Senior Vice President
MELLON FINANCIAL
Pittsburgh, Pennsylvania
Stanley Koepke
Senior Counsel
MELLON BANK, NA
Pittsburgh, Pennsylvania
DOL Field Assistance Bulletin 2004-3 provided landmark guidance for
Directed Trustees. In this session, you will learn how one large bank
manages risks associated with directed trustee accounts in light of
this significant issuance. This presentation will address:
Account Acceptance - How has the bank's pre-acceptance process
changed? In general, and for plans that offer company stock? What
additional steps are taken when the stock is closely held?
Documentation - Some banks were not obtaining plan documents
before the FAB. What is your current position on this and what kind of
changes did this entail?
What is your position on doing internal analyses?
The FAB also refers to the limited circumstance where publicly
available documents such as 8-K's, bankruptcy filings or similar call
into question a company's viability - when would you review these
documents?
