Diversity & Inclusion Group (DIG) Update
Registration for our fall breakfast event is open! Please review the information below and register today to join us:
Our DIG Virtual Book Club Series has been postponed until spring 2023. We will read and discuss Atomic Habits by James Clear, so stay tuned for the virtual book club series dates in early 2023.
Peer Group Update
FEI Members, our fall virtual meeting will be held on Thursday, December 15th from 2:00 - 4:30 PM via Zoom. Help create the agenda by submitting your recommended topics within your online registration. Meeting details are included below:
Date: Thursday, December 15, 2022
Our 2022-2023 fiscal year events are underway, and we enjoyed seeing so many of you both virtually and especially in-person at our September 21st chapter meeting! We have five events planned during the months of October and November and look forward to reconnecting with you. In addition, we're pleased to welcome four returning members to the chapter as follows:
2022- 2023 Updated Program Schedules
Pooled Employer Plan (PEP) Update
Pooled employer plans (PEPs) have emerged as an innovative and powerful 401(k) alternative, allowing employers of all sizes to band together instead of going alone. Check out the power of PEPs by watching this short 4 minute video: The Power of PEPs
Into the Deep End: The Big Splash of Pooled Employer Plans is a new episode of the American Benefits Podcast, where host Jason Hammersla is joined by Rick Jones, senior partner in Aon’s Wealth Practice. Together they discuss the state of employer plan sponsorship, barriers to plan formation and how PEPs can improve the environment for plan sponsors.
This recent article from Bloomberg Law, Excessive Retirement Fees Suits Jump-Start Pooled-Plan Activity, explains how US employers increasingly are turning to pooled retirement plan designs to avoid the risks and costs associated with a rising tide of class actions over fees for workplace 401(k) investments. Rick Jones discusses the high cost of uncompensated risks associated with managing 401(k) plans. “I think, increasingly, employers will conclude that the investment lineup, while very, very important, isn’t something that they’re going to create value for themselves as an employer,” Jones said. “So, we view that as somewhat uncompensated risk.”
Construction Inflation causing Insurance Limit Challenges – Many insurance policies contain co-insurance clauses requiring an insured to maintain limits of 80-100% of the current replacement value on buildings. Review polices carefully and obtain a replacement cost estimate to be sure you are not penalized at the time of a claim. A $10,000,000 building insured for $7,000,000 with a 90% co insurance clause would only receive $780,000 on a $1,000,000 claim. The same challenges hold true for Business Personal Property (Equipment, Contents, Inventory) as well as how changes in employee and raw materials can impact Business Income limits. Don’t let the inflation climate leave you uncovered for portion of a loss.Click here to read the entire cost trend update.
Why Businesses Can't Afford to Forget about Threat Detection in Cybersecurity
A few months ago, we conducted a CFO Priorities Survey where we asked CFOs across the U.S. to share their professional priorities, challenges, and strategic initiatives. The survey focused on the following areas…
The results of this survey provide valuable insights into the priorities of CFOs and their organizations and will be a tool for you as you plan, prioritize, and execute for 2022 and beyond. We are ready to share the aggregated research results and final perspectives. The insights of our respondents, your peers, provides you a lens on the common goals and struggles for the CFO, as well as the knowledge that you are not alone on your journey. Knowing how others are prioritizing their response to similar challenges may help in your own planning and execution. Download the complete 2022 CFO Priorities Survey results from our website beginning October 10.
Manufacturers Can Drive Revenue, Growth & Profit with Focus on RevOps
Revenue generation opportunities abound in your business — do you know where to look? Join Greg Linnemanstons, President of Weidert Group, at the Manufacturing First Expo & Conference for a deep dive into how Manufacturers Can Drive Revenue, Growth & Profit with Focus on RevOps. Greg will explore a holistic approach to revenue opportunities including:
2022 Manufacturing First Expo & Conference
Click here for more event information and registration.