Benefit Fund Trustees
Professional Trustees
MGI offers employers a unique expertise in employee benefit fund matters. MGI professionals often serve directly as management appointed professional trustees on multiemployer pension, health and welfare, vacation, training, and other Taft-Hartley trust funds. A professional trustee brings a level of experience and expertise to the trust that supports all trustees and fund professionals in fulfilling their duties. Information about the fund's financial position, recent or pending plan changes, potential risks or concerns, and opportunities for positive change are communicated to the appointing authority (i.e. the employer or employer association) on a regular basis, typically at board of directors or membership meetings in person or via a written report.
Trustee Advisors
MGI also serves clients by acting as an advisor to management trustees on employee benefit funds. A trustee advisor may attend fund meetings regularly or upon special request --the client directs the advisor's level of service. If the client desires a high level of service, the advisor might function similarly to a non-voting trustee by attending all trust meetings, actively working with the trustees on fund issues, and providing detailed reports to the appointing employer(s). If the client requires support regarding a single issue only, the advisor might consult privately with the management trustee(s) and/or the contributing employer(s) and advise them as necessary to resolve the issue.
Counsel to Contributing Employers
MGI provides counsel to employers and employer associations about benefit plan issues to help employers better understand and better manage their responsibilities and exposures to the plans. MGI professionals regularly field questions about subjects such as the collective bargaining agreement vs. the plan trust document, plan mergers and other changes, and defined benefit pension plan withdrawal liability in this capacity.