FiduciaryFirst Leaders Preach ERISA Best Practices
FiduciaryFirst's Don M. Faller and Jamie A. Hayes
Preach ERISA Best Practices To Public Florida Pension Professionals (FPPTA).
- Orlando, FL (1888PressRelease) March 18, 2014 - Many local Florida governments have extraordinary challenges with their retirement plans and FiduciaryFirst preached best practices to Florida's hundreds of plan fiduciaries in a statewide meeting. Don M. Faller, CFP, C(k)P, Managing Partner and Jamie A Hayes, AIF, C(k)P Partner of FiduciaryFirst were invited to speak to top pension professionals during the Florida Public Pension Trustees Association (FPPTA) Trustees School. As professionals on the financial operation of retirement benefit programs, Mr. Faller and Ms. Hayes shared Pension Plan Best Practices with the school's attendees, addressing the specific fiduciary responsibilities of Florida's pension plan sponsors.
Held in Jacksonville on February 2nd and 3rd, the FPPTA brought in select industry leaders to provide continuing education to its members. This semi-annual event carries on the FPPTA's mission of striving to protect Defined Benefit Pension Plans and to provide education and information for the public pension system.
" There are 492 Local Government Defined Benefit Pension Plans in Florida, approximately $24 billion in plan assets, but liabilities equal nearly $30 billion" said Faller. He continued, "300 plans (61%) are funded at or below 80%. We work with governments who are struggling with meeting all of their fiduciary obligations, are worried that their costs or investment options are not as competitive and want to implement internal best practices and a plan for success. We are privileged to share our insight with the state's top professionals who share a passion for striving to protect public pension plans"
As leaders in the Retirement Plan industry, FiduciaryFirst has implemented The Participant EffectTM to promote state of the art plan design through Behavioral Finance and a NEW approach that includes Financial Wellness. The Participant EffectTM seeks to drive success stories, including reduced healthcare costs for the employer and a higher probability of a more confident retirement for employees. For more information, please visit www.fiduciaryfirst.com.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC.
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