Team Building, Balancing Demands and a Better Team Focus?

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!

Team Building

In its first week of “competition,” the team building category got more than 300 votes and the top 10 prospective topics at this point are:

1. Team Building, Team Binding
2. Balancing demands for work-life balance
3. Divide and conquer—building a better team focus
4. Optimal incentive and compensation structures tied to both sales and service success (growing and protecting revenue—everyone has a role!)
5. What's missing from your team's playbook
6. How to Build—And Keep—a Quality Multi-Faceted Team
7. Team work (really does) make the dream work   
8. How to Create an Environment Where Everyone Has a Voice        
9. Generations Apart—Together at Work    
10. Establishing a Peer-to-Peer Education/Coaching Network

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) nearly 600 votes—and nearly half NEW to the top 10, the top 10 topics (now) are:

1. The rollover. How do we reconcile the fact that everyone wants them and how will the industry work together in some fashion to accomplish (up from #2 last week).
2. AI U & Me: What will AI replace or enhance? Will you be able to adapt? (surging from #9 last week)
3. Managed Accounts—Just an Expensive Target-Date Fund? (climbing in to the top 10 for the first time!)
4. Retirement Income Solutions—How to compare (up from #10)
5. Retirement income developments—Everything from how to determine if retirement income should be added to a plan, selection and monitoring … (another new entrant to the top 10!)
6. Rollover Realities (dropping from #1)
7. Provider fee surveys—a session discussing average fees by providers and benchmarking (down from #5)
8. Medicare—the Elephant in the Room of Retirement Planning (new to the top 10!)
9. Stable Value vs. Money Market (new to the top 10!)        
10. In-plan income solutions are increasing, and it is an alphabet soup understanding the various products… what will the evolution look like? (another new one to the top 10!)      

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

Practice Management

In its third week in the “ring”—and now with more than 5,000 votes cast—the new top 10 contenders are:

1. Executive benefits, nonqualified plans, and deferred compensation strategies (brand new to the top 10—and a new add to the voting tool!)       
2. How to be on the right side of recordkeeper consolidation trends (up from #7)
3. Retirement Industry of 2030 (down from #2 last week)   
4. What are the daily habits and behaviors of the most successful advisers? (down from #1)
5. How are advisors handling fiduciary duties and management of details for their 401(k) clients? (down from #3)                
6. Fee benchmarking; how and how often? (down from #4)               
7. Discussing with different level of advisors (large market, mid-market, small market) and what service model they set up for their base of clients (slipping from #6)
8. Earning Your “Keep”: Value-added services to avoid sticker shock of advisor fees (up slightly from #9)
9. Behavioral Finance and Investor Psychology: Examine the role of emotions, biases, and cognitive processes in retirement planning and investing (down from #5)
10. Taking your Finals Presentations to the Next Level: An Advisor Discussion (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