Pursuant to the authority contained in Section 512 of the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. 1142, the Working Group assigned by the Advisory Council on Employee Welfare and Pension Benefit Plans to study the issues of hard to value assets and target date funds will hold an open public meeting on July 15, 2008.
The session will take place in C5515, Room 4, U.S. Department of Labor, 200 Constitution Avenue, NW., Washington, DC 20210. The purpose of the open meeting, which will run from 9 a.m. to approximately 5 p.m., with a one hour break for lunch, is for Working Group members to hear testimony from invited witnesses. The Working Group will study potential risks and the roles of fiduciaries, trustees, investment managers, accountants/auditors and participants when employee benefit plans invest in hard to value assets, a review of regulatory policy involving assets for which there is not a generally recognized market, and challenges and risks associated with plans' use of Target Date Funds.
Organizations or members of the public wishing to submit a written statement pertaining to the topic may do so by submitting 25 copies on or before July 9, 2008 to Larry Good, Executive Secretary, ERISA Advisory Council, U.S. Department of Labor, Suite N-5623, 200 Constitution Avenue, NW., Washington, DC 20210. Statements also may be submitted electronically to firstname.lastname@example.org. Statements received on or before July 9 will be included in the record of the meeting. Individuals or representatives of organizations wishing to address the Working Group should forward their requests to the Executive Secretary or telephone (202) 693-8668. Oral presentations will be limited to 20 minutes, time permitting, but an extended statement may be submitted for the record. Individuals with disabilities, who need special accommodations, should contact Larry Good by July 9 at the address indicated. All individuals who plan to attend the meeting should contact Larry Good by July 14 to expedite building access.Start Signature
Signed at Washington, DC this 24th day of June, 2008.
Bradford P. Campbell,
Assistant Secretary, Employee Benefits Security Administration.
[FR Doc. E8-14702 Filed 6-27-08; 8:45 am]
BILLING CODE 4510-29-P