trustee Archives - Word on Benefits

Three Trustee Actions During Market Volatility

Jenny Gartman, CEBS

10 Apr 202310 Apr 2023

Recent bank failures and resulting market volatility have captured headlines in recent weeks, and many individual investors reacted quickly. However, when it comes to fulfilling their fiduciary duty in the face of unexpected news, trustees should remain calm to avoid costly investment […]

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Rethinking Gender: How Benefit Plans, Sponsors and Trustees Can—And Must—Adapt

Alyssa Hodder, GBA

15 Mar 202315 Mar 2023

How does the move toward greater diversity, equity and inclusion (DEI) impact benefits plans? It’s a game changer, but there are still hurdles that the group insurance industry needs to overcome. A panel at the International Foundation’s Canadian Health and Wellness Innovations […]

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Trustee Tools for Monitoring and Preventing Fraud

Kathy Bergstrom, CEBS

13 Apr 202221 Apr 2022

Fraud occurs in all types of multiemployer benefit plans, and trustees have a responsibility to prevent and detect fraud as a part of their duty of oversight. In their article “Three Essential Tools for Monitoring and Preventing Fraud” in the March/April issue […]

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Know Your Plan Custodian: What Does a Benefits Plan Custodian Do?

Kathy Bergstrom, CEBS

24 May 202120 May 2021

As the safekeeper of plan assets, custodians are among the service providers that multiemployer benefit plan trustees have a fiduciary duty to monitor. Yet plan custodians are not discussed as often as other service providers—especially those referred to as the A-Team: the […]

Employee Benefits ERISA Multiemployer Regulatory Retirement

The No. 1 Reason Multiemployer Plans Fail a DOL Audit

Julie Stich, CEBS

21 May 2015

Last fall I had the opportunity, along with a few Foundation members, to meet with Ian Dingwall, Chief Accountant for the Department of Labor’s Employee Benefits Security Administration (EBSA). Mr. Dingwall’s team is responsible for making sure employee benefit plans are operating […]