Managing Your Firm's 401(k) Plan: A Complete Roadmap to Managing Today's Retirement Plans

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John Wiley & Sons, Jul 16, 2010 - Business & Economics - 240 pages
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An objective resource for managing your firm's 401(k) plan

With the recent uncertainty in the economy and financial markets, 401(k) plans are now under more scrutiny than ever. Written for finance and benefit professionals who are responsible for the management, operations, or oversight of their company's 401(k) plan, Managing Your Firm's 401(k) Plan offers a guide to designing and managing a 401(k) with a focus on financial, fiduciary, and regulatory standards.

While there are plenty of books on 401(k) plans written for the individual investor, there are very few resources for professionals involved in 401(k) management. This book effectively fills that void

  • It was specifically written for professionals involved in 401(k) management
  • It includes regulatory and fiduciary information needed for compliance purposes
  • It was created by experienced experts in the defined contribution plan arena

Topics covered throughout this insightful guide include measuring retirement readiness, establishing plan governance, managing the plan's investment menu, monitoring record keeper performance, communicating effectively with employees, helping participants manage their retirement income, and much more.

 

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Contents

Contents
v
Preface
ix
Acknowledgments
xiii
Chapter 1 The Importance of the 401k Plan
1
Chapter 2 The Role of the Employer
12
Chapter 3 Measuring Retirement Readiness
22
Chapter 4 Establishing a 401k Plan
35
Chapter 5 Plan Governance and Fiduciary Issues
45
Chapter 7 Establishing and Managing Plan Investments
85
Chapter 8 Managing Your Plans Operations
113
Chapter 9 Design and Management of Distribution Options
143
Chapter 10 How Business Transactions Affect 401k Plans
166
Chapter 11 Financial Communication and Education for Participants
196
Chapter 12 Helping Participants Manage Their Retirement Income
208
Notes
223
Index
235

Chapter 6 Protecting Plan Fiduciaries
72

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About the author (2010)

MATT SMITH is Senior Vice President, National Defined Contribution Practice Leader, for Aon Consulting in the United States. Prior to his role at Aon, he was managing director of retirement services for Russell Investments. Smith has been involved with the design, implementation, administration, and asset management of defined contribution plans for over twenty-five years. He has written and spoken widely on topics involving defined contribution plans. Smith has been quoted by numerous trade and professional publications, including PlanSponsor, Employee Benefit News, and Pension & Investments.

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