Genders, Generations & 401(k) Plans

Episode Summary You might have heard that Men are from Mars and Women are from Venus, you also might understand a thing or two about Millenials, Generation Xers and Baby Boomers.  However, what you might not realize is that having a better grasp on how different generations and genders approach preparing for retirement could actually help you improve your retirement plan health.  My guest, Margaret Rux, is a principal and head of Strategic Retirement Consulting at Vanguard. Her team of attorneys, actuaries, plan analysts, and senior benefits professionals offer consulting, analysis, and expertise on a variety of fiduciary and regulatory issues affecting plan design and compliance.  Margaret shares great insights from their research on the differences between the generations and genders in retirement plans.  For plan sponsors, she shares strong evidence that your go forward plan design can be the great equalizer between historical differences between the groups. Guest Bio Margaret Rux is a principal and head of Vanguard Strategic Retirement Consulting. Her team of attorneys, actuaries, plan analysts, and senior benefits professionals offers consulting, analysis, and expertise on a variety of fiduciary and regulatory issues affecting plan design and compliance. Ms. Rux joined Vanguard in 1987. She has spent most of her career in Institutional Client Services and has also held leadership positions in Vanguard's retail and international businesses. Ms. Rux earned a B.S. from Ithaca College and an M.B.A. from Saint Joseph's University. She is also a certified ERISA paralegal.  401(k) Fridays Podcast Overview Offers companies of all sizes free strategic, educational and actionable content to improve  their retirement plans.  My name is Rick Unser and I am your host.  All episodes leverage my nearly two decades of experience working with employers to bring you candid interviews with industry experts to enhance Fiduciary Protection, streamline Plan Operations and improve employee Retirement Readiness.   For more information please visit www.401kfridays.com