HVBF Monthly Meeting - Human Resources Roundtable
Thursday, March 2, 2006, 8:30 AM - 9:30 AM

Host: 

The Graduate Center at Loyola College

Breakfast Sponsor:

Kellie Zysk and Ultimate Staffing

Attending:

Lynn Argenbright, RSM McGladery Insurance Services Inc
Lynda Balins, Safeguard Maintenance
Bob Bell, Valley Motors
Lisa Benson, Mary Kraft & Associates
Shari Blevins, Medical Mutual Insurance Society of Maryland
Lovena Breeden, Northwestern Mutual
Charles Breschi, Franklin Financial Group
Sandra Brown, Teledyne Energy Systems
Dennis Carter, Smith Barney
Michelle Chambers, Arthur F. Bell, Jr. & Associates
Heather Chism, Johnson, Mirmiran & Thompson
Carol deGroot, Atlantic Financial Federal Credit Union
Christine Eichler , PDP Group, Inc.
Charles Feihe, PDP Group, Inc.
Willie Franklin, Franklin Financial Group
Ann Geisinger, Benelogic, LLC
Eileen Hanley, Medical Mutual Insurance Society of Maryland
Blythe Hannes, Stout, Causey & Horning
Candice Irwin, KCI Technologies
Mike Kolar, Johnson, Mirmiran & Thompson
Laura Kyle, Marriott Courtyard, Hunt Valley
Janice Legin, Kelly Services
Joe Lemmon, HR Workplace Solutions
Ann Miller, Apex Clerical, LLC.
Ed Paterline, Spherion,
Jennifer Pipino, Ultimate Staffing
Judith Poulin, Colliers Pinkard
James Randisi, Randisi & Associates, Inc.
Donna Reihl, The Community College of Baltimore County,
Suzy Remhof, Mary Kraft & Associates
Kent Smedley, Community College of Baltimore County
Steve Spund, Greetings & Readings
Kellie Zysk, Ultimate Staffing

Chairperson Christine Eichler welcomed those attending and than ked Kellie Zysk and Ultimate Staffing for breakfast this morning.

Christine introduced Chuck Breschi and Willie Franklin of member Franklin Financial Group who led our discussion about the new Roth 401 (k).

On January 1, 2006 the new Roth 401 (k) became another available retirement vehicle. It differs from the traditional 401 (k) in that contributions are made after tax and withdrawals are made tax free. That is only the beginning of the differences. It is imperative that each company and individual be fully aware of the earnings levels and tax consequences of each vehicle and a little knowledge of where those components will be in ten, twenty, thirty years or more when individuals are ready to retire. A crystal ball may help.

Companies must research the pros and cons for their participation and the human resource departments must be prepared for new responsibilities. Getting informed advice is essential.

For more information from our presenter contact Chuck at cbreschi@finsvs.com or 410-771-0134.