Laura Jurica is the SVP of finance, accounting, and compliance at Andrews Distributing. She has been with the organization for just over 24 years, all in accounting and finance capacity. Laura has been a member of the 401K committee for six years.  Andrews Distributing is a beverage distributor in the North Texas and South Texas markets. 

In this episode, Eric and Laura Jurica discuss:

• The multifaceted role of a fiduciary 
• Setting up efficient committee meetings 
• Addressing client-specific needs 
• Implementing successful training sessions 

Key Takeaways:

• The multifaceted role of a fiduciary encompasses participant education, thoroughly documented practices and the alignment of processes for retirement planning's success. Being a true fiduciary means prioritizing the interests and well-being of the participants. 
• Efficiency in committee meetings would require pre-planning, setting dynamic agendas, and possibly establishing subcommittee meetings. The goal with these practices is to maximize the productivity of formal committee gatherings by ensuring thorough discussion of issues within a suitable timeframe. 
• ERISA plan advisors need to create strategies that address client-specific needs, coupled with the critical mission of educating committee members about their responsibilities. The formation of specialized subcommittees can prove invaluable in achieving this. 
• Successful implementation of frequent, engaging, and concise fiduciary training sessions catered to the committee members' schedules could greatly enhance the stewardship of retirement outcomes.

“We need to be thinking about the care of the team members. How are we thinking about educating them to ensure that they opt into the plan at the highest level possible that they're capable of contributing and the time that they have?” - Laura Jurica

Connect with Laura Jurica:

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/laura-jurica-0507718/ 

Connect with Eric Dyson: 

Website: https://90northllc.com/

Phone: 940-248-4800

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/401kguy/ 

The information contained herein is general in nature and is provided solely for educational and informational purposes.

It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice or legal advice.

The specific facts and circumstance of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan specific circumstances.