, professionals and key regulators to help plan fiduciaries and participants understand issues arising from the new 401(k) fees disclosure rules. The speakers will present their expert opinions in a two-hour Live webcast.
About Tom Kmak
Tom is the CEO and co-founder of Fiduciary Benchmarks. He started JPMorgan Retirement Plan Services business in 1990 with American Century. Upon leaving in October 2007, that business employed 1,100 people serving 200 large plan sponsors with over 1.5 million participants and more than $115 billion in assets. During his 18 years with Retirement Plan Service, the company initiated numerous industry firsts including no blackout conversions and the innovative employee education program, Audience of One. Tom also served on the Executive Committee for JPMorgan’s asset management business.
He also worked for accounting firm Crowe, Chizek & Company from 1982 – 1986 and an associate with William M. Mercer, Inc. in Kansas City from 1988 - 1990 where he was responsible for the overall delivery of defined contribution services to a wide variety of clients. Named by Ingram’s magazine as one of Kansas City’s inaugural “Forty under Forty,” Tom is a recognized expert in the retirement services industry who has been a featured speaker at various conferences and has published articles in some of the most well-known periodicals in the industry.
About Fiduciary Benchmarks
Fiduciary Benchmarks is recognized as one of the industry’s leading services for benchmarking retirement plans. Started in 2007 by several industry experts, the company now has over 1400 of the most respected industry service providers committed to using their service. These professionals represent more than 40,000 plans. The company provides independent, comprehensive and informative benchmarking services through advisors/consultants, record keepers, and other plan service providers.
For more information about Tom Kmak and Fiduciary Benchmarks, please visit www.fiduciarybenchmarks.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.
###
For further details, please visit: http://knowledgecongress.org/event_2011_401k_Fees.html
Event Synopsis:
One of the key issues that will surely be a challenge for plan fiduciaries and participants is the multiple sets of regulations relating to 401(k) fees which were recently released by the Department of Labor. The regulations call for service providers to 401(k) plans to deliver more information about their services and fees to plan fiduciaries. Plan fiduciaries will be expected to review and consider this information in making decisions regarding the reasonableness of 401(k) plan services and fees. In addition, plan fiduciaries must provide new disclosures to participants, who self-direct their accounts, including more information about investment-related expenses as well as administrative and individual expenditures and may be liable if participants incur investment losses and participant disclosure was not complete as required by the new regulations. While the new disclosure regulations are intended to improve the information that plan administrators and participants receive about 401(k) plan fees and expenses, implementation of the new requirements is expected to be complex and costly for plans as well as service providers, and plan fiduciaries may find that interpreting these requirements is difficult and could be confusing.
The Knowledge Group is assembling a panel of distinguished thought leaders, professionals and key regulators to help plan fiduciaries and participants understand issues arising from the new 401(k) fees disclosure rules. The speakers will present their expert opinions in a two-hour Live webcast.
About Tom Kmak
Tom is the CEO and co-founder of Fiduciary Benchmarks. He started JPMorgan Retirement Plan Services business in 1990 with American Century. Upon leaving in October 2007, that business employed 1,100 people serving 200 large plan sponsors with over 1.5 million participants and more than $115 billion in assets. During his 18 years with Retirement Plan Service, the company initiated numerous industry firsts including no blackout conversions and the innovative employee education program, Audience of One. Tom also served on the Executive Committee for JPMorgan’s asset management business.
He also worked for accounting firm Crowe, Chizek & Company from 1982 – 1986 and an associate with William M. Mercer, Inc. in Kansas City from 1988 - 1990 where he was responsible for the overall delivery of defined contribution services to a wide variety of clients. Named by Ingram’s magazine as one of Kansas City’s inaugural “Forty under Forty,” Tom is a recognized expert in the retirement services industry who has been a featured speaker at various conferences and has published articles in some of the most well-known periodicals in the industry.
About Fiduciary Benchmarks
Fiduciary Benchmarks is recognized as one of the industry’s leading services for benchmarking retirement plans. Started in 2007 by several industry experts, the company now has over 1400 of the most respected industry service providers committed to using their service. These professionals represent more than 40,000 plans. The company provides independent, comprehensive and informative benchmarking services through advisors/consultants, record keepers, and other plan service providers.
For more information about Tom Kmak and Fiduciary Benchmarks, please visit www.fiduciarybenchmarks.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
Categories