PSCA Provides More Support for Companies and 401(k) Participants

CHICAGO – (Business Wire – April 20, 2009) – Now more than ever it is important to recognize the importance of the 401(k) as the preeminent retirement savings vehicle for a majority of Americans.  Companies sponsoring 401(k)s and employees participating in the plans need more support and education on the value of the system.  David Wray, President of the Profit Sharing/401k Council of America (PSCA), is responding to that need by hiring Robert A. Benish, known in the industry as “the Dean of Retirement Education” to a key staff position as Vice President of Membership and Operations.

Bob Benish will be responsible for the day-to-day operations of PSCA including programs, publications, conferences and membership.  “With Bob on board at PSCA, we can dedicate even more time to representing PSCA’s vision to policymakers, academics and the media,” states Wray.

“Bob’s extensive experience in Defined Contribution communications, education, and marketing for Plan Sponsors, Participants and Providers will help support the mission of PSCA and provide a wealth of resources to our membership”, Wray  added. 

For over two decades, Benish has served in management roles for a number of mutual fund and investment companies in New York, Boston and Atlanta.  Most recently, he was founder and president of the Retirement Education Center and has been a passionate supporter of financial literacy through Fin Lit 101®, an online program for high school students.

Other staff changes will be made to further support PSCA and its members.  Hattie Greenan will devote more of her time to research as Research Manager and Kara Clark, PSCA editor, will take on increasing responsibilities in Communications and work closely with Bob Benish on the Education and Communications Committee.

The Profit Sharing/401k Council of America (PSCA), a national non-profit association of 1,200 companies and their 6 million employees, advocates increased retirement security through profit sharing, 401(k) and related defined contribution programs to federal policymakers and makes practical assistance with profit sharing and 401(k) plan design, administration, investment, compliance and communication available to its members. PSCA, established in 1947, is based on the principle that “defined contribution partnership in the workplace fits today’s reality.” PSCA's services are tailored to meet the needs of both large and small companies with members ranging in size from Fortune 100 firms to small, entrepreneurial businesses.