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New Trustees Institute - Level I: Core Concepts

Monday, June 24 - Thursday, June 27, 2024

Las Vegas, NV

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