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International Foundation of Employee Benefit Plans

New Trustees Institute — Core Concepts

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Oct 19—21, 2019
3 days
San Francisco, CA, USA
USD 2145
USD 715 per day

How it works


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As a track of the Trustees and Administrators Institute, the New Trustees Institute—Level I: Core Concepts focuses on your role as a trustee, your understanding of the key issues in managing your pension and health and welfare funds, and the complex environment of benefits.

The New Trustee Institute — Level I is the first step in the trustee education path, where trustees will obtain a basic understanding of their fiduciary responsibility, the legal environment, best practices and current issues in the benefits industry.

Topics Include

Trustee Responsibility and Legal Environment

  • Legal and legislative framework
  • Two-hat structure
  • Governing documents
  • Key governmental agencies
  • Required communication
  • Fiduciary and co-fiduciary obligations
  • Duty to monitor fees
  • Liability Insurance

Investing Health and Welfare and Pension Assets

  • Terminology
  • Modern portfolio theory
  • Asset allocation
  • Asset classes
  • Investment policies
  • Institutional vs. individual portfolios
  • Investment managers

Overview of Health and Welfare Plans

  • Terminology
  • Funding and resources
  • Prescription drugs
  • Legal framework
  • ACA
  • Basic health care financial information
  • Plan types
  • Legislative and regulatory requirements


  • How to be a good trustee
  • Trustee meetings/agendas, minutes
  • Working with professionals
  • Trustee orientation
  • Financial statements
  • Dealing with two-hat dilemma
  • Role of your administrator
  • Payroll audits

Overview of Retirement Plans

  • Terminology
  • Defined benefit plans
  • Defined contribution plans
  • Pension reform legislation
  • Role of the actuary
  • Funding methods
  • Assumptions
  • Plan design (traditional)
  • Administration

Benefits of Attending

  • Learn from industry experts about the current state of affairs and latest reform initiatives—Be prepared for what lies ahead.
  • Network with peers who face similar challenges—Learn from their mistakes, benchmark your performance and gather workable ideas and solutions to implement.
  • Bring home helpful resource materials to share with colleagues, from sample documents to checklists and case studies—The value of your attendance will continue long after you’ve left the program.

Who should attend

The New Trustees Institute is designed for trustees who have served for less than two years on ERISA covered plans, or who have not previously attended an International Foundation educational program. The New Trustees Institute is ideal for collective bargaining and other personnel who work with trustees and who would like a better understanding of their role and responsibilities.


Specializations Industry Labor Organizations Multiemployer Benefit Plans Story Lawrence “Larry” R. Beebe, CPA, is Partner at Withum with over 40 years of experience. Larry has carried on both a family legacy and developed his own unique talents, specializing in employee benefit plans, labor...
Peter M. Rosene is a shareholder in Reinhart’s Employee Benefits Practice and Taft-Hartley Group. Peter specializes in all aspects of ERISA plan compliance. He has 37 years of multiemployer benefit experience. Peter’s practice centers on representing trustees/fiduciaries in employee benefit plan...
Mr. Brecht joined Carday Associates in 1995 as the Operations Manager with responsibility for the day-to day management of Carday's main office. In 2001, he was promoted to General Manager. His responsibilities expanded to include budgeting and finance decisions. In 2005 he was named as the Chief...
Robert M. Projansky is a partner in Proskauer’s Employee Benefits & Executive Compensation Group, head of the Health Care Reform Task Force and co-head of the Hiring & Terminations Group. Rob has a broad practice advising both multiemployer and single employer clients on all issues relat...
Mr. Gregory is president of R. Scott Gregory, Inc. (RSGI), an actuarial and consulting firm in Annapolis, Maryland. His consulting career includes service with PriceWaterhouse and Mercer. Mr. Gregory has served a range of plan sponsors including multiemployer plans, corporations and government ag...
Mr. Sandy A. Lincoln serves as the Chief Market Strategist and Portfolio Manager of BMO Asset Management Corp. Mr. Lincoln serves as Portfolio Manager of various funds in the fund complex of BMO Funds. He joined BMO Asset Management Corp in 2008. Mr. Lincoln's investment experience began in 1980....
Mr. Einhorn serves as a trustee of the Pennsylvania Employees Benefit Trust Fund, a trust providing health benefits to 74,000 Commonwealth of Pennsylvania public sector employees and their dependents, and as a trustee of the Teamsters Health and Welfare and Pension Trust Funds of Philadelphia and...
Ms. Shaw is a health benefit consultant in Los Angeles. Most recently she was the associate vice president (AVP) of employer engagement and strategy at City of Hope in Los Angeles, where she is responsible for employer initiatives, including exploration, expansion and development of business oppo...
Professional Designations Fellow, Society of Actuaries Enrolled Actuary, ERISA Member, American Academy of Actuaries Member, Western Pension and Benefits Conference Education BSEd, Mathematics and Chemistry, University of Idaho Current Responsibility Kelly is a principal and consulting act...


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Next dates

Oct 19—21, 2019
3 days
San Francisco, CA, USA
USD 2145
USD 715 per day

How it works

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