Book Provides Fiduciaries with Guidance When Choosing Professional Advisors
BROOKFIELD, WI, December 17, 2007 -- Trustees and plan sponsors need advisors to help in the administration and maintenance of employee benefit plans. These professional advisors have a huge role in the decisions made for the fund and must be selected with the greatest of care. The new book,
Fiduciaries and Their Professional Advisors, explains what disciplines are needed, where they can be found and how trustees can make sure their advisors are doing a good job.
Fiduciaries and Their Professional Advisors, published by the International Foundation of Employee Benefit Plans, is edited by Donald A. Walters and written by 17 experts in the field. Walters' career in employee benefits spanned more than 50 years from its origin as a group pension trainee and then manager with Connecticut General Life, to its culmination as founder and president of Benefits Corporation of America, a Connecticut-based employee benefits consulting firm.
It covers a variety of topics essential to a fiduciary’s work, whether for a multiemployer fund or a single employer fund. The 15 chapters cover:
- Defining Plan Fiduciaries
- Benefits Consultant
- Administrator
- Legal Counsel
- Actuary
- Accountant
- Investment Consultant
- Investment Manager
- Custodian
- Fiduciary Insurance
- Dental Provider
- Pharmacy Manager/Consultant
- Communications
- Arbitration of Benefit Disputes
- Evaluating, Selecting and Monitoring Professional Advisors
"This book is a must-have for fiduciaries who want to ensure that they are acting in the best interest of their fund," said Dee Birschel, Senior Director, Publications at the International Foundation. "It provides the essential information that fiduciaries need to select professional advisors and reminds trustees that there is no substitute for good judgment and common sense."
To purchase Fiduciaries and Their Professional Advisors, visit www.ifebp.org/books.asp?6382, or contact the Publications Department at (888) 334-3327, option 4; or bookstore@ifebp.org. The book is 204 pages and costs $59 (I.F. Members $44) plus shipping and handling. It is available in print, CD-ROM and e-book formats. Item #6382.
About the International Foundation of Employee Benefit Plans
The International Foundation of Employee Benefit Plans is a nonprofit educational association serving the employee benefits and compensation industry. Total membership includes more than 35,000 individuals representing over 8,300 trust funds, corporations, public employee groups and professional advisory firms in the United States and Canada.
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