Products June 3, 2008

MassMutual To Host Free Adviser Webcast About Non-profit Market

MassMutual's Retirement Services Division is offering a free WebEx session exclusively for retirement plan advisers to discuss 'Opportunities in the Nonprofit Market.'
Reported by

The WebEx is scheduled for Wednesday (June 4) at 3 p.m. Eastern and will be co-hosted by M. Palmer Whitney, national managing director for non-profit markets for MassMutual’s Retirement Services Division, and Andrea O’Brien, partner, Venable, LLP, a law firm servicing non-profit organizations.

Topics of the one-hour WebEx session will include marketplace trends, non-profit opportunities, regulations, and how advisers can demonstrate to plan sponsors the value of seeking the expertise of a trusted adviser, according to the company.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

“The new 403(b) regulations provide opportunities for retirement plan advisers in the non-profit market, not just for 403(b) but for 401(k) as well,” said Paul Steven Henry, vice president of product development for MassMutual’s Retirement Services Division. “For the first time in over 40 years, the Treasury Department and the Internal Revenue Service (IRS) have updated the rules and regulations for 403(b) plans. These changes place more oversight responsibility on plan sponsors who will, in turn, look to advisers to deliver expertise and guidance.”

Advisers who attend the WebEx will receive a copy of Venable’s materials including Highlights of the Final 403(b) Regulations, What the Changes Mean to Plan Sponsors, and a Compliance Checklist for 403(b) Plan Sponsors. Advisers may use these materials as discussion tools to help plan sponsors navigate the changes prior to their effective date of January 1, 2009, the company says.

Access instructions to the WebEx section is available here.


Deals & People June 3, 2008

SageView Advisory Group Adds Non-Profit Specialist from TIAA-CREF

SageView Advisory Group, an independent retirement and personal wealth management consulting firm, added Brian Cressey to its Irvine office staff.
Reported by

The addition is an effort by the company, an NRP Member Firm, to strengthen its non-profit division in light of changing 403(b) regulations, according to a press release.

Cressey has more than 25 years of experience delivering retirement plan solutions to plan sponsors in the educational, research, governmental, and non-profit sectors.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

In his new role, Cressey will partner with plan fiduciaries to mitigate risk by assisting in the areas of plan design, compliance, employee education, the development of investment policy statements, investment selection, and ongoing investment due diligence. The company says he is well-versed with the Employee Retirement Income Security Act (ERISA) and retirement plan administration, and is knowledgeable of all types of defined contribution plans including profit sharing/401(k), money purchase, 403(b), 457, and non-qualified deferred compensation.

Prior to joining SageView, Cressey was a regional vice president in charge of the middle market institutions in the West for TIAA-CREF, the portable, nationwide defined contribution retirement system for higher education. He also played a key role in the initial establishments of the Washington, D.C., branch office of TIAA-CREF and the Newport Beach branch office, which he managed.


«