New Trustees Institute - Level I: Core Concepts
Sessions Include:
7:30 AM - 11:30 AM
- History of benefits/legislation
- Governing documents
- Fiduciary responsibilities under ERISA
- Relationship of trustees and parties to the collective bargaining agreement
- Conducting effective trustee meetings
12:30 PM - 4:30 PM
• Investing process
• Investment terminology
• Risk and return
• Investment objectives and policy
• Asset classes
• Asset allocation
• Market performance
• Selecting managers and monitoring performance
7:30 AM - 11:30 AM
• Purpose and objectives
• Actuarial concepts
• Administration
• Manage the money
• Defined benefit pension plans
• Defined contribution and hybrid plans
• Accounting changes
• Market performance
• Legal and legislative developments
• The future of retirement
12:30 PM - 4:30 PM
• Overview of health and welfare programs
• Plan funding
• Plan design
• Administration and financing metrics
• Communication needs and requirements
• Data collection and analysis
• Cost-control initiatives
• Health care reform, legal/legislative developments
7:30 AM - 11:30 AM
• Financial statements
• Internal controls
• Administration
• Documents, records and meeting minutes
• Working with plan professionals
• Communication
• Best practices
