Industry Profile: Not-For-Profit Healthcare

Episode Overview If you are in the Not-for-Profit Healthcare sector and sponsor a retirement plan, I have some great information for you!  This is the first in a series of industry profile episodes that I will be making over the next several months.  This episodes features a broad and interesting conversation with Brodie Wood, Senior Vice President, Not-for-Profit Markets at Transamerica Retirement Solutions.  He shared several great pearls of wisdom for employers who sponsor a 403(b) or 401(k) plans in this sector such as: Business trends in the sector that may impact retirement plans Impact of physicians integrating back into hospital systems Updates on employer contribution levels  Strategies to encourage higher participation and contribution rates Emergence of Retirement Readiness as a measure of plan success How introducing Financial Wellness can improve participant outcomes For more information on this episode, please go to www.401kfridays.com.   If you like what you hear, please share with a colleague, friend or peer.  Also, please leave feedback on iTunes or Google Play.  Guest Bio Brodie Wood, is a Senior Vice President, and head of Not-for-Profit Markets at Transamerica Retirement Solutions.  In his role, Mr. Wood leads and is responsible for the company’s not-for-profit business and product development efforts. He was previously Vice President of Transamerica’s Participant Counseling Organization, a group dedicated to delivering employee education and retirement planning for plan participants.  He has also served on the board of the American Hospital Association’s Institute for Diversity in Health Management since 2010. He has been involved in the retirement plan field for the past fifteen years helping participants become retirement ready.  Mr. Wood earned his B.A. with a dual major in Spanish and Business from Utah State University. He has also completed his M.B.A. from Brigham Young University in 2002. He is a Six Sigma Green Belt and holds FINRA Series 26, 7, 63, and CRPC designations.  401(k) Fridays Podcast Overview The 401(k) Fridays podcast 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, new best practices and valuable perspectives on current events.