What is IFLC's definition of a pension plan?
Any organization that sponsors a retirement plan qualified under the Employee Retirement Income Security Act ("ERISA") or any retirement plan sponsored by a municipal or state government for public employees is an IFLC defined pension plan.
Who are members of IFLC's Pension Plan Community?
Only persons who are directors, executives, or business unit managers of organizations that sponsor pension plans may join IFLC's Pension Plan Community. There is no minimum requirement for the value of assets held in pension plans that desire membership in IFLC. Pension plans are not required to be certified prior to admission to IFLC.
What are the benefits of membership in IFLC's Pension Plan Community?
IFLC Community Link
Members may participate as frequently as daily in a Web-enabled content rich network that fosters interaction with their peers. IFLC Community Link is a great way to find out how other members solve common fiduciary issues. It is member driven with message postings that contain subject matter drawn from a pension plan sponsor's perspective. It fosters community and enhances competency. Pension plans of all sizes benefit from this practical on demand tool.
Fiduciary Fitness Rankings™ of Service Providers
Ever wonder how service providers such as investment firms, third party administrators, custodians, and trustees that serve pension plans stack up against authentic fiduciary support standards? IFLC does it for you. IFLC develops scores on thousands of such service providers with continual updates. Help meet your duty under ERISA to monitor your service providers with Fiduciary Fitness Rankings. It makes it easier to be a fiduciary!
GetSMART™ Fiduciary Training
Stewardship Methods and Responsibility Training is the SMART in GetSMART. The U.S. Department of Labor believes the lack of properly trained people who serve as fiduciaries is a major problem. GetSMART solves it. Thorough, interactive, and fun, GetSMART makes fiduciaries more competent and comfortable in their role. Web-enabled and self-paced, it makes training easy. It comes with a certificate of completion.
Fiduciary Roundtable™
Led by an industry expert, Fiduciary Roundtables are periodic on location events that represent an opportunity for pension plan sponsors to share ideas and experiences with one another on key topics in nearby locations.
Annual Conference
IFLC's members assemble each year in order hear from leaders in the plan sponsor community. Session topics embrace each of the four fiduciary disciplines which include Administration, Governance, Controls and Practices, and Investments.
How does IFLC maintain the confidentiality of its Pension Plan Community
Names, addresses, and/or telephone numbers are not released to anyone without the expressed permission of the member. No roster or membership lists are published by IFLC on its website or elsewhere.
Key Features of IFLC Membership for Pension Plans
- On demand peer interaction through Community Link
- IFLC Power Scores of service providers
- Online fiduciary training with GetSMART
- Regional Fiduciary Roundtable events
- Annual conference
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