Fall Forum 2024 Meeting Materials

Info for:

Fall Forum 2024 Meeting Materials

Agenda & Presentations

Please click on a session title to view file downloads and speaker biographies.

View the SVIA Fall Forum 2024 schedule & directory.

Attendees

SVIA Sponsors

The Stable Value Investment Association would not be able to do the work the association does without the generous support of our sponsors. SVIA is proud to be working in partnership with these companies. These companies commit not only financial resources, but also make available their expertise and leadership in shaping and carrying out the association’s mission to demonstrate stable value’s many contributions to building a strong, viable retirement savings and investment program that will provide financial security in retirement.

Gold Value Program Members

Silver Value Program Members

Bronze Value Program Members

Hotel Map

Future Meeting Dates

2025

Board of Directors Meeting
January 27-28, 2025
ㅤWashington, DC

Spring Seminar & Board Meeting
April 14-16, 2025
The Ritz-Carlton New Orleans
New Orleans, LA

Board of Directors Meeting
June 16-17, 2025
Washington, DC

Fall Forum & Annual Membership Meeting
October 6-8, 2025
Fairmont Georgetown
Washington, DC

2026

Board of Directors Meeting
January 26-27, 2026
Washington, DC

Spring Seminar & Board Meeting
April, 2026
Location
TBA

Board of Directors Meeting
June 22-23, 2026
Washington, DC

Fall Forum & Annual Membership Meeting
October 5-7, 2026
Fairmont Georgetown
Washington, DC

2027

Board of Directors Meeting
January 25-27, 2027
ㅤWashington, DC

Spring Seminar & Board Meeting
April, 2027
Location
TBA

Board of Directors Meeting
June 21-22, 2027
Washington, DC

Fall Forum & Annual Membership Meeting
October 4-6, 2027
Fairmont Georgetown
Washington, DC

Board of Directors

Karen Chong-Wulff
Managing Vice President, Fixed Income
MissionSquare Retirement

Andrew Erman
Sr. Director, Risk Management
Transamerica Stable Value Solutions Inc.

Tashil Fakir
Head of SV Sales
JPMorgan Chase Bank, N.A.

Henry Kao
Senior Vice President
PIMCO

Michael Leonberger
Stable Value Portfolio Manager
Invesco

Lacey Lockward
Vice President, Stable Value
Prudential Financial

Tony Luna
Head of Stable Asset Management
T. Rowe Price

Maya Pillai
AVP, Head of Stable Value Wrap
Pacific Life

Yijing Robertson
Investment Manager
IBM Retirement Funds

Lucas Robustelli
Sales Director – Stable Value Markets
Metropolitan Life Insurance Company

Neena Saxena
Portfolio Manager
The Vanguard Group

Michael Sipper
Corporate Vice President
New York Life

Ben Soltsov
Vice President
GSAM Stable Value, LLC

Michael Swink
Investment Director
Virginia College Savings Plan

Keith Watson
Director – Pension Investments
Textron

Bryan White
Manager – Pension Investments
Raytheon Technologies

Current Data

SVIA Stable Value Quarterly Characteristics Survey for 4Q2024 – Preliminary

The Stable Value Investment Association’s Quarterly Characteristics Survey Preliminary Report for 4Q2024 is now available. This preliminary manager report is being released in advance of the full report. Figures provided in this report are preliminary and subject to change as more data providers submit information to the SVIA. Please review the product asset figures to gauge completeness. The full Quarterly Characteristics Survey Report will replace this preliminary report as soon as it is available.

2023 Executive Summary – Stable Value Investment and Policy Report

From an economic perspective, there was significant progress in 2023 toward sustainably
lower inflation against the idiosyncratic volatility caused by the banking crisis, both in the U.S.
and abroad. The progress in fighting inflation and the lagged impacts of an elevated policy
rate, led the Fed to pause the tightening cycle after reaching the 5.25%-5.50% level. Elevated
yields kept pressure on depressed market to contract ratios but also provided the spark
for higher crediting rates (+50-60 basis points) in most products. As the probability of a soft
landing and a goldilocks outlook increased throughout the year, the stable value industry
was challenged by participant outflows that were attributed to robust equity returns.

Stable Times

Beyond QDIAs: Exploring Growth Paths for Stable Value

Negative Stable Value Cash Flows—And What Plan Sponsors Can Do About Them

Goldman Sachs Asset Management Strategist Projects Continued U.S. Economic Growth

Stable Value Providers See Opportunity in Growing 529 Plan Market

The Retirement Tier: Developing an Investment Menu Targeted at Retirees

Stable Value Providers See Growth Path Despite Interest Rate Challenges

New SVIA Resource in Partnership With Mercer: Stable Value and the Retirement Tier

SVIA is proud to announce the release of a new whitepaper titled “Stable Value and the Retirement Tier” that was written in collaboration with Mercer. This paper explores key insights into how stable value can enhance retirement income strategies and its role within the retirement tier framework.

Executive Summary

Many plan sponsors want to provide sustainable retirement income solutions. This comes with challenges regarding asset retention, cost management, and educating participants.

Creating a retirement tier out of existing funds is an efficient way for plan sponsors to build an in-plan retirement income menu without the administrative burden and oversight of new solutions.

Stable value products, already available within most plans, are an effective component of a retirement tier for both short- and mid-term spending needs as they seek to offer guaranteed principal preservation, daily participant liquidity, and steady returns.

SVIA Statement to the ERISA Advisory Council on Lifetime Income & QDIAs

SVIA submitted written testimony to be included in the upcoming ERISA Advisory Council meeting pertaining to lifetime income in defined contribution plans and qualified default investment alternatives.

This testimony highlights two proposed enhancements aimed at improving retirement income options for participants. The first proposal seeks to extend the current Qualified Default Investment Alternative (QDIA) safe harbor status for stable value investments to specific age cohorts as a retirement income option. The second recommendation suggests granting safe harbor status to existing QDIAs that utilize stable value for principal preservation near and in retirement.

5 Reasons to Include Stable Value in Your Portfolio

Stable value is a core investment option in defined contribution plans. In fact, it has been a part of defined contribution plans for over 40 years. As of December 31, 2023, $882 billion was invested in stable value, which accounted for 10% of all defined contribution assets. Participants of all ages rely on stable value to help achieve their retirement goals.