There was a lot of activity in our topic cage match this week—and some interesting realignments on the week #1 topics as well.
As a reminder, we’ve got the location (Tampa Bay, Florida), the dates (April 3-5), and we’ve (already) begun working through a list of exciting keynote speakers, and, yes—making plans for Summit “After Dark.”
Which brings us to that amazing, compelling, and innovative agenda 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! We use a unique mechanism to suss out our topics, after all—one replete with its own dynamic logarithm—and, of course your perspectives in a “cage match” format.
The list is a living thing—it works like a topics “cage match” of sorts. You’re presented with two different session topics—they rotate—all you have to do is pick your favorite or add your own idea for others to vote on. Then you’ll get two more choices—vote or add one of your own. If you don’t like either of the suggestions (though that’s not likely)—there’s even an option for that. Every time you suggest an idea, it’s added to the pool of ideas that others vote on.
You can vote as often as you’d like—and we’ll keep you posted as to which topic(s) are leading, as we near the opening of registration for the 2022 NAPA 401(k) Summit.
So—what’s going on? Well, for this week 2 series, we focused on what we described as business developments—industry trends and shifts that could provide opportunities—or threats—to your business development efforts. Nearly 6,000 votes were cast—and the top 15 topics in that category now are:
- PEPs successes, failures and trends
- Compensation trends, compliance and different revenue streams from managed accounts, rollovers, etc.
- As clear as the nose on your face—trends you’re completely overlooking
- How to open doors; how to win a plan with no advisor; how to win larger plans; how to use LinkedIn to grow your business
- What will a virtual/hybrid environment mean for fees/fee compression (no in-person meetings)
- Driving positive participant outcomes through personalization
- What the IRS and DOL continue to target with your clients’ plans
- Advisor technology—what is needed most for efficiency and margin expansion
- Plan sponsor perspectives
- (Much) more than 401(K)
- Who “owns” the participant?
- Evolution of financial wellness to “financial engagement.” Why fin wellness programs have not delivered on promises.
- Lessons learned from litigation
- More than nudges—Behavioral Finance 2.0
- Cybersecurity—the Labor Department has furnished questions—but what are the “right” answers?
You can continue to weigh in on these topics at http://www.allourideas.org/2022bizdevelopment
Votes continued to pour in on the topics in Week #1’s topics—focused on products/services. Our new Top 10 in that category are:
- Why everybody wants—and nobody takes—in-plan retirement income options (vaulting to the top from last week’s #10)
- Things we hate about you—plan sponsor confessions about their retirement plan advisors (breaking into the top 10 for the first time).
- Managed accounts—just an expensive TDF? (was #2 last week)
- The fad of financial wellness (holding steady at #4)
- Industry trends—being prepared for what’s next (brand new topic)
- Why not look at custom target date solutions vs managed accounts. Last year was all AMA. Leverage internal research with CTD, better QDIA (another brand new topic)
- Rollover realities (new to the top 10)
- Competing with full service providers on startup plans (brand new)
- Will technology make TDFs obsolete? (new to the top 10)
- In-plan spend-down solutions (new to the top 10)
You can continue to weigh in on these topics at http://www.allourideas.org/productset
Thanks to all who have/are/will helping us build the agenda for a truly impactful 2022 NAPA 401(k) Summit!
