Management

Scenes from the 2014 CUNA CFO Council Conference

The event concluded Wednesday in Las Vegas.

May 21, 2014
KEYWORDS CFO , CUNACFO14
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Scott Knapp CFO14

Defined benefit retirement plans are expensive to fund and maintain—but 401(k) plans expose employees to market risk and participants’ neglect.

So how can a responsible employer help employees find security during their retirement years?

The answer lies in the “defined benefit-ization” of 401(k) retirement plans, Scott Knapp, director of retirement investment strategy for CUNA Mutual Group, said Tuesday.

This approach both shifts risk away employers and helps ensure a steady stream of retirement income for employees.

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