{"product_id":"managing-your-firms-401-k-plan-isbn-9780470553008","title":"Managing Your Firm's 401(k) Plan","description":"\u003cp\u003eAn objective resource for managing your firm's 401(k) plan\u003c\/p\u003e \u003cp\u003eWith 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, \u003ci\u003eManaging Your Firm's 401(k) Plan\u003c\/i\u003e offers a guide to designing and managing a 401(k) with a focus on financial, fiduciary, and regulatory standards.\u003c\/p\u003e \u003cp\u003eWhile 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\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eIt was specifically written for professionals involved in 401(k) management\u003c\/li\u003e \u003cli\u003eIt includes regulatory and fiduciary information needed for compliance purposes\u003c\/li\u003e \u003cli\u003eIt was created by experienced experts in the defined contribution plan arena\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eTopics 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.\u003c\/p\u003e  Preface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Importance of the 401(k) Plan.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBaby Boomers Have Reached Retirement Age.\u003c\/p\u003e \u003cp\u003ePeople are Spending More Years in Retirement.\u003c\/p\u003e \u003cp\u003eExpenses in Retirement Are Increasing.\u003c\/p\u003e \u003cp\u003eThe Shift from DB to DC.\u003c\/p\u003e \u003cp\u003eSharing Responsibility.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Role of the Employer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Do Employers Sponsor 401(k) Plans?\u003c\/p\u003e \u003cp\u003eWhat Roles Do Employers Play?\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Measuring Retirement Readiness.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReplacement Ratios.\u003c\/p\u003e \u003cp\u003eImproving Retirement Readiness.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Establishing a 401(k) Plan.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow a 401k) Plan Works.\u003c\/p\u003e \u003cp\u003eEstablishing Plan Objectives.\u003c\/p\u003e \u003cp\u003eBenchmarking Plan Design Features.\u003c\/p\u003e \u003cp\u003ePlan Setup.\u003c\/p\u003e \u003cp\u003eSegregation of Plan Assets.\u003c\/p\u003e \u003cp\u003eUsing Plan Assets to Pay Expenses.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Plan Governance and Fiduciary Issues.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho Is a Plan Fiduciary?\u003c\/p\u003e \u003cp\u003eBasic Fiduciary Duties.\u003c\/p\u003e \u003cp\u003eAllocating or Delegating Fiduciary Responsibility.\u003c\/p\u003e \u003cp\u003eThe Prohibited Transactions Rule.\u003c\/p\u003e \u003cp\u003eExemptions from Prohibited Transaction Rules.\u003c\/p\u003e \u003cp\u003eEstablishing Roles and Responsibilities.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Protecting Yourself as a Fiduciary.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Impact of Enron Litigation.\u003c\/p\u003e \u003cp\u003eConsequences of a Breach of Fiduciary Duty.\u003c\/p\u003e \u003cp\u003eThe Voluntary Fiduciary Correction Program (VFCP).\u003c\/p\u003e \u003cp\u003eFidelity Bonds vs. Fiduciary Liability Insurance.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Establishing and Managing Plan Investments.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Investment Policy Statement for a Participant-Directed Plan.\u003c\/p\u003e \u003cp\u003eThe Investment Menu.\u003c\/p\u003e \u003cp\u003ePre-Diversified Portfolios.\u003c\/p\u003e \u003cp\u003ePortfolio Construction.\u003c\/p\u003e \u003cp\u003eSelection of Investments and Managers.\u003c\/p\u003e \u003cp\u003eMonitoring Investments.\u003c\/p\u003e \u003cp\u003eComplying with Section 404(c).\u003c\/p\u003e \u003cp\u003eEmployer Stock in 401(k) Plans.\u003c\/p\u003e \u003cp\u003eDefault Investment Option and Mapping.\u003c\/p\u003e \u003cp\u003eAdvice and Education for Plan Participants.\u003c\/p\u003e \u003cp\u003eBrokerage Accounts and Mutual Fund Windows.\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Managing Your Plan's Operations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonitoring Your Service Provider.\u003c\/p\u003e \u003cp\u003eVendor Services.\u003c\/p\u003e \u003cp\u003eCollecting and Using Vendor Metrics.\u003c\/p\u003e \u003cp\u003eService Agreements and Standards.\u003c\/p\u003e \u003cp\u003eOperational Compliance.\u003c\/p\u003e \u003cp\u003eRegulatory Compliance.\u003c\/p\u003e \u003cp\u003eChanging Recordkeepers.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Design and Management of Distribution Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVesting Rules.\u003c\/p\u003e \u003cp\u003eDistributable Events.\u003c\/p\u003e \u003cp\u003eNondiscrimination Testing Failures and Regulatory Limitations.\u003c\/p\u003e \u003cp\u003eForms of Distributions.\u003c\/p\u003e \u003cp\u003eOptional Design Features.\u003c\/p\u003e \u003cp\u003eTaxation Considerations.\u003c\/p\u003e \u003cp\u003eMiscellaneous.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: How Business Transactions Affect 401(k) Plans.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy It Matters.\u003c\/p\u003e \u003cp\u003eBusiness Mergers and Acquisitions.\u003c\/p\u003e \u003cp\u003eDivestitures and Downsizing.\u003c\/p\u003e \u003cp\u003eOptions for Distressed Organizations.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Financial Communication and Education for Participants.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Do You Offer a 401(K) Plan?\u003c\/p\u003e \u003cp\u003eCommunication Strategy.\u003c\/p\u003e \u003cp\u003eThe Implementation Plan.\u003c\/p\u003e \u003cp\u003eBranding your Program.\u003c\/p\u003e \u003cp\u003eManaging Vendor Communications.\u003c\/p\u003e \u003cp\u003eThree Times…Three Ways.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Helping Participants Manage Their Retirement Income.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn Plan or Out?\u003c\/p\u003e \u003cp\u003eRisks of Managing Retirement Income.\u003c\/p\u003e \u003cp\u003eRetirement Income Product Types.\u003c\/p\u003e \u003cp\u003eAdditional Product Features.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \u003cp\u003eMATT 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 \u0026amp; Investments.\u003c\/p\u003e  \u003cp\u003ePraise for Managing Your Firm's 401(k) Plan\u003c\/p\u003e \u003cp\u003e\"Managing Your Firm's 401(k) Plan provides an excellent source of information on 401(k) plan administration that both retirement specialists and human resources generalists will find extremely valuable. This book will prove to be an indispensible resource in any HR department library.\"\u003c\/p\u003e \u003cp\u003e—E.W. Lee Achord, CEBS, Vice President, Talent Management \u0026amp; Benefits Administration, Wackenhut\u003c\/p\u003e \u003cp\u003e401(k) plans hold trillions of dollars of retirement wealth in America. What started as a way to save a little extra money for retirement has now turned into a critical source of security for millions of people. This field has become a serious business, especially for the thousands of corporate officers and finance and human resource professionals that are relied upon to effectively design or manage their firm's 401(k) plan.\u003c\/p\u003e \u003cp\u003eWritten to assist finance and benefit professionals in becoming better informed consumers of plan services as well as empowered managers of their firm's 401(k) plans, this reliable resource puts the operation, oversight, and management of 401(k) plans in perspective, and focuses on the financial, fiduciary, and regulatory issues associated with it.\u003c\/p\u003e \u003cp\u003eFilled with in-depth insights and expert advice, Managing Your Firm's 401(k) Plan offers unparalleled guidance on establishing effective governance practices, avoiding simple compliance errors, and maximizing plan design. Along the way, it also answers important questions, including what is your role in helping employees reach a secure retirement and what types of risks are you assuming?\u003c\/p\u003e \u003cp\u003eAccessible and informative, Managing Your Firm's 401(k) Plan presents an objective overview of this vehicle and offers practical insights on its role in today's organization.\u003c\/p\u003e \u003cp\u003eManaging a 401(k) plan is not an easy task, yet each year, thousands of corporate officers and finance and human resource professionals are relied upon to effectively design or manage their firm's 401(k) plan. In this role, the decisions they make will have a meaningful effect on the retirement wealth of their co-workers.\u003c\/p\u003e \u003cp\u003eNobody understands this better than Matt Smith, and now, with Managing Your Firm's 401(k) Plan, he focuses on the financial, fiduciary, and regulatory issues associated with 401(k) plans to help finance and benefit professionals become better informed consumers of plan services as well as empowered managers of their firm's 401(k) plans.\u003c\/p\u003e \u003cp\u003eIn addition to this information, Smith and his expert contributors at Aon Consulting help you answer fundamental questions such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhat is your role in helping employees reach a secure retirement?\u003c\/li\u003e \u003cli\u003eHow does your plan design affect participant decision?\u003c\/li\u003e \u003cli\u003eWhat kinds of risks are you assuming?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOther issues addressed along the way include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe employer's role in the 401(k) plan\u003c\/li\u003e \u003cli\u003eEstablishing 401(k) plan governance\u003c\/li\u003e \u003cli\u003eManaging the 401(k) plan's investment menu\u003c\/li\u003e \u003cli\u003eMonitoring record keeper performance\u003c\/li\u003e \u003cli\u003eCommunicating a 401(k) plan effectively with employees\u003c\/li\u003e \u003cli\u003eHelping participants manage their retirement income\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile there are plenty of books on 401(k) plans written for individual investors, there are very few resources for professionals involved in 401(k) management, operation, or oversight. This book fills that void by helping you excel in plan design, establish effective governance practices, and avoid simple compliance errors.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989569552613,"sku":"NP9780470553008","price":85.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470553008.jpg?v=1761784637","url":"https:\/\/k12savings.com\/es\/products\/managing-your-firms-401-k-plan-isbn-9780470553008","provider":"K12savings","version":"1.0","type":"link"}