Session #803: The Benefit Builder Workshop: Understanding Design and Implementation of Responsive Total Rewards
Higher-than-ever ROI expectations, competing interests, and regulatory, legal, demographic and executive demands can make benefits plan design and implementation a daunting task, but delivering a comprehensive and responsive benefits platform is a satisfying achievement. In Part I of this highly interactive workshop, you’ll explore benefit plan design and implementation, reinforcing your knowledge; in Part II, you’ll apply this knowledge to hypothetical real-world benefit design situations, in the setting of a team-based competition of strategy and tactics. The result of this two-part process is a stronger working knowledge of plan design schematics, and practical experience with resolving conflicts and mitigating impediments to total rewards implementation.
Learning Objectives:
- The basics of ERISA, consumer-directed plans and cafeteria plans.
- An introduction to plan funding methodologies.
- The basics of PPACA, including reporting and Cadillac tax review.
- An introduction to HIPAA for plan sponsors, including health outcomes.
- Benefit considerations of the multigenerational workforce.
Jason Nathaniel Sheffield
Jason Sheffield is BRPs National Director of Compliance for the Baldwin Regulatory Compliance Collaborative. He oversees the ongoing evolution of our firm's national compliance operations. Jason develops, designs and implements educational programming and compliance assuredness services by creating timely and relevant solutions designed for the benefit of our clients and colleagues, our industry partners, and the general benefits community. Jason has practiced employee benefits law and consulting for nearly two decades, representing individual, corporate, and tribal interests at the local, state, and federal levels. He has advised clients and provided representative services before administrative agencies such as the DOL, the IRS, CMS, OCR, several state-level treasury authorities, and others. He has experience with both qualified and non-qualified retirement plans, executive compensation matters, and extensive experience respecting health and welfare plan matters. Jason received his undergraduate degree from Georgia State University (magna cum laude) and his Juris Doctor from Western New England College School of Law. He is admitted to the State Bar of Georgia.
Tricia Collins-Schmidt
With over 20 years of industry experience, Tricia is responsible for overall client satisfaction and delivery of Willis Towers Watson’s configurable benefit solutions to meet the unique needs of each organization. As a national leader, she advises our teams on how to deploy a holistic approach to health and benefits design and delivery using our deep market insights to develop cutting edge strategies and solutions that benefit both employers and employees. As a dynamic speaker, Tricia has been a featured at the Conference Board, Retail Symposium, and the Argentum Senior Living Conference.