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Big 401(k) Changes, Bigger Employee Impact
Guest: Brad Champagne
I am excited to share the first episode in our Sponsor Spotlight segment of the podcast! Brad shares candid details about his company, their culture, their 401(k) plan and most importantly the circumstances surrounding some significant plan changes they made to put their employees on a better path to retirement. As you will hear, the retirement committee really struggled with the impact and disruption to both their employees and the company the potential changes could have.
Guest Bio
Brad Champage in the Senior Director of Human Resources at Mission Linen Supply in Santa Barbara, CA.
Over the past 23 years, Mr. Champagne has held positions of increasing responsibility within Human Resources at Mission Linen after initially joining the company as a Management Trainee in Operations. He has played a key role in many important initiatives at the company, including the implementation of an Enterprise HR operating system, the development of improved performance management systems and the execution of a new compensation program for Sales and Operations.
As Director of Compensation and Benefits since 2011, Champagne has guided the company’s benefit plans through changes required by the ACA and overseen administration of the company’s 401k plan, which won an Eddy Award in 2014 for outstanding education campaign.
Mr. Champagne received a B.S. degree in Business Administration from Cal Poly San Luis Obispo and has earned both the Senior Professional in Human Resources (SPHR) and SHRM Senior Certified Professional (SHRM-SCP) designations. When he’s not working, Mr. Champagne enjoys running and watching his three children participate in their various activities.
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Company Profile
Mission Linen Supply is a family-owned, privately-held company and a leading provider of products and services to hospitality, medical and industrial businesses. Founded in 1930 by George “Ben” Page, the company has grown from a one-man operation to a leading player in the linen rental and uniform business.
With more than eighty years of industry knowledge and an experienced workforce, Mission Linen Supply is widely recognized for its ability to understand, anticipate and meet its customers’ needs while providing environmentally friendly goods and services. With its headquarters in Santa Barbara, California, the company employs more than 2,500 people in five western states.
Mission Linen Supply Today
Mission Linen is still owned by the family of founder Ben Page. As we continue to grow, our guiding principles remain central to the way we conduct our business. Behind everything we do is a customer-focused philosophy and a determination to achieve our common objectives through cooperation and teamwork. We believe these values distinguish us from competitors and enhance the the quality of our work.