How to wait for all threads to finish, using ExecutorService?

I need to execute some amount of tasks 4 at a time, something like this:

ExecutorService taskExecutor = Executors.newFixedThreadPool(4);
while(...) {
    taskExecutor.execute(new MyTask());
}
//...wait for completion somehow

How can I get notified once all of them are complete? For now I can't think about anything better than setting some global task counter and decrease it at the end of every task, then monitor in infinite loop this counter to become 0; or get a list of Futures and in infinite loop monitor isDone for all of them. What are better solutions not involving infinite loops?

Thanks.

Basically on an ExecutorService you call shutdown() and then awaitTermination():

ExecutorService taskExecutor = Executors.newFixedThreadPool(4);
while(...) {
  taskExecutor.execute(new MyTask());
}
taskExecutor.shutdown();
try {
  taskExecutor.awaitTermination(Long.MAX_VALUE, TimeUnit.NANOSECONDS);
} catch (InterruptedException e) {
  ...
}

Stack Overflow Q#1250643, score: 528