New Handbook Offers Guidance on Complexities of Multiemployer Benefit Plans


November 21, 2011

Contact:
Brenda Hofmann
brendah@ifebp.org
(262) 373-7756

Brookfield, Wisconsin—
Multiemployer trustees have significant fiduciary responsibilities in the management of their benefit plans. Their actions impact the lives of every plan participant and beneficiary. To succeed, trustees must understand the intricacies of plan compliance and be up-to-date on issues such as health care and retirement.

The newly released Trustee Handbook: A Guide to Labor-Management Employee Benefit Plans, Seventh Edition, is an indispensable tool for all multiemployer plan trustees and administrators who are committed to fulfilling their fiduciary responsibilities. The book is also a helpful guide to any professional providers who work with multiemployer plans.

More than 40 industry experts contributed to the newly revised handbook with 56 chapters covering essential topics such as:

  • Fiduciary responsibility under ERISA
  • Health care benefits
  • Retirement benefits
  • Investment management
  • Administration
  • Apprenticeship and training programs.

“The Trustee Handbook is an invaluable source of information, analysis and strategic planning that will help trustees to effectively carry-out their responsibilities in an increasingly complex and often confusing regulatory environment,” explains George R. Laufenberg, CEBS, Administrative Manager, New Jersey Carpenters Funds.

The Trustee Handbook is an ideal resource for anyone involved with multiemployer benefit plans including trustees, administrators and professional advisors. The in-depth guide explains complex government regulations, defines unfamiliar terminology and presents best practices in multiemployer plan administration.

The new edition has been revised and updated to include essential fiduciary information without the legalese. It includes practical tips and checklists, sample materials and short summaries of important legal decisions concerning the management of pension, and health and welfare benefit plans. Purchasers have access to a web site that will provide updates as new issues appear and changes occur.

“Every responsible trustee should buy the Trustee Handbook. The information contained within the handbook will help you make informed, intelligent and prudent decisions that will best benefit your plan participants and fulfill your fiduciary responsibilities. You will come to consider it your operating manual for life as a trustee,” states Peter F. Castellarin, Chief Executive Officer, M&O Insulation Company.

The 443-page book is priced at $87 ($65 for Foundation members). Item #7068. Bulk prices are available. To order the book visit www.ifebp.org/trusteehandbook or contact the Foundation Bookstore at bookstore@ifebp.org or (888) 334-3327, option 4.

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The International Foundation of Employee Benefit Plans is a non-profit organization, dedicated to being a leading objective and independent global source of employee benefits, compensation, and financial literacy education and information. For additional information, visit www.ifebp.org.

*Note—A complimentary review copy of Trustee Handbook: A Guide to Labor-Management Employee Benefit Plans is available for credentialed media upon request.