Active Board and Committee Helps Improve 403b Plan. One of the biggest challenges for HR professionals is engaging senior management in their 403b or 401k plan without which making improvements become very difficult. An HR manager of a not for profit attending a TPSU program held at Cal State, Sacramento is fortunate to have an active Board of Directors and Investment Committee.
But not being experts in a retirement plan, they have lots of questions in what can be a very confusing defined contribution system so they rely on their advisor to guide them on their fees and best plan design. Watch how the HR professional works with her Board and Committee to help their employees to design a better program and avoid issues.
Ideas to bring back to her Board and Committee include conducting a plan health review, creating an investment policy statement and learning more about HSAs as well fiduciary training for the Committee.
To attend a TPSU Program in your area, please visit www.TPSUniversity.com
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