Jeff Cullen, Kristen Deevy, Craig Dewey, Kelly Majdan, Shannon Maloney, Mike Morris, and Dave de Tagyos of Strategic Retirement Partners were seven of over 150 elite 401(k) plan advisors in the United States who gathered in Washington, DC recently to listen to and advise top Congressional leaders about the future of the retirement savings industry and how proposed laws and regulations could affect American workers’ retirement security.
The SRP team, a member of the National Association of Plan Advisors (NAPA), attended the fifth annual NAPA DC Fly-in Forum held in downtown Washington, DC on July 18-19. The delegates met with key Senate legislative staff, as well as a high-ranking Department of Labor official, to discuss issues including tax reform and the interpretation of the Department of Labor regulations on the definition of a fiduciary.
“Having access to these key federal leaders allowed us to explain how our industry works and potentially positively impact future legislation. I think the Hill is starting to understand how important the private-based retirement system is,” Cullen, Managing Partner, said. “We were thrilled that SRP was so well represented within this group of delegates.”
The Fly-in Forum featured a day and a half of high-level discussions with Members of Congress, including Congressman Peter Roskam (R-IL) Chairman of Tax Policy Subcommittee, Senator Ben Cardin (D-MD) Senior Member on Senate Finance Committee, and Fox Business News Anchor, Trish Regan.
Delegates then headed to Capitol Hill for a series of meetings with key Senate legislative staff. “Our Hill meetings with U.S. Senate staff in their offices allowed us a more intimate setting to make the case for our industry,” Deevy said. “Because they have to deal with so many different issues in a given day, we were able to offer ourselves as a resource on key issues such as tax reform and different proposed regulations.”
NAPA, a sister organization of the American Retirement Association, was created by and for retirement plan advisors. NAPA is the only advocacy group exclusively focused on the issues that matter to retirement plan advisors. Membership offers three valuable benefits: advocacy, business intelligence, and networking – all designed to keep plan advisors in the forefront of the industry and help them succeed.
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