2010-320D - Laserfiche WebLink

Home Browse Search

A Manager ' s performance will be evaluated with the assistance of performance measurement consultants on an on-going basis and will be a primary criteria for their retention. XIII . DEFINED CONTRIBUTION AND DEFERRED COMPENSATION PLAN SPECIFICATIONS These provisions relate to the investment of the assets of the Defined Contribution Pension Plan Trust, the Deferred Compensation Plan Trust and the portion of the Other Post- Employment Benefit Plan Trust relating to other post-employment benefit plans that are defined contribution plans . A. Pur ose. The Master Trustees are charged with the overall responsibility to manage the Master Trust Fund assets prudently on behalf of the Participating Employees . The general purpose of this investment policy is to assist the Master Trustees in discharging their responsibility to supervise, monitor and evaluate the investment of the Master Trust Fund assets . The Master Trustees believe this investment policy should be dynamic and should be reviewed periodically . The Master Trustees intend that this policy will not be overly restrictive given changing economic, business and capital market conditions . Therefore , this policy is compiled to ensure : 1 . The Master Trustees define a formal set of investment objectives , guidelines and procedures for the management of the Master Trust Fund assets, subject to the terms of the Plans ' documents and investment advisory agreements entered into by the Managers and the Trustees . 2 . Direct and indirect investment expenses are controlled and reasonable. 3 . The investments of the Master Trust Fund assets are managed in accordance with the fiduciary prudence and due diligence requirements that experienced investment professionals would utilize and with all applicable laws, rules and regulations from various state , local and federal agencies that may impact the Master Trust Fund assets . 4 . If and to the extent permitted by their respective Plans , Participating Employees and Beneficiaries have the ability to invest in a variety of asset classes, thereby gaining exposure to a wide range of investment opportunities . Be Investment Objective . To the extent any Plans provide for participant-directed investments, the Master Trust Fund will make available a range of different diversified investment options that have varying degrees of risk and return . It is anticipated, but not required, that the same investment options be available for each Plan . Investment options offered to Participating Employees and their Beneficiaries shall be approved by the Trustees . To the extent any Plans provide for participant-directed investment, the primary objective of the Master Trust Fund is to offer the Participating Employees and their Beneficiaries a range Page 11 of 19 Revised June 1 , 2007