Ep69_PrincipalFinancialGroup

AHA Associate Podcast Series, Ep.69 | Principal Financial Group

 

 

AHA Associate Podcast Series | Principal Financial Group

 

 

 

AHA Associates Bringing Value Podcast

 

 

In this podcast series, the AHA checks in with its Associates to learn how they are supporting members and leveraging the AHA Associate Program to stay connected with members and help them achieve their goals and objectives.

Episode 69: Common Retirement Plan Design Considerations in Health Care

In this episode, Kathleen Wessel, Vice President of Business Management and Operations at the AHA, is joined by Felix Okwaning and Marc Howell, Managing Directors of Enhanced Plan Design at Principal Financial Group. Their discussion focuses on common retirement plan designs; how they can impact employers and employees; and future concepts to recruit and retire employees that can deliver high-quality care.

 

Listen to the podcast by clicking below:

  

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Principal Financial Group

The Principal Financial Group helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.

To see a full list of current AHA Associates like the Principal Financial Group, visit this page.

Featured In This Episode

Felix Okwaning

Felix Okwaning, FSA, EA

Managing Director, Enhanced Plan Design

Principal Financial Group

Marc Howell

Marc Howell, FSA, EA

Managing Director, Enhanced Plan Design

Principal Financial Group

Kathleen J. Wessel

Kathleen J. Wessel

VP, Business Management and Operations

American Hospital Association

Felix Okwaning and Marc Howell are Principal Securities Registered Representatives. EA/FSA - Defined benefit measurements, if applicable, are for the sole purpose of providing the plan sponsor information with respect to their plan or plans evaluated. Related analysis presented is/will be completed based on the plan's participant data, provisions, and actuarial assumptions and methods incorporated into the DB plans most recent funding and/or accounting measurements. Analysis using different information and at future measurement dates may differ significantly from the current analysis. The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. Based on analysis conducted by the Principal Financial Group®, November 2022. The estimate assumes a 40-year span of accumulating savings and the following facts: retirement at age 65; 10-15% individual plus employer contributions; Social Security providing 40 percent replacement of income: 4.5% withdrawal of retirement savings; 6 percent annual market returns; 2 percent annual inflation; and 3 percent annual wage growth over 40 years in the workforce. This estimate is based on a goal of replacing about 80 percent of salary. The assumed rate of return for the analysis is hypothetical and does not guarantee any future returns nor represent the return of any particular investment. Contributions do not take into account the impact of taxes on pre-tax distributions. Individual results will vary. Participants should regularly review their savings progress and post-retirement needs as savings depends on many factors, including lifestyle, social security replacement, and retirement age. Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world. © 2024 Principal Financial Services, Inc. 3876541-092024