Advanced Trust Management Standards (ATMS®) Session A

Legal

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

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• 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)

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• 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.

Case Study—Health and Welfare

Attendees will select their case study at the time of registration and will receive the case study by email 2-4 weeks ahead of class to review in advance and discuss in breakout groups on the second day of class.

Case Study—Pension

Attendees will select their case study at the time of registration and will receive the case study by email 2-4 weeks ahead of class to review in advance and discuss in breakout groups on the second day of class.