A Manager's Guide to Strategic Retirement Plan Management

by Daniel Cassidy

Overview

"Daniel Cassidy has written a detailed, comprehensive guide for managers to understand and succeed at the ongoing process of managing a company retirement plan. If motivating your employees is important to you as a manager, this book is an essential key to your success."
—Josh Gordon, author of Presentations That Change Minds and Selling 2.0

Written by renowned retirement benefits planning specialist Daniel Cassidy, A Manager's Guide to Strategic Retirement Plan Management focuses on current best practices regarding company-sponsored retirement plans within the United States.

Filled with in-depth insights and expert advice, this valuable guide will aid managers in applying strategic thinking to their retirement plan management activities—whether it be a 401(k) plan, investing in company stock, or a traditional defined benefit plan. It will also help you to view retirement plans in a holistic manner—ever more necessary given the unpredictable economy and recent troubles with companies such as Enron and WorldCom.

Covering everything from administrative issues to financial and legal responsibilities, A Manager's Guide to Strategic Retirement Plan Management will allow you to make the best decisions possible while managing this ongoing process and help you find solutions that best fit your organization's specific needs.

Product Details

ISBN-13:	9780471771739
Publisher:	Wiley
Publication date:	05/19/2006
Pages:	288
Product dimensions:	6.30(w) x 9.35(h) x 1.00(d)

About the Author

DANIEL CASSIDY, FSA, is President of Argus Consulting Ltd (www.arguscl.com) and has more than fifteen years of experience in the consulting field. He partners with plan sponsors to maximize the overall effectiveness of their retirement plans through plan design, asset deployment, outsourcing, financial forecasting, and M&A due diligence. He is also on the faculty at Boston College's Center for Retirement Research and has published articles in Employment Relations Today, Handbook of Business Strategy, Employee Benefit Plan Review, and Employee Benefit News, among others. A renowned specialist in retirement benefits planning, he has spoken widely at both industry conferences and professional society meetings.

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Table of Contents

Acknowledgments vii

Chapter 1 Introduction 1

Chapter 2 The Basics of Retirement Plans 5

Chapter 3 Administration 23

Chapter 4 Fiduciary Duty 33

Chapter 5 Financial 49

Chapter 6 Human Resources 79

Chapter 7 How to Hire the Right Consultants 107

Chapter 8 General Trends 119

Chapter 9 Where to Go for Help? 141

Appendix A Company ABC—Request for Proposal: 401(k) Savings Plan 147

Appendix B Sample Traditional Request for Proposal 151

Appendix C Sample Defined Contribution Plan Investment Policy Statement 167

Appendix D 401(k) Plan Investment Performance Review 181

Appendix E Replacement Ratio Study: A Measurement Tool for Retirement Planning 203

Appendix F Selecting a Default Fund for a Defined Contribution Plan 233

Appendix G Argus Consulting Ltd NGO Retirement

Plan Survey—2005 Results 255

Appendix H Lessons from Behavioral Finance and the

Autopilot 401(k) Plan 257

Index 275

Editorial Reviews

"The book offers strategic and pragmatic "tell it like it is" advice on a variety of key issues…" (PEF, July 2007)

From the Publisher