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Employer Panel - Plan Governance

Employer Panel - Plan Governance. How do you do it? April 23, 2013. Family Dollar Stores, Inc. Family Dollar 401(k) Plan. Jonathan Gomes, Manager, Retirement Strategy & Compliance – Plan Sponsor. About Family Dollar.

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Employer Panel - Plan Governance

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  1. Employer Panel - Plan Governance How do you do it? April 23, 2013

  2. Family Dollar Stores, Inc.Family Dollar 401(k) Plan Jonathan Gomes, Manager, Retirement Strategy & Compliance – Plan Sponsor

  3. About Family Dollar • Discount chain of retail stores with approximately 56,000 employees, 7,600 stores in 45 states • Headquartered in Matthews, North Carolina, just outside of Charlotte • Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO

  4. Plan Design 401(k) Plan features: • Pretax contributions • 1% to 75% of pay • Employer Match • 100% immediate vesting • Catch-up contributions • Rollover contributions • 90 day eligibility,no automatic enrollment • 12 Investment options, 5 Risk Base Models (Semi-annual auto-rebalance) • Loan and hardship features • Other plans: • Non-qualified Deferred Compensation Plan • Employee Stock Purchase Plan

  5. Theresa Milazzo, Associate VP, Human Resources Emory University and Emory Healthcare

  6. Emory University and Emory Healthcare Founded in 1836 in Oxford, Georgia (healthcare since 1905) Established in Atlanta by a land grant from Coca-Cola president Asa Candler in 1915 Top 20 university (by U. S. News and World Report) 11 Undergraduate and Graduate schools with 14,200 students $4 billion annual operating budget One of the Southeast's leading health care systems One of the nation's leading research universities - $520 million in research funding in fiscal 2012 27,700 employees

  7. Familiar Faculty His Holiness the Dalai Lama Author Salman Rushdie President Jimmy Carter, Founder of The Carter Center

  8. CNN medical correspondent Sanjay Gupta Familiar Faculty

  9. Other Points of Pride Yerkes National Primate Center – groundbreaking research in neuroscience and infectious disease Michael C. Carlos Museum, Schwartz Performing Arts Center, Lullwater Preserve Leader in global health initiatives Physician support for Grady Hospital, VA Medical Center, and Children’s Healthcare of Atlanta $72 million in charity care in 2012 National champion women’s swimming and diving team for four years Award winning debate team since the 1980s

  10. Emory’s Benefit Plans Two medical plans plus full array of other health and welfare plans Retiree medical plan Courtesy scholarship plan Four 403(b) retirement plans and a grandfathered pension plan for Emory Healthcare Emory University Emory Healthcare The Emory Clinic Wesley Woods, Inc. Three 457(b) deferred compensation plans and various non-qualified plans Three vendors – Fidelity, TIAA-CREF and Vanguard

  11. InvescoSouthern Employee Benefits ConferenceApril 23, 2013

  12. Invesco: We are a leading independent global investment manager Helping Investors Worldwide Achieve Their Financial Objectives • Our global resources include: • $687.7 billion in assets under management around the globe. • Specialized investment teams managing investments across a wide range of asset classes and investment styles. • 750+ investment professionals and 6,000+ employees worldwide. • On-the-ground in 20 countries, serving clients 150+ countries. • 2012 Revenues - $2.9 billion • Our clients benefit from our: • Commitment to investment excellence • Depth of investment capabilities • Organizational strength • Source: Invesco. Client-related data, investment professional and employee data are as of Dec. 31, 2012. Invesco Ltd. assets under management are as of Dec. 31, 2012, and include all assets under advisement, distributed and overseen by Invesco, including those of its affiliates Invesco Distributors, Inc. and Invesco PowerShares Capital Management LLC, which have an agreement with Deutsche Bank to provide certain marketing services for the PowerShares DB products. Invesco PowerShares Capital Management LLC is the sponsor for the PowerShares QQQ and BLDRS products. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and the PowerShares DB Funds. Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products. Invesco Ltd. is not affiliated with ALPS Distributors, Inc. or Deutsche Bank.

  13. US Benefits – Overview

  14. US Benefits – 401(k)

  15. US Benefits

  16. Panel Discussion • Structure • Who makes up your committees? • How many committees and different areas of focus? • Procedure and process? • Budgets • How to pay for plan expenses? • Impact of changing regulations and compliance? • Impact of changing corporate budgets? • Fee Governance • Impact of fee disclosure? • Process followed to comply with fee disclosure? • Going forward?

  17. Panel Discussion • Eligibility • Coverage rules (hours requirement, etc.)? • Documentation • Types of documents? • What to keep on file? • Advisors and Consultants • Areas of focus, specialties and roles? • Selection process?

  18. If the DOL comes knocking? • Now what?

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