Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Key Considerations with Alternative Investments for Pension Plans (PDF)
McDermott Will & Emery Nov. 16, 2018 16 presentation slides. "Problems if a fund holds ERISA plan assets: [1] Manager of fund typically must be appointed 'investment manager' under ERISA and acknowledge its status as a fiduciary; [2] ERISA fiduciary standard of conduct/'highest standard under law'; [3] Risk of prohibited transactions and excise taxes; [4] Personal liability of plan fiduciary/co-fiduciary liability; [5] Manager's conflict of interest problems; [6] Performance fees raise conflict and self-dealing issues; [7] Fidelity bond for ERISA fiduciaries; [8] 'Indicia of Ownership' of plan assets must be in the United States." |
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