PSCA and Its Members Are Making the News!

PSCA Board members demonstrate leadership throughout industry; sponsors celebrate 401(k) Day 2007

PSCA Welcomes New Board of Directors Members
The Profit Sharing/401k Council of America recently welcomed three new members to its Board of Directors. On behalf of the Board of Directors, the PSCA Nominating Committee nominated and submitted for approval Ira Finn, Komatsu America Corp.; Annette Grabow, M. A. Mortenson Co.; and Pamela Toussaint, Philips Electronics N.A. The new members were approved at PSCA’s business meeting during the 60th Annual National Profit Sharing/401(k) Conference and Exhibition at the Westin Mission Hills Resort and Spa in Rancho Mirage, California, on September 27, 2007. 

Ira Finn
Mr. Finn, PHR, manages employee benefits and HRIS for Komatsu America Corp., a world leader in manufacturing construction, mining, and utility equipment. Ira is responsible for the design, administration, and compliance of benefit programs including health and welfare, defined contribution and deferred compensation plans. With more than 10 years of experience, Ira has specialized in the project management of HRIS, benefits, and payroll functions. Ira has a Bachelor of Science degree from Bradley University. 

Annette Grabow
Ms. Grabow is the Manager of Retire ment Benefits for M. A. Mortenson Company, an international construction firm. She is responsible for the design, implementation and administration of all qualified and non-qualified retirement plans. Ms. Grabow has been with Mortenson for more than 22 years and has 17 years experience in the retirement industry. Ms. Grabow has designed and implemented education and communication campaigns that have earned Mortenson eight Signature Awards, three Eddy Awards, a League of Communication Professionals Magellan Award, and an International Association of Business Communicators Bronze Quill Award. Ms. Grabow has a Bachelor of Arts from Bob Jones University in Greenville, S.C. 

Pam Toussaint
Ms. Toussaint is the Benefits Manager with Philips Electronics North America. She manages the delivery of benefits Programs, including the 401(k) plan, to over 18,000 Philips employees. Prior to joining Philips, Pam served as National Director Client Services and Principal with Mercer Human Resource Consulting where she led the pension outsourcing operation with annual unit revenues of $25 million, 35 corporate clients, and a staff of 150. Pam is a member of HRPBC (a local SHRM chapter in Palm Beach County) and is a Leadership Illinois — Advisory Board Member. Pam holds an MBA from DePaul University and a BA in French from the University of Illinois. 

PSCA would like to thank its Board of Director members for their continued support. Your commitment to PSCA through your time, volunteerism, and leadership are instrumental in helping PSCA provide top-notch services and information to our valued members.

PSCA Board Member Testifies Before Congress
Lew Minsky, Senior Attorney at Florida Power and Light Company and PSCA Board of Directors member, testified at the October 4th hearing of the House Committee on Education Labor to examine HR 3185, the 401(k) Fair Disclosure for Retirement Security Act of 2007. Lew spoke on behalf of PSCA, The ERISA Industry Committee, the Society for Human Resource Manage ment, the National Association of Manufacturers and the United States Chamber of Commerce. You may view the complete transcript of Lew’s testimony on PSCA’s Web site, www.psca.org. In his brief oral remarks, Lew stressed three points — that the vast majority of plan participants enjoy low fees; that Congress should wait for the Department of Labor to finish its regulatory overhaul of fee disclosures before considering legislation; and that HR 3185 “significantly over-reaches,” resulting in unnecessary complexity and compliance costs.

401(k) Day 2007 Was a Huge Success!
PSCA’s exciting 401(k) Day 2007 campaign produced big results! Because planning for retirement is not limited to just one day, PSCA has turned this year’s 401(k) Day into a year-round comprehensive campaign designed to promote ongoing awareness for 401(k) and retirement savings plans. “Make Everyday 401(k) Day” is a four-part, seasonally-themed campaign that provides tools for on-going communication with your employees and is a fun and easy way to engage your participants. 

PSCA member Sun Life Retirement Services implemented a 401(k) Day campaign that reached 70,000 in more than 250 plans. Companies all across America are finding creative and exciting ways to get their employees talking about the benefits of employer-sponsored defined contribution programs. 

Remember, it’s not too late to celebrate 401(k) Day at your own company if you haven’t yet. PSCA members can access the dynamic Winter Campaign and customize the materials for your employees. Show your employees how saving and investing in their own 401(k) plan can take the chill out of their retirement years. Some of the valuable tools available include: a participant article, posters and postcards, PSCA’s Annual Check-Up Tool, 401(k) Day participant Web casts, a Train-the-Trainer Web cast, and much more! 

All these tools and more are available for download on PSCA’s exclusive 401(k) Day Web site, www.401kday.org. All 401(k) Day tools and materials are available in English and Spanish for PSCA members. All four seasonal campaigns are available for use by PSCA members. The Fall campaign is available free for everyone. 401(k) Day materials are also available for 457 plans. For more information about 401(k) Day, please contact PSCA at 312-419-1863 or visit www.401kday.org.

Two PSCA Board Members Nominated for Leadership Award
PSCA would like to congratulate Board members Karen Barnes and Ann Combs on their nomination for a The 401(k) Wire’s Senior Leader award. Karen and Ann have been selected among the women leaders of the 401(k) industry. The list of nominees for the Senior Leader award includes women throughout the 401(k) industry who are currently holding senior positions in their organization. A list of finalists will be chosen later this year.