Meet Stephen McCourt, Managing Principal and Co-Chief Executive Officer or Meketa Investment Group

Meet Stephen McCourt, who is a Managing Principal and Co-Chief Executive Officer of Meketa Investment Group. Steve serves as the lead consultant for several institutional, public, Taft-Hartley, endowment, and non-profit funds.   

This episode is packed with a lot of essential thoughts as we all navigate the economic and business disruption caused by the COVID-19 pandemic.

Some of the highlights are:

  • How Multi-Employer plan trustees are handling yet another economic crisis.
  • Steve’s insights on how this disruption is shifting the execution of Multi-Employer plans meetings and reporting.
  • The adoption and future reliance on technology solutions for all fund business.
  • The likely shift in the way Multi-Employer plans will be conducting the funds business going forward.  
  • And much more!

Meet Jason Russell, Senior Vice President Segal Consulting

Meet Jason Russell, who is a senior vice president and actuary with Segal and works with multi-employer pension plans across the country. Jason deals with a wide range of benefit plans, both healthy and distressed, in various industries.

Our conversation is about the immediate need to reform Defined Benefit Plan regulations. Jason explains the various proposals that could provide much-needed aid to sustain multi-employer plans. Not surprisingly, the economic impact of the coronavirus pandemic has heightened the need to include these plans in one of the proposed stimulus packages.  

Before the economic crisis caused by the coronavirus pandemic, there was 130 plan in critical-declining status with another 200 in critical condition. Jason explains the potential macroeconomic impact due to the strain on social safety nets in America if too many of these plans go insolvent. For additional information on the macroeconomic impact visit:

NCCMP: Cost of doing nothing

https://nccmp.org/wp-content/uploads/2018/05/Multiemployer-Pension-Crisis-The-Cost-of-Congress-Doing-Nothing-Updated-March-7-2019.pdf

Central States economic impact

https://www.voicesforpensionsecurity.com/economic-impact

Meet Ron Surz, President of Target Date Solutions

Is it right just because everybody is doing it?  How much is too much?

Ron Surz, President of Target Date Solutions, has a long and distinguished career in institutional investment management and consulting. We asked Ron to participate in the Multi-Employer Benefit Fund Podcast to share his unique perspective on target date funds and the glide paths that various firms are using today.  Ron’s research suggests that the amount of risk these portfolios are exposed to around the time participants are retiring (both before and after) should be of great concern to plan sponsors and participants.  He provides compelling information to support his assertion and we think it deserves attention and discussion among trustees and their advisors.

You can also gain valuable insights and education about target date funds through the resources listed below.
Articles are available at:
https://targetdatesolutions.com/fiduciary-corner.html includes Ron’s Metamorphosis book
https://targetdatesolutions.com/AgeSageHome.php https://info.glidepathwm.com/blog

Articles on investment manager due diligence are available at:
http://ppca-inc.com/WhitePapers/white_papers.htm

Books:
An Understanding & Selecting TDFs is available on request from me Ron@TargetDateSolutions.com or on Amazon at https://www.amazon.com/Fiduciary-Handbook-Understanding-Selecting-Target/dp/1633180115/ref=sr_1_1?keywords=surz&qid=1569251675&s=books&sr=1-1

Metamorphosis book is also available on Amazon at https://www.amazon.com/Remarkable-Metamorphosis-Target-Date-Funds/dp/6202314788/ref=sr_1_5?keywords=surz&qid=1569251821&s=books&sr=1-5

Meet Douglas Dority, President of America’s Agenda and former International President of United Food & Commercial Workers Union

As the former International President of United Food & Commercial Workers Union, Doug Dority represented 1.3 million members in the U.S. and Canada.  

As President of America’s Agenda, Doug brings together labor unions, businesses, healthcare providers and policymakers who share a commitment to advance the mission of affordable, high quality, and accessible healthcare for all American’s.  

Join Traci Dority-Shanklin and Tom Shanklin as they explore with Doug Dority the current healthcare crisis – the challenges to solving and/or evolving the system and the cost to employers and their employees.