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- Wiley
More About This Title Best Practices for Investment Committees
English
An indispensable guide to avoiding the legal and financial pitfalls and of retirement plan investment
While it has always been true that a well-staffed and managed investment committee is key to the success of a corporate retirement plan, in today’s increasingly complex and litigious world it is also a matter of survival. But what constitutes a prudent investment committee selection and operating process? How should a committee be selected and governed? How much reliance should a committee place on outside consultants? Written by an author with extensive, in-the-trenches experience, this book provides complete answers to these and all vital questions concerning the creation, staffing and management of a highly-adept investment committee, along with expert advice and guidance on serving on an investment committee and ensuring that your 401(K) investment program is sound, efficient and in complete compliance.
- Offers expert advice and guidance on how to serve successfully on an investment committee, facilitate effective management, design and implement a robust investment policy and much more
- Packed with sample documents, forms, templates, checklists, diagrams and other valuable, ready-to-use resources
- Features numerous real-world examples drawn from the author’s years of experience as an accredited investment
English
Founded in 1982 and headquartered in Santa Fe, New Mexico, Thornburg Investment Management advises a range of active investment strategies, each offered through multiple vehicles to serve a broad spectrum of client needs worldwide. Our goals are to provide attractive returns through active portfolio management and to help clients reach their long-term financial goals. From short-term fixed income to flexible global equity, we focus on the fundamentals, invest for the long term, and go wherever we see value.
English
FOREWORD vii
INTRODUCTION ix
ABOUT THE AUTHOR xi
CHAPTER 1: Why You Need a 401(k) Investment Committee 1
CHAPTER 2: Forming an Investment Committee 9
CHAPTER 3: Investment Committee Meetings 17
CHAPTER 4: Importance of Investment Policy 25
CHAPTER 5: Complying with Erisa Section 404(c) 31
CHAPTER 6: Selecting, Monitoring and Replacing Investment Managers 37
CHAPTER 7: Employer Stock in the 401(k) Plan 47
CHAPTER 8: Hiring a Pension Consultant 51
CHAPTER 9: Fiduciary Liability Insurance 61
CHAPTER 10: Understanding Investment Expenses & Fees 67
APPENDIX 1: Investment Option Evaluation Form 79
APPENDIX 2: Investment Committee Meeting Minutes 81
APPENDIX 3: Fiduciary Acknowledgment Letter 83
APPENDIX 4: By-laws and Operating Procedures for the Investment Committee 85
APPENDIX 5: Fiduciary Audit Checklist 91
APPENDIX 6: Glossary 95
APPENDIX 7: Resources 107
