This informative one-day seminar will help attendees gain an understanding of how mutual funds can be part of a successful retirement plan. Experienced professionals will provide definitions as well as methods to use this instrument to your advantage.
- Meeting your fiduciary responsibilities
- Understanding plan fees and expenses
- Institutional investors best practices
- Help your participants achieve their retirement goals
- Plan design and administration
- Decisions to make on mutual funds with redemption fees
8:30 a.m. - 9:30 a.m.
I. Definitions And Overview
A. What Is ERISA?
B. What Does ERISA Say About Investment Strategy?
C. Why Should A Plan Sponsor Be Concerned About ERISA?
D. Who Enforces ERISA And What Is The Agency's Enforcement Strategy?
E. ERISA Section 404(c) And It's Protections
F. Who Is A Fiduciary?
G. What Role Is The SEC Playing Within The Retirement Plan Industry?
H. Sarbanes-Oxley Act Of 2002
I. Self Directed Options
II. Types Of Investments
A. Mutual Funds (Advantages And Disadvantages)
B. Asset Allocation Funds
C. Real Estate Funds
D. Variable Annuities
E. Guaranteed Investment Contracts
F. Life Insurance
G. Separately Managed Accounts
H. Commingled Trust Funds/Collective Trusts
I. Individual Brokerage Accounts
J. Index Funds
K. Exchange Traded Funds
L. Employer Stock
9:30 a.m. - 10:30 a.m.
III. Plan Implementation Basics
A. Testing Limits And Contribution Limits
B. Non-Discrimination Testing And Contribution Limits In 401(k) Plans
C. Other Recent 401(k) Changes
D. 401(k) Plan Coverage Rules
E. Plan Design Issues
F. Are You A Fiduciary
G. Fiduciary Liability And 401(k) Plans
H. Investment Issues And Opportunities
I. Correction Of Plan Defects.
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 11:40 a.m.
IV. Solving The 401(k) Dilemma Plan
A. Determine What Are The Total Plan Costs
B. Reduce The Cost Of Investment Options
C. Increase Participant Contributions
D. Increase Plan Participation
E. Lower Their Fiduciary Risk
F. Avoid Exposure To Mutual Funds Scandals
V. Solving The 401(k) Dilemma Plan Participants Dilemma
A. Inadequate Retirement Income
B. Lack Of Investment Knowledge Which Creates Low Returns
C. Low Contribution Rates
D. Lack Of Tools That Help Participants Achieve Their Retirement Goals: Two Questions To Ask
11:40 a.m. - 12:40 p.m.
Lunch (On Your Own)
12:40 p.m. - 1:50 p.m.
VI. Solution Adopt Institutional Investors'
A. Best Practices
1. Asset Allocation Models (Managed Accounts)
2. Choosing Appropriate Investment Options
3. Management Of Fees And Costs
4. Automatically Rebalance Asset Allocation Models
B. Investment Strategy
1. Design Models To Achieve Highest Returns With The Lowest Risk
2. Offering Only Institutional Index Options
3. Institutional Index Options
a. Carry The Lowest Costs
b. Lower The Fiduciary Risk
c. Reduces Total Plan Cost
C. The Prudence Of Passive Investing
1. Financial Markets Are A Zero- Sum Game Which Means That All Passively Managed Money Will Earn The Market Return
2. The Cost Associated With Passive Investing Is Always Lower
3. Passive Funds Are Broadly Diversified, Therefore They Have Lower Risk
4. Passive Funds Do Not Have Style Drift Which Lead To A Fiduciary Risk For The Trustee
5. Passive Funds Are Not Subject To Manager Risk
6. The Logic Of Passive Investing Rests On Elementary Arithmetic
1:50 p.m. - 2:00 p.m.
2:00 p.m. - 4:00 p.m.
VII. Legal Concerns And Implications
A. Fiduciary Duties Under ERISA
B. Conflicts Of Interest And Other Scandals Involving Mutual Funds And
Other Investment Providers
C. ERISA 404(c) And Participant Investment Discretion
D. Plan Expenses
E. Best Practices For Plan Fiduciaries
4:00 p.m. - 4:30 p.m.
VIII. Questions And Answers