The Story of How Employers Became Retirement Plan Sponsors
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.
Joined by leading DC experts from around the world, including plan sponsors, consultants, regulators, lawyers and academia, Cohen looks at the challenges, as well as the benefits, of delivering retirement solutions through the workplace. The Accidental Plan Sponsor® will also examine other ways, both domestically and globally, that benefits can be delivered.
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.
In this bonus episode, Brigitte Madrian (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.
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.
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.
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.