John has more than 25 years of experience in the financial services industry, including 20 years working exclusively with Taft-Hartley clients.
John’s consulting experience is focused on plan design to meet the unique needs of Taft-Hartley defined contribution retirement plans. In this role, he works exclusively with Taft-Hartley clients and consults with plan sponsors and professionals on plan design, administration, compliance testing, government reporting, and regulatory changes. In addition, John has extensive experience assisting clients with implementing 401(k) plans and designing plans to assist in retaining the assets within the plan.
Prior to joining Milliman, John spent 18 years at John Hancock Retirement Plan Services (JHRPS). He served as a director and ERISA consultant within the Taft-Hartley practice. John started in the retirement industry in 1997.
Publications and Presentations
Multiemployer Review: Implementing a participant loan provision in a Defined Contribution Plan: What to consider
Multiemployer Review: Balance forward defined contribution plan challenges in turbulent times.
Multiemployer Review: Taking the Taft-Hartley defined contribution plan to the next level.
2018 IFEBP Presentation: What is the Right Number? Lifetime Benefits from Defined Contribution Plans.
2017 IFEBP Construction Industry Conference: Maximizing Your Defined Contribution Plan.
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Professional Designations
Certified Pension Consultant (CPC), American Society of Pension Professionals and Actuaries
Qualified Pension Administrator (QPA), ASPPA
Qualified 401(k) Administrator (QKA), ASPPA
Education
BA, Political Science, Hartwick College, Oneonta, NY
Affiliations
Member, ASPPA
Member, International Foundation of Employee Benefit Plans
Member, The USA Retirement Plan Independent Advisory Committee
We review recent IRS guidance relating to the mandatory Roth catch-up requirement for certain high earners in multiemployer defined contribution 401(k) plans.
22 January 2024 - by Gerald Erickson, John Donohue, Nina Lantz
In our latest multiemployer review, we discuss how SECURE 2.0’s automatic enrollment provision could hinder retirement savings for 401(k) plan members.
While the Secure 2.0 bill’s auto-enrollment feature would help people save for retirement, it would lead to significant administrative issues for many plans including Taft-Hartley plans.
This article provides an overview of the distribution process and why now may be a good time for trustees to consider moving the defined contribution plans to a daily valued environment.
Plan sponsors should ensure that participant loan provisions in a Taft-Hartley Defined Contribution retirement plan be thoroughly vetted and in compliance.
This paper explains the merits of moving the defined contribution plan from a balance forward, periodic-valued, trustee-directed plan to a daily-valued, self-directed plan that participants can view and monitor every day in order to make more informed decisions about their retirement.