Ep. 2: It Sings, But Will it Sail? The Birth of the 401(k)
An in-depth look at the 401(k), with Ted Benna, father of the 401(k), and Richard Stanger, author of the insert to the US tax code that changed retirement.
Ep. 3: Grading America's Retirement System
Listen on: Apple - Spotify - Stitcher - Google - TuneIn
PGIM does not establish or operate pension plans.
The success of the creation and implementation of the employer based 401(k) and other defined contribution retirement plans is seen not only in its exponential growth in all measurable metrics but also in the fact that it has succeeded in helping millions of Americans retire well. That said, the system, as it’s designed and operating today, is far from perfect, stranding some without access to the tools of a comfortable retirement and discouraging attempts at innovation.
In this episode, host Josh Cohen asks respected industry leaders to grade the system on four crucial factors of success: Access, Adequacy, Alignment, and Innovation.
Featured Guests:
- Lori Lucas, President & CEO of the Employee Benefit Research Institute
- Lew Minsky, President & CEO of the Defined Contribution Institutional Investment Association
Defined Contribution Institute - Retirement Income Symposium 2021
Host Josh Cohen and Lori Lucas, the President & CEO of the Employee Benefit Research Institute (EBRI), attended the 2021 DCI Retirement Income Symposium. Lori, a featured guest on Ep. 3, joined Josh to discuss the evolution of the employer-based system, what’s working, and areas of improvement.
Earn CFA Learning Credits When You Listen to the Podcast
Through our commitment to professional learning, we partnered with the CFA Institute to allow its members the ability to self-determine and self-report professional learning credits earned by engaging with PGIM materials. To document credits in your professional learning tracker, click here.
You May Also Like
Ep.1.2: The Long Road to Pension Reform
Hear an incredible account of policy reform, a journey that has spanned presidents, Watergate, and finally, a signing that led to the modern retirement system.
Ep.1.1: Unions, Corruption, and the Studebaker Collapse
Learn about one of the key events in the history of retirement savings and the story behind how employers became responsible for workers’ retirement plans.