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The Accidental Plan Sponsor®

Education Podcasts

Most retirement benefits for American workers are built up through workplace savings plans where employers play a pivotal administrative and legal role as the plan sponsor. The Accidental Plan Sponsor®, hosted by Josh Cohen, Head of Client Solutions for PGIM DC Solutions, explores the origins, evolution and trends within the employer-based retirement system and examines other ways, both domestically and globally, that benefits can be delivered.

Most retirement benefits for American workers are built up through workplace savings plans where employers play a pivotal administrative and legal role as the plan sponsor. The Accidental Plan Sponsor®, hosted by Josh Cohen, Head of Client Solutions for PGIM DC Solutions, explores the origins, evolution and trends within the employer-based retirement system and examines other ways, both domestically and globally, that benefits can be delivered.

Location:

United States

Description:

Most retirement benefits for American workers are built up through workplace savings plans where employers play a pivotal administrative and legal role as the plan sponsor. The Accidental Plan Sponsor®, hosted by Josh Cohen, Head of Client Solutions for PGIM DC Solutions, explores the origins, evolution and trends within the employer-based retirement system and examines other ways, both domestically and globally, that benefits can be delivered.

Language:

English


Episodes

Bonus: Josh’s Key Takeaways: Non-US Retirement Systems

7/19/2022
In the first half of season 2, Josh traveled the globe to hear from local experts about how their countries tackled the challenge of building a retirement system. Listen to Josh’s reflections on lessons learned and common themes.

Duration:00:11:47

Bonus: Global Episodes Recap with John Mitchem

6/15/2022
John Mitchem, global financial consultant and retirement expert, joins Josh to discuss episodes from the first half of season 2 while weaving in his experiences and expertise.

Duration:00:16:46

Season 2 Episode 4: Singapore’s All-in-One System

5/11/2022
Most retirement systems across the globe have three pillars: a government run social security system, an employment-based retirement system, and, finally, additional individual retirement savings. On the fourth stop of our global tour, we travel to a country where the government runs the whole thing…Singapore! Their comprehensive system goes beyond retirement and is run by the government through the Central Provident Fund (CPF). In this episode, Josh Cohen interviews Desmond Chew, a senior...

Duration:00:35:36

Season 2 Episode 3: Building A Nest In The UK

4/19/2022
Often retirement policies in a country are a result of a patchwork of initiatives over time. Wouldn’t it be nice if a country could take more of a blank slate approach? In this episode, Josh Cohen interviews Helen Dean, CEO of the National Employees Savings Trust, or NEST, which is the largest pension scheme in the United Kingdom based on the number of members. Helen has played a central role over the last two decades in government, and now at NEST, developing and implementing a new...

Duration:00:32:14

Season 2 Episode 2: The Down Under Edition

4/5/2022
Here’s what you need to know about Australia’s Retirement System: It’s really big. It’s government mandated. It’s privately run. It’s really sophisticated. Still curious? Host Josh Cohen’s two guests have played meaningful roles in the system’s development from the highest levels of government and industry. The Honorable Nick Sherry started one of the first modern Superannuation Funds in Australia and then went to be the leading minister in the government overseeing the industry. Ian Silk...

Duration:00:36:17

Season 2 Episode 1: The Chicago Boys and the Chilean Model

3/22/2022
Our tour around the globe starts in South America. Chile has been seen in retirement circles as an early pioneer in reforming their retirement system in the late 1970’s. While studied and admired by many, there are many more layers to the story when viewed from historical and current events. Host Josh Cohen talks to two individuals who have played a meaningful role in shaping the system. University of Chicago educated Martin Costabal led efforts in the Chilean government to implement the...

Duration:00:42:24

Season 2 Trailer

3/9/2022
Season 2 is almost here! We will be taking this podcast global, learning the unique challenges, historical events, and creative solutions developed to meet the ever-evolving challenges associated with retirement systems.

Duration:00:02:25

Bonus: Season in Review with Mike Barry

12/15/2021
Mike Barry, Josh’s long-time friend and retirement policy expert, returns to discuss episodes from the 2 half of season 1 while weaving in related experiences and expertise.

Duration:00:15:04

Bonus: Let’s Hear More from Don Ezra

11/10/2021
Hear outtakes from Don Ezra (guest from Ep. 8), who shares tales about the opportunity that followed the collapse of the Soviet Union, his collaboration with Nobel Prize winner Bill Sharpe and his present day activities.

Duration:00:12:22

Bonus: Meet PGIM's New DC Solutions Team

10/13/2021
Josh invites colleagues David Blanchett and Mikaylee O'Connor of the recently established PGIM DC Solutions team to discuss their background, DC plan innovation, and the role of employers in the retirement space.

Duration:00:13:15

Bonus: Brigitte Mardian, The Early Days and Now

9/8/2021
In this bonus episode, Brigitte Mardian (guest from Ep. 5) shares stories about her early work, her current research into rainy day savings accounts, and how she earned her current role as Dean of the Brigham Young University Marriott School of Business.

Duration:00:11:41

Episode 8 - In Consultants We Trust

8/11/2021
As retirement plans change and evolve, consultants have become trusted guides for accidental plan sponsors. Episode guests Don Ezra and Rich Nuzum have stood at the highest perch in the world of consultants. Don’s decades at Russell and Rich’s current role in leadership at Mercer span the dawn of the retirement investing consultancy to the present day, where trillions of dollars are invested in defined contribution plans. They’ve spent the majority of their professional careers helping...

Duration:00:39:02

Episode 7 - Lawyering Up: The Impact of Class Action Lawsuits on the Retirement System

7/28/2021
Jerry Schlichter and Jamie Fleckner have some things in common. They both got into law through political activism, and they’ve built their careers on ERISA litigation. But where they differ is largely about who their clients are. One represents plan sponsors and their providers, the other represents employees who feel they have been wronged, and their legal battles have shaped how the defined contribution retirement space thinks about innovation. In this episode, we sit down with each to try...

Duration:00:42:27

Episode 6 - Carrots & Sticks: The Impact of Regulations on the Retirement System

7/13/2021
While saving for retirement has been simplified and streamlined in recent decades, with tools like auto-enrollment and target date funds, the retirement savings ecosystem is anything but simple. It’s a complex confluence of innovators, service providers, employers, workers, consultants, lawyers, and, yes, government officials. Regulators play a huge role in our industry, so understanding who they are and how they work is an important factor in the outcomes for plan sponsors and plan...

Duration:00:40:10

Episode 5 - How Target Date Funds and Behavioral Economics Shaped Retirement Plans

6/29/2021
The future of defined contribution retirement savings will always be marked by two key concepts: putting individual investors first when designing plans, and constantly innovating. Over the course of the next four episodes, we’re going to discuss how regulation, litigation, and the role of consultants both support and deter innovation. We’re going to start with two featured guests who laid the foundation for the modern 401(k): • Brigitte Madrian, who pioneered behavioral economics work on...

Duration:00:31:56

Bonus: Episodes Recap With Mike Barry

6/11/2021
Josh reviews the first four full-length episodes of the podcast with long-time friend Mike Barry, President of O3 Plan Advisory Services LLC, who offers his thoughts while also sharing some personal experiences from 40+ years’ in the benefits field.

Duration:00:14:09

Bonus: Insights From PGIM Colleagues

6/2/2021
Josh engages in an energetic discussion with two colleagues and long-time Defined Contribution (DC) experts David Skinner and Sara Shean from PGIM Real Estate. The discussion covers the evolving DC environment, the challenges facing plan sponsors, and the role of real estate in DC.

Duration:00:13:07

Bonus: Ted Reminisces About The Early Days of DC

5/19/2021
In this bonus episode, Ted Benna, who is often dubbed the father of the 401(k) and who was a guest from episode 2, reminisces about the early days of DC plans. Stories he shares includes a memorable exchange with a future vice presidential nominee about retirement savings, how plans were built and communicated in those days, and blowback he received from some in the industry.

Duration:00:07:28

Bonus: Frank Shares Moments from His Time on Capitol Hill

5/5/2021
In this bonus episode, Frank Cummings (Guest from Ep.1) shares some key moments from his time on Capitol Hill working closely with the late Senator Jacob Javits. Here, Frank describes how he convinced Senator Javits to push for equal access for women in some crucial areas. He also shared a humorous story about former President Lyndon Johnson following the signing of ERISA.

Duration:00:13:35

Episode 4 - Innovation Is Not Easy

4/6/2021
If innovating was easy, we would all be Steve Jobs. But it’s not. It disrupts lives, it forces us out of comfort zones, and it requires both inspired vision and a lot of work. No wonder we prize the innovators amongst us. In this episode, we talk with two plan sponsors who embraced innovation in the defined contribution space, Stuart Odell, formerly of Intel, and Bob Hunkeler from International Paper Company. We discuss their work, the challenges they faced, and how they view the future of...

Duration:00:31:48