How are plan funds invested?
The trustees have, as required by the trust document, established an investment policy that is then used by them to invest plan assets. Investment results are monitored from time to time and new investment decisions are made as appropriate. The trustees, as fiduciaries under ERISA (see below), are subject to various stringent requirements concerning investments that are permitted by the trust. • Question- How Do Investment Results Affect My Benefits? Answer- All investment earnings, less expenses, increase aggregate plan assets available to pay plan benefits. Good investment results enhance the plan’s funded status, increase the trustees’ ability to declare maximum monthly benefits each year and reduce the need to increase contribution levels. Investment results are never credited to individual participants. • Question- Who Are the Trustees? Answer- The trustees, who are responsible for administering the plan and trust, are elected by the MBPOA membership in accordance with the By-laws
Related Questions
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- How can I get information about Fidelity Electronic Funds Transfer transactions in brokerage and college savings plan accounts?
- How are the funds in the Plan invested?
