New Trustees Institute — Level I: Core Concepts

International Foundation of Employee Benefit Plans

How long?

  • 3 days
  • in person

What are the topics?

International Foundation of Employee Benefit Plans

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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 also ideal for collective bargaining personnel and others who work with trustees and would like a better understanding of their role and responsibilities.

About the course

As a track of the Trustees and Administrators Institute, the New Trustees Institute 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.

As the first step in the trustee education path, trustees will obtain a basic understanding of their fiduciary responsibility, the legal environment, best practices and current issues in the benefits industry.

Legal/Legislative

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

Investments

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

Health Care

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

Retirement

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

Governance/Administration

  • 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 audit

Videos and materials

New Trustees Institute — Level I: Core Concepts at International Foundation of Employee Benefit Plans

From  $2,180
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Disclaimer

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Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

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