(Much) More Than 401(k)s?

We’ve gotten more than 6,000 votes to date on proposed topics for the 2024 NAPA 401(k) Summit—in three major categories. And there’s been a LOT of jostling in the rankings!

Lest you forget—the 2024 NAPA 401(k) Summit will be held April 7-9 in Nashville, Tennessee. You’ll definitely want to mark your calendars for this one! As for the agenda for that Summit—well, now that starts with YOU—you help set the framework for the NAPA 401(k) Summit agenda—by voting on the topic(s) you’d most like to be on that agenda!

With (just) one week in the books, and some 400 votes, the top topics in the Business Building category are:

1. (Much) More Than 401(k)           
2. How to Win a Plan with No (Current) Advisor      
3. Advisor Technology—What Is Needed Most for Efficiency and Margin Expansion
4. What the IRS and DOL Continue to Target with Your Clients' Plans
5. What Is Plan Governance and Why Is It Important             
6. Lessons Learned from Litigation
7. What Do Plan Sponsors Really Want?      
8. Building a Better RFP      
9. Philosophical Differences: What Does Plan Design Say About an Employer's Benefit Philosophy?
10. How to Mitigate Your Risk of Target Date "Performance" Lawsuits              

You can still weigh in with your insights at: http://www.allourideas.org/BizBuild

Team Building

In its second week of “competition,” the team building category doubled its week #1 votes (to more than 600), and the Top 10 prospective topics now are:

1. How to Build—and Keep—a Quality Multi-Faceted Team (soaring from #6 a week ago)
2. Team Building, Team Binding (down from #1)
3. What's Missing from Your Team's Playbook (up from #5)
4. Just Wait a Minute—Setting Expectations for Newer Team Members (new to the top 10!)
5. Team Work (Really Does) Make the Dream Work (up from #7)
6. Divide and Conquer—Building a Better Team Focus (down from #3)
7. Optimal Incentive and Compensation Structures Tied to Both Sales and Service Success (Growing and Protecting Revenue—Everyone Has a Role!) (down from #4)
8. How to Create an Environment Where Everyone Has a Voice (holding at #8)
9. Generations Apart—Together at Work (holding at #9)
10. Balancing Demands for Work-Life Balance (plummeting from #2 a week ago)

You can (still) vote for the one(s) you find most interesting at: http://www.allourideas.org/2024Teambld

Products

We’ve just closed out the second week of voting on topics in the “Products” category, and with (now) more than 800 votes—the Top 10 topics (now) are:

1. Medicare—the Elephant in the Room of Retirement Planning (surging up from #8 a week ago)
2. The Rollover—How do we reconcile the fact that everyone wants them and how will the industry work together in some fashion to accomplish (slipping from #1)
3. Retirement Income Solutions—How to Compare (up from #4)
4. Managed Accounts—Just an Expensive Target-Date Fund? (down from #3)
5. Rollover Realities (bouncing back from #6, after slumping from #1 in the first week)
6. AI U & Me: What Will AI Replace or Enhance? Will You Be Able to Adapt? (down from #2)
7. Retirement Income Developments—Everything from how to determine if retirement income should be added to a plan, selection and monitoring (down from #5)
8. In-Plan Spenddown Solutions (new to the top 10!)
9. Incorporating Financial Wellness into the QDIA -> Managed Accounts Provide Both (new to the top 10!)
10. Stable Value vs. Money Market (down from #9)          

It’s not too late to weigh in—to vote on potential topics, or to add one/some of your own. You can do so at: http://www.allourideas.org/2024SummitProd

Practices Management

It’s been “out there” for a full month now—but it’s been the dominant vote getter, regardless. With nearly 5,500 votes—the new Top 10 contenders are:

1. Executive Benefits, Nonqualified Plans, and Deferred Compensation Strategies (holding steady at #1!)
2. Retirement Industry of 2030 (up from #3, after falling from #1 the week before)
3. What Are the Daily Habits and Behaviors of the Most Successful Advisers? (up from #4)
4. How Are Advisors Handling Fiduciary Duties and Management of Details for Their 401(K) Clients? (up from #5)
5. Discussing with different level of advisors (large market, mid-market, small market) and what service model they set up for their base of clients (up from #7)
6. How to Be on the Right Side of Recordkeeper Consolidation Trends (slumping from #2)
7. Earning Your “Keep”: Value Added Services to Avoid Sticker Shock of Advisor Fees (up from #8)
8. Fee Benchmarking: How and How Often? (down from #6)
9. Taking Your Finals Presentations to the Next Level: An Advisor Discussion (up from #10)
10. Demand Better: Service Continues to Suffer at Large RKs. Why Should We Put up with This?  (brand new to the top 10!)

Whether you’ve voted or not, new potential topics are added every day by readers (like you)—so you’ll want to keep checking it out—and keep weighing in at: http://www.allourideas.org/2024SummitPM