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A Manager's Guide to Strategic Retirement Plan Management

A Manager's Guide to Strategic Retirement Plan Management

Daniel Cassidy

ISBN: 978-0-470-03922-9

May 2006

288 pages



""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.

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

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