Advanced Trust Management Standards (ATMS™) Session A

Legal - Group 1

Please note: Testable readings for the Legal content will be included at the end of the slides posted for this module.

• Understand sources of law applicable to trusts—constitutional, legislative and common law.
• Identify problems and issues when legal duties conflict.
• Understand Pension Benefits Standards Act (PBSA) and the application to modern plan governance.
• Recognize potential legal problems resulting from trustee decisions (cases).
• Apply modern governance and best practice principles to identify risks and propose actions to address.

Legal - Group 2

Please note: Testable readings for the Legal content will be included at the end of the slides posted for this module.

• Understand sources of law applicable to trusts—constitutional, legislative and common law.
• Identify problems and issues when legal duties conflict.
• Understand Pension Benefits Standards Act (PBSA) and the application to modern plan governance.
• Recognize potential legal problems resulting from trustee decisions (cases).
• Apply modern governance and best practice principles to identify risks and propose actions to address.

Administration - Group 1

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Administration - Group 2

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Administration (continued) - Group 1

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Administration (continued) - Group 2

Please note: Testable readings for the Administration content will be included at the end of the slides posted for this module.

• Outline the benefits of sound risk management process.
• Identify major risks trustees face in the current benefits environment, and provide examples of indicators.
• Identify models, best practices, tools and sources of data that help mitigate risks and contribute to a formal risk management plan/process.
• Apply risk management analysis to gain insight into plan risks, and identify actions to mitigate them.
• Explain the significance of competencies and personal bias to effective board process.

Case Study—Health and Welfare - Group 1

Case Study—Pension - Group 1

Case Study—Health and Welfare - Group 2

Case Study—Pension - Group 2