Overview of 401k Turnaround Capabilities

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This 9 page powerpoint provides a high level introduction of the services provided to clients of 401k Turnaround.

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  • Since you’re a member of the Coach program I believe you are comfortable discussing these tools. As Charlie would tell you we also have examples of all the tools discussed here in the event we hit a hot button we can go there. For example we may get into the fiduciary shield issue and discuss RPAG’s 10 step process in evaluating funds and how it lines up with the investment policy. Participant meetings/education also get’s more attention than one would suspect. Don’t assume current provider/advisor is doing anything here.
  • Overview of 401k Turnaround Capabilities

    1. 1. Our Mission: To Create Successful Retirement Plan Experiences for Plan Sponsors and Their Participants. Our Commitment: To Deliver Significant Resources with Focused Solutions for: SAMPLE TAPE, CO.
    2. 2. Significant Resources
    3. 3. Successful Retirement Plan Experiences Our Consulting and Advisory Services Client and Plan Participant Outcomes Top-Tier Investment Options Benchmarking Analysis Provider Committed to Servicing your Plan Investment Due Diligence Education & Advice Beneficial Preparations for Retirement Meetings & Documentation Protected as a Plan Fiduciary Business Model
    4. 4. The 401(k) Coach ® Retirement Solution <ul><li>BENEFITS </li></ul><ul><li>Greater employee satisfaction and participation </li></ul><ul><li>Delegated fiduciary plan requirements </li></ul><ul><li>Reduced plan anxiety </li></ul><ul><li>State-of-the-art processes </li></ul><ul><li>Out-sourced HR functionality </li></ul><ul><li>Educational and financial planning services provided by an independent registered investment adviser </li></ul>Six steps to building a stronger retirement plan for your company 1 The Retirement Plan Evaluator™ 2 The Retirement Plan Optimizer™ 3 The Fiduciary Shield™ 4 The RFP Manager™ 5 The Edutainment Experience™ 6 The Wealthcare Monitor™
    5. 5. Overview of Services <ul><li>Plan design and administration review </li></ul><ul><li>Investment management review </li></ul><ul><li>Plan communication and service review </li></ul>The Retirement Plan Evaluator ™ evaluating the current aspects of your plan <ul><li>Understand the plan’s objectives </li></ul><ul><li>Analysis and recommendations </li></ul>The Retirement Plan Optimizer ™ maximizing plan efficiency and success <ul><li>Participant funding analysis </li></ul><ul><li>Wealthcare report cards </li></ul><ul><li>Individual gap analysis and rebalancing </li></ul><ul><li>Individual financial advisory services </li></ul>The Wealthcare Monitor ™ measuring and monitoring success at the plan and participant level <ul><li>Employee communications and disclosures </li></ul><ul><li>Group meetings </li></ul>The Edu-tainment Experience ™ ongoing education with participants for optimal benefits <ul><li>RFP provider analysis and benchmarking </li></ul><ul><li>Provider pricing re-negotiation </li></ul><ul><li>Provider contract review </li></ul>The RFP Manager ™ minimizing total plan costs while maximizing the scope and quality of plan provider services <ul><li>Investment policy statement </li></ul><ul><li>The Scorecard SM System </li></ul><ul><li>ERISA 404(a) and 404(c) guidance </li></ul>The Fiduciary Shield ™ serving as your plan’s fiduciary adviser helping to protect plan sponsors from penalties and litigation How we do it What we do
    6. 6. Enhancement Opportunities Cost Investment Management Compliance Employee Communications Technology Services Recordkeeping 401(k) Plan <ul><li>Hard dollar fees (that are specific amount) - paid by the employer or employees, including participant recordkeeping, compliance, loan administration, hardship and distribution fees </li></ul><ul><li>Soft dollar fees (that are a specific percentage) – generally paid by employees for investment management expenses and to subsidize some or all of the administrative fees </li></ul>Cost <ul><li>All available investment offerings including cash, income, hybrid and equity investments </li></ul><ul><li>Proprietary, sub-advised, retail and index investments </li></ul>Investment Management <ul><li>Plan document </li></ul><ul><li>Summary plan description </li></ul><ul><li>Annual 5500 and pertinent schedules </li></ul><ul><li>ERISA Plan audit (if applicable) </li></ul><ul><li>Discrimination testing </li></ul>Compliance <ul><li>Materials describing plan design and investing </li></ul><ul><li>Enrollment kits </li></ul><ul><li>Payroll stuffers, posters, memos </li></ul><ul><li>Newsletters </li></ul>Employee Communications <ul><li>Services that enhance plan efficiency, productivity, understanding and value </li></ul><ul><li>State-of-the-art technology </li></ul><ul><li>Web-based participant investment tools </li></ul><ul><li>Web-based employer tools </li></ul>Technology Services <ul><li>Participant-level recordkeeping/accounting </li></ul><ul><li>Employee and employer reports </li></ul><ul><li>Tracking investment allocations/changes and contribution changes </li></ul>Recordkeeping Description Component
    7. 7. Fiduciary Considerations The steps under ERISA 404(a) and 404(c) are numerous and complex: this is only an overview. 404(a) Fiduciary Duties Quantitative & Qualitative Fund Analysis Prudently Select Investments Consistently Implement Results Independently Monitor Investments Defray Reasonable Expenses Investment Policy Statement (IPS) Follow Plan Document 404(c) Protection for Participant Investment Decisions Sufficient Investment Information & Education Description of Fees & Expenses 404(c) Policy Statement And Employee Notice Copy of Prospectus Description of Investment Alternatives and Fund Facts Broad Range of Investment Options Voting and Tender Rights (if applicable)
    8. 8. Fiduciary Considerations Advisory Oversight <ul><li>Independent </li></ul><ul><li>Fiduciary Status </li></ul>Fiduciary Assessment <ul><li>Organize </li></ul><ul><li>Formalize </li></ul><ul><li>Implement </li></ul><ul><li>Monitor </li></ul>Plan Design <ul><li>Auto Enrollment </li></ul><ul><li>Auto Increase </li></ul><ul><li>Qualified Default Investment Options </li></ul><ul><li>Safe Harbor Contributions </li></ul>
    9. 9. Proposed Assignment for: SAMPLE TAPE, CO. Initially <ul><li>Detailed Analysis of Alternative Plan Structures </li></ul><ul><li>Detailed Competitive Provider Analysis </li></ul><ul><li>Fiduciary Assessment </li></ul>Ongoing <ul><li>Optimize Value Received from Provider </li></ul><ul><li>Ongoing Compliance/Regulatory Assistance </li></ul><ul><li>Investment Policy Statement </li></ul><ul><li>~Systematic Fiduciary Reviews </li></ul><ul><li>Participant Communication/Education </li></ul>

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