New Trustees Institute - Level I: Core Concepts
Monday, June 24-Wednesday, June 26, 2024
Sessions Include:
7:30 AM - 11:30 AM
Trustee Responsibility and Legal Environment
- 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 Health and Welfare and Pension Assets
- 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
Overview of Retirement Plans
- 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 Plans
- 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
Governance
- Financial statements
- Internal controls
- Administration
- Documents, records and meeting minutes
- Working with plan professionals
- Communication
- Best practices
