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Priv Brief Short


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Priv Brief Short

  1. 1. 10 Dorrance St., Suite 524, Providence, RI 02903 Phone: (401) 272-7070 Facsimile: (401) 331-8964 A Member/Shareholder of Prepared for: Email: 1601 Trapelo Road, Suite 212, Waltham, MA 02451 Phone: (866) 871-9963 Facsimile: (401) 331-8964 Private Briefing Presented By: Meridien Benefits, Inc.
  2. 2. Table of Contents <ul><li>Section One Our Focus </li></ul><ul><li>Section Two Meridien Benefits, Inc </li></ul><ul><li>Section Three Our Services </li></ul><ul><li>Section Four M Financial Group </li></ul><ul><li>Section Five Employee Education & Communication </li></ul><ul><li>Section Six Meridien References </li></ul>©2009: Meridien Benefits, Inc.
  3. 3. Our Focus Section One
  4. 4. Our Focus <ul><li>Non-Qualified Plans </li></ul><ul><li>Meridien Benefits, Inc. is a leader in the conceptual design, financial performance analysis and product negotiation of bank owned life insurance and corporate owned life insurance used as a financial vehicle to fund executive benefit programs and other non-qualified, employer sponsored benefit plans. </li></ul><ul><li>Qualified Plans </li></ul><ul><li>Meridien Financial Group, Inc. is a leading source for qualified, employer sponsored retirement plans. </li></ul><ul><ul><li>Proprietary Process for analyzing and enhancing retirement plan systems. </li></ul></ul><ul><li>Life Disability and Business Insurance </li></ul><ul><li>Corporate Insurance for Businesses to protect Key Employees and Business Interests </li></ul>©2009: Meridien Benefits, Inc.
  5. 5. Meridien Benefits Section Two
  6. 6. Meridien’s Timeline ©2009: Meridien Benefits, Inc. 1975 Meridien founded as operating company for sales and service of life insurance products to corporations and affluent individuals. Meridien co-founded New England Trust Company. In just 10 years assets under management grew to over $1 billion. Sold to First of America (National City Bank). 1980 Pension Services, Inc. founded as wholly-owned subsidiary to provide actuarial, administrative, record-keeping and comparative services for over 500 qualified retirement plans. 1982 Meridien Financial Group, Inc. formed. A FINRA Broker-Dealer focused in asset gathering for 401(k) and other qualified retirement plans. 1990 Firm becomes member of the M Financial Group. 1997 Firm perfects its proprietary process for 401(k) system(s) asset gathering. 2000 Firm’s 401(k), investment assets and insurance assets under management exceeds $500 million. 2005 to present Meridien Benefits is endorsed by SBANE as its 401(k) provider. 2007 Meridien Team is selected by Plan Sponsor Magazine as one of the “Best of the Best” and most successful retirement plan advisers in the nation.
  7. 7. ©2009: Meridien Benefits, Inc. <ul><ul><ul><li>Over 30 years of Qualified Retirement and Executive Benefit plan experience. </li></ul></ul></ul><ul><ul><ul><li>Providing services to over 400 corporate clients. </li></ul></ul></ul><ul><ul><ul><li>Developed proprietary plan provider selection and monitoring process for plan sponsors. </li></ul></ul></ul><ul><ul><ul><li>Custom communications programs for executives and employees, including announcement letters, educational seminars and one-on-one informational meetings. </li></ul></ul></ul><ul><ul><ul><li>Client advocate for plan sponsors. </li></ul></ul></ul><ul><ul><ul><li>Dedicated Design, Installation and Service teams. </li></ul></ul></ul><ul><ul><ul><li>Ongoing Client Relationship Managers. </li></ul></ul></ul><ul><ul><ul><li>Visit us at </li></ul></ul></ul>Meridien Benefits, Inc.
  8. 8. Corporate Structure ©2009: Meridien Benefits, Inc. Marketing Service Support Staff Licensed Marketing Professionals Relationship Managers Support Staff Operations Finance and Information Technology Support Staff Meridien Benefits – Human Resources
  9. 9. Our Services Section Three
  10. 10. ©2009: Meridien Benefits, Inc. <ul><li>Non-Qualified Plan(s) </li></ul><ul><li>Executive Compensation and Benefit Consulting and Analysis </li></ul><ul><li>Supplemental Executive Retirement Plans (SERPs) </li></ul><ul><li>Employee Voluntary Salary Deferrals </li></ul><ul><li>Executive Benefit Swaps </li></ul><ul><li>401(k) Restoration Plans </li></ul><ul><li>Split Dollar Plans/Alternative Loan Method </li></ul><ul><li>COLI - Corporate Owned Life Insurance </li></ul><ul><li>BOLI - Bank Owned Life Insurance </li></ul>Our Services Non-Qualified Plans <ul><li>Qualified Plan(s) </li></ul><ul><li>401(k) </li></ul><ul><li>403(b) </li></ul><ul><li>457 </li></ul><ul><li>Pension </li></ul><ul><li>Profit Sharing </li></ul><ul><li>Prevailing Wage </li></ul>Some of the services that we may provide you include: Retirement-Savings
  11. 11. M Financial Group Section Four
  12. 12. ©2009: Meridien Benefits, Inc. M Financial Group <ul><li>The nation’s most influential buying consortium of employee benefits and insurance services for corporations, highly compensated executives and affluent individuals. </li></ul><ul><li>Premium revenue written by the 100 plus M offices would rank M as the largest carrier in the United States. (Over $1.2 billion in 2008.) </li></ul><ul><li>There are over 100 Member Firms of M Financial Group, carefully selected from among the country’s most successful financial services firms. </li></ul><ul><li>Member supported in-house actuarial department. </li></ul><ul><ul><li>Product analysis. </li></ul></ul><ul><ul><li>Continuing carrier due diligence. </li></ul></ul><ul><ul><li>Proprietary products. </li></ul></ul><ul><ul><li>Private Placement products. </li></ul></ul><ul><li>Member supported software development. </li></ul>
  13. 13. Employee Education & Communication Section Five
  14. 14. Employee Communication Program <ul><li>Meridien will offer a Communication Program </li></ul><ul><ul><li>Design custom announcement letters </li></ul></ul><ul><ul><li>Conduct group enrollment meetings </li></ul></ul><ul><ul><li>Ongoing enrollment meetings (as needed) </li></ul></ul><ul><ul><li>Individual enrollment meetings at each location (as needed) </li></ul></ul><ul><ul><li>Enhanced employee communication/education materials </li></ul></ul><ul><ul><li>Customized enrollment kits </li></ul></ul><ul><ul><li>On-line and phone enrollment services </li></ul></ul><ul><ul><li>(subject to investment system) </li></ul></ul><ul><ul><li>Annual update meetings </li></ul></ul><ul><ul><li>Assist with investment monitoring and benchmarking </li></ul></ul><ul><ul><li>Client Advocacy & Relationship Management </li></ul></ul><ul><ul><li>Asset Allocation Workshops </li></ul></ul>©2009: Meridien Benefits, Inc.
  15. 15. Employee Education Process ©2009: Meridien Benefits, Inc. Step 1 Goals Meeting to determine goals. Step 2 Action Plan Meridien develops custom communication program along with specialist at provider (i.e. dedicated communication Specialist). Custom Group Meeting Presentation Custom Announcement Letter Manager and Key Employee Group Meetings Selection of Employee Enrollment Materials One-on-One Enrollment Meeting Step 3 Ongoing Education <ul><li>Asset Allocation Workshops </li></ul><ul><li>Educational Workshops </li></ul><ul><li>How to Read Statements </li></ul><ul><li>Internet Access Seminars </li></ul>Announcement of any Fund Changes or Enhancements of Investment menu Replacement of Under Performing Funds Personalized assistance for executives Garner Support for New Plan <ul><li>Online and information brochures: i.e. </li></ul><ul><li>Diversification </li></ul><ul><li>Re-balancing </li></ul><ul><li>Understanding Benchmarks </li></ul><ul><li>Investor Risk </li></ul>Ongoing Enrollment Support Group and One-on-One enrollment
  16. 16. Plan Review Process ©2009: Meridien Benefits, Inc. <ul><li>Annual Retirement Plan Review </li></ul><ul><ul><li>Comprehensive review </li></ul></ul><ul><li>Semi-annual (or Annual) Investment Reviews </li></ul><ul><ul><li>Benchmarking investments options </li></ul></ul><ul><ul><ul><li>Fund Performance/Risk </li></ul></ul></ul><ul><ul><ul><li>Style-drifting </li></ul></ul></ul><ul><ul><ul><li>Investment Expenses </li></ul></ul></ul><ul><ul><ul><li>Management changes </li></ul></ul></ul><ul><ul><ul><li>Other </li></ul></ul></ul><ul><ul><li>Fund “Watch-list” </li></ul></ul><ul><li>Comprehensive Analysis & Fiduciary Review (as needed) </li></ul><ul><li>Ongoing enhancements through the Meridien Service Model </li></ul>
  17. 17. Meridien References Section Six
  18. 18. Representative Client List ©2009: Meridien Benefits, Inc. LaFrance Hospitality Co.