Advanced Trust Management Standards (ATMS®) Session A

Legal - Group 2

Group 1 and Group 2 will use the same session materials. Testable readings for the Legal content will be included at the end of the slides posted for this module and will be available in the test environment.

• Understand sources of law applicable to trusts—constitutional, legislative and common law.
• Identify problems and issues when legal duties conflict.
• Understand Pension Benefits Standards Act (PBSA) and the application to modern plan governance.
• Recognize potential legal problems resulting from trustee decisions (cases).
• Apply modern governance and best practice principles to identify risks and propose actions to address.

Legal - Group 1

Group 1 and Group 2 will use the same session materials. Testable readings for the Legal content will be included at the end of the slides posted for this module and will be available in the test environment.

• Understand sources of law applicable to trusts—constitutional, legislative and common law.
• Identify problems and issues when legal duties conflict.
• Understand Pension Benefits Standards Act (PBSA) and the application to modern plan governance.
• Recognize potential legal problems resulting from trustee decisions (cases).
• Apply modern governance and best practice principles to identify risks and propose actions to address.

Administration - Group 2

Group 1 and Group 2 will use the same session materials. Testable readings for the Administration content will be included at the end of the slides posted for this module and will be available in the test environment.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Administration - Group 1

Group 1 and Group 2 will use the same session materials. Testable readings for the Administration content will be included at the end of the slides posted for this module and will be available in the test environment.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Administration (continued) - Group 2

Administration (continued) - Group 1

Case Study—Health and Welfare - Group 2

Case Study—Pension - Group 2

Case Study—Health and Welfare - Group 1

Case Study—Pension - Group 1