Not Another 401k Movie, er, Presentation

Thursday 1:45 – 2:45pm

Session Description

Retirement plans sponsors face asymmetrical risk in providing employees the opportunity to save at work. This session shares pragmatic examples on how to reduce that risk, while also providing ideas to increase your team’s financial wellness – with ample references to popular culture.

Learning Objectives

  1. To provide an understanding of duties under ERISA for HR professionals in a bite-sized format.
  2. To share best practices and corrections for common mistakes related to 401k oversight, specifically plan investments.
  3. Demonstrate how employees’ financial health impacts organizations and why a focus on financial wellness is a fiduciary choice.

Mike Smoots

Mike Smoots is an attorney with Prime Capital Investment Advisors with a focus on retirement plan consulting. He was previously Vice President with a national recordkeeper, where he negotiated agreements with asset managers, reviewing investments for their total cost and revenue sharing—maximizing these payments for retirement plan sponsors. He also reviewed hundreds of retirement plans, ranging in size from $10 million to $20 billion, relative to efficiency, investment selection, profitability, and risk as a member of the finance team. Mike graduated from Kansas State University with a bachelor’s degree and earned his juris doctor from the University of Kansas.