403(b) Committee

 

Membership:

Chair - CFO and Vice President of Operations	Andrea Dooley
Associate Vice President for Finance/Controller	Kyle Teeter
AVP and Chief Human Resources Officer	Helen Howell
HR Generalist and Benefits Manager	Matt Cook
CAS Faculty	Clifford Bekar
LAW Faculty	Jack Bogdanski
GRAD Faculty	Amy Rees
Teamsters Union	Amanda Wilson
LCCSSA Union	Chel Pennock

General Purpose:

The 403(b) Committee is a “named fiduciary” and has discretionary authority to administer the Plan in all of its details subject to ERISA and discretionary powers necessary to carry out the terms of the Plan including, but not limited:

• to make and enforce rules for the efficient administration of the Plan;
• to decide which Annuity Contracts and Custodial Accounts will be available for contributions;
• to appoint such agents, counsel, and consultants as it deems necessary to assist in administering the Plan; and,
• to allocate and delegate duties and responsibilities.

Structure:

Quarterly Meetings facilitated by Multnomah Group, Retirement Plan Consultant to the plan.

Examples of key functions performed:

• Reviews plan performance
• Assesses investment selection to ensure a well-diversified investment selections with a variety of risk tolerance levels
• Monitors investment performance and adds, modifies, or removes investments when warranted
• Oversees plan costs

Reports and Updates:

• 403(b) Committee RC/RCP Conversion