Plan Progress: Plan Design Trends

Rebecca Moore is managing editor, digital, for PLANSPONSOR.com. She has 29 years of experience in the retirement industry, starting as a recordkeeper in Wachovia Bank’s (now Wells Fargo) employee benefits division in 1991. Moore also led the nonqualified plan recordkeeping team at Wachovia Bank. Prior to joining PLANSPONSOR in 2005, she was a relationship manager at third-party administrator (TPA) Amvescap (which is now a part of MassMutual). Moore has a bachelor of science (BS) degree in mathematics from Elon University in North Carolina, and a master of arts (MA) degree in mathematics from Wake Forest University. Following completion of her MA degree, she worked for three semesters as a math instructor at Old Dominion University in Norfolk, Virginia.

Bill has over 19 years of Defined Contribution (DC) experience. His DC clients across North America own over $800 billion in retirement assets invested by over 60 million participant lives.
Bill leads Aon’s North America DC Multi-Asset Solutions team, which includes four of Aon’s DC Subject Matter Expert teams: the DC Multi-Asset Manager Research team who evaluates Target Date Fund, Balanced Fund, and Managed Accounts created by Asset Managers, the Custom DC Solutions team building bespoke solutions for Aon clients, the DC Multi-Asset Fund Management team providing Aon’s best ides in a packaged product, and the Retirement Income team helping client consider and add retirement income solutions into their DC plans. These teams are made up of over 35 Aon colleagues who focus on supporting over 360 of Aon’s DC clients find solutions that best fit their needs and objectives.
Bill authored six papers titled, “Are Managed Accounts more efficient than Target Date funds?”, “How to Offer 403(b) Participants a Secure Retirement Income”, “Why Target Date Funds Should be Lower Risk for Populations without Defined Benefit Plans”, “Government, Education, and Utility Sectors, Could be fit for an ‘Aggressive’ Target Date Fund Glide Path”, “Customize DC Investments for Participant Success” and “How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It,”
Bill has published many articles for Aon including, “Can You Truly Evaluate Managed Accounts Through Marketing's Rose-Colored Glasses”, “Plan Sponsors Need Hands-On Engagement for Review of Solutions that Allow Participants to be Hands-Off, “Unfolding the Managed Accounts Fee Enigma”, “As the DB Door Closes, the DC Retirement Income Door Opens,” “PPA 2006: A Rising Tide Lifting Driverless Boats,” “Change the TDF Debate from ‘To vs. Through’ to ‘Stay vs. Leave,’” “Why Retirement Models are Perfect, While People are Not,” and, “No Such Thing as a Passive TDF.”
His Aon Investments’ publications have had him quoted in Bloomberg News and Pensions & Investments. He was also cited in, “Successful Defined Contribution Investment Design: How to Align Target-Date, Core and Income Strategies to the PRICE of Retirement” by Wiley Finance.
Prior to joining Aon, Bill was the Director of Client Relation Services for the University of California (UC) Regents’ Office of the Chief Investment Officer (OCIO). His responsibility within UC’s OCIO included overseeing UC’s $20 billion defined contribution program’s investments, which included overseeing and managing a $5 billion custom target date fund series and multi asset funds which included private equity. While at the University, he helped lead it to recognition by many notable retirement industry agencies, as a finalist for the 2014 Defined Contribution Plan Innovator of the Year by Chief Investment Officer magazine as well as a 2013 Plan Sponsor of the Year Finalist by PLANSPONSOR magazine.
Bill is an Executive Committee member for DCIIA and the Chair of DCIIA Investment Policy & Design Committee. He has been a Pensions & Investments (P&I) Eddy Award Winner, a Judge for the 2016, 2017, 2018, 2019, and 2020 P&I Eddy Awards, a Judge for the 2017, 2018, 2019, and 2020 DCIIA/P&I Innovator & Excellence Awards, DC West Advisory Board member, DC West speaker, the Chair for 2016, 2017, 2018, 2019, 2020, and 2021 P&I DC Investment Summit, and the Chair for the 2019 and 2020 P&I Retirement Income Summit. He has also been a speaker at various Institutional Investor DC conferences.
Bill holds a B.S. in Management from Rensselaer Polytechnic Institute and a M.B.A. in Corporate Finance from the University of California, Irvine. Bill holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the CAIA Society of Chicago. Bill is a Senior Professional in Human Resources (SPHR) and is currently a candidate for the Chartered Financial Analyst (CFA) designation.

Greg T. Ungerman, CFA, is a senior vice president and defined contribution practice leader. Greg is responsible for setting the direction of Callan's DC business, providing DC support both internally to Callan's consultants and externally to Callan's clients, and working with Callan’s team of DC subject matter experts to develop research and insights into DC trends for the benefit of clients and the industry. Previously, Greg was the co-manager of Callan’s San Francisco consulting office. He worked with a variety of plan sponsor clients across the Western region, including corporate defined benefit and defined contribution plans, foundations/endowments, and multi-employer and public plans. His client service responsibilities included strategic planning, plan implementation, coordination of special client requests, and customized performance reporting. Greg is a member of Callan's Management, Defined Contribution, and Editorial committees, and is a shareholder of the firm. Greg joined Callan in October 1998. Before joining the plan sponsor consulting group in early 2001, Greg was senior analyst in the Client Report Services group. In that role, Greg specialized in all aspects of performance measurement and analytics and was responsible for managing some of Callan's largest reporting relationships. Prior to joining Callan, he worked at IMG, organizing professional golf and tennis tournaments.
Greg graduated in 1998 from the University of California, Davis with a BS in managerial economics. Greg is a holder of the right to use the Chartered Financial Analyst® designation. He belongs to the CFA Society of San Francisco and CFA Institute.

Brian O’Keefe leads the market research/surveys team supporting the PLANSPONSOR, PLANADVISOR, and CIO brands. In this role, he manages the collection and analysis of industry data covering the retirement and asset management industries. Over his 30 year career, he has helped organizations transform institutional data and instructed information/knowledge into the actionable insight that improves business outcomes. Prior to joining PLANSPONSOR in 2010, Mr. O’Keefe worked for Fidelity Investments, where he spent more than 3 years leading the institutional retirement market insights team. Mr. O’Keefe has a bachelor of science (BS) degree in mathematics from the University of Notre Dame, and a master of business administration (MBA) degree in finance from Babson College.