New Clients

The board of trustees of the employee benefit plans of this firm hired IFS to assist them in evaluating the plans' multi billion dollar 401k investment programs. The investment program is sophisticated, including a variety of "alternative investments" as options available to plan participants.

The investment committee of this public company's 401k plan hired IFS on an ongoing basis to act as an independent fiduciary regarding employer stock in the plan. In that role, IFS is responsible for determining whether to continue offering employer stock as an investment option and for communications with participants regarding that stock.

The investment committee of the 401k plan of a large, publicly traded utility recently hired IFS to analyze and recommend enhancements to its investment procedures for evaluating the continued suitability of offering employer stock as an investment option. In addition to this baseline study of how the current procedures compare to "best practices," IFS will have an ongoing advisory role concerning the employer stock investment option.

IFS recently added several Clients for Operational Reviews or Other Projects:

• Oregon Department of Treasury
• Sheet Metal Workers National Pension Fund
• Oregon Department of Treasury
• Utah Carpenters and Cement Masons

IFS recently began several fiduciary transactional assignments and other projects:

• Wilmington Trust
• Utah Carpenters and Cement Masons
• NYSUT Member Benefits Trust
• Krispy Kreme Donuts defined contribution plans
• World Kitchen Incorporated 401k Plan

IFS recently added several Clients for Operational Reviews:

• Oregon Department of Treasury
• Sheet Metal Workers National Pension Fund
• Utah Carpenters

IFS recently began several fiduciary transactional assignments:

• Wilmington Trust
• Utah Carpenters

The State Board of Administration of Florida hired IFS to formulate a questionnaire for candidates seeking to act as the Board's investment consultant, regarding actual or potential conflicts of interest.

The Funds hired IFS as their ongoing investment consultant. IFS had previously completed an Operational Review and made recommendations regarding possible changes to each Fund's asset allocation, investment policy statement and investment managers.

The Funds hired IFS as their ongoing investment consultant. IFS is also the consultant to two other national funds-one a pension fund, the other a health and welfare fund-jointly sponsored by the Retail, Wholesale and Department Store Union and contributing employers.