Retirement Plans & Benefits
Breakfast of Champions: Managing Executive Benefit Costs, Risks with Innovative Hedging
General Mills’ deferred compensation plan was causing volatility in its income statement. As the notional investments offered to plan participants fluctuated in value, compensation expense was directly impacted. General Mills evaluated the most popular strategies for eliminating this volatility and ultimately implemented a relatively new innovation: a total return swap hedge of its plan liability. Get the details on why this strategy is valuable for managing the risks and costs of deferred compensation plans.
Robert Polansky, Assistant Treasurer, Treasury Operations, General Mills, Inc.
Treasury's Role in Evaluating Target Date Funds
With their investment and financial expertise, treasury and finance practitioners bring a unique perspective in evaluating and understanding the sophisticated investments embedded in modern target date funds. This informative session discusses the factors involved in evaluating a target date fund provider and how investment expertise is critical to evaluating important criteria including performance, volatility, and overall investment quality. Attendees walk away with best practices in conducting a comprehensive target date fund provider RFP search, as well as the primary investment criteria that all treasury and finance professionals should understand.
Marlow Kee, Chief Financial Officer, Simons Foundation