This document provides information about enrolling in a 401(k) retirement plan. It outlines the plan features including eligibility requirements, contribution limits, employer matching, and vesting schedules. It also describes how to enroll by completing enrollment forms, selecting investments, naming beneficiaries, and turning in paperwork. Additional sections discuss the benefits of saving in a 401k plan and accessing account information online.
This is a presentation that I put together while in college to educate other students about 401k's. My intention was to get them to participate in a company 401k if offered at their starting jobs. Originally the presentation had an intro slide show of people moving from college through various stages of life to retirement with the Rolling Stone's "Time is on My Side" playing in the background. Unfortunately, Slideshare doesn't support embedded video and audio, since that was probably my favorite part of the presentation.
This document covers the below things of a client
Goal analysis, Income & Expense Analysis, Retirement Planing, Insurance planning, Future cashflow, Estate planning
This is a presentation that I put together while in college to educate other students about 401k's. My intention was to get them to participate in a company 401k if offered at their starting jobs. Originally the presentation had an intro slide show of people moving from college through various stages of life to retirement with the Rolling Stone's "Time is on My Side" playing in the background. Unfortunately, Slideshare doesn't support embedded video and audio, since that was probably my favorite part of the presentation.
This document covers the below things of a client
Goal analysis, Income & Expense Analysis, Retirement Planing, Insurance planning, Future cashflow, Estate planning
I came across employees who had many queries about their EPF and lacks basic idea which they should have. Idea about EPF can help investment plans as well.
Showcase the perks your company offers to the employees using professionally designed Perquisites PowerPoint Presentation Slides. Present some of the fringe benefits to the employees to encourage them to deliver best of their work. HR managers can get access to this presentation to list down some of the employee benefits they plan to offer. Grab perquisites PPT presentation slideshow to attract and retain talented employees. List down some of the perks such as social security, perks and bonuses, pay raise, employee allowance, paid vacation, health insurance, and more. Download this ready-made perquisites PowerPoint presentation templates to increase the economic security of the staff members and improve the worker retention across the organization. This complete presentation is customizable. You can edit the color, text, icon and font size as per your need. Add or remove the content, if needed. Get access to the perquisites PPT slides to provide some of the employee benefits to the employees. Furnish the data for a factual assessment with our Perquisites Powerpoint Presentation Slides. It helps handle inflated egos.
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
A simple and revolutionary financial plan report that does something simple.Abhinay Gupta
I was searching for a productive and presentable financial plan report on the web and couldn't find a single. All the sample financial plan that I have seen are either number crunches or complicated. Clients don't like it. It sucks! SO, here's a simple and revolutionary financial plan report that does something simple.It helps clients in understanding its personal finance and increases engagement.The report is simple, meaningful and free of data crunches. I feel this will change the way people look at their personal finance.
Loan EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India. Use Loan EMI Calculator to calculate monthly EMIs on the basis of loan amount and interest rate To read more http://www.retailloans.in/emi-calculator
Presenting this set of slides with name - Hr Induction Powerpoint Presentation Slides. This PPT deck displays fifty three slides with in depth research. Our topic oriented Hr Induction Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Hr Induction Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
This self-paced course is designed to provide you with a basic understanding of personal financial management to help you meet life's challenges and opportunities in college and in life. Major topics covered include: financial planning; budgeting; information on the various sources of financial aid; credit use; standards of progress for financial aid eligibility; affording the loan debt that you have borrowed; using your maximum credit wisely; and retirement planning. Students will be provided with information that will enhance their knowledge and skills to assist them with making more informed decisions that are related to various practices as they pursue their education at Madison College.
I came across employees who had many queries about their EPF and lacks basic idea which they should have. Idea about EPF can help investment plans as well.
Showcase the perks your company offers to the employees using professionally designed Perquisites PowerPoint Presentation Slides. Present some of the fringe benefits to the employees to encourage them to deliver best of their work. HR managers can get access to this presentation to list down some of the employee benefits they plan to offer. Grab perquisites PPT presentation slideshow to attract and retain talented employees. List down some of the perks such as social security, perks and bonuses, pay raise, employee allowance, paid vacation, health insurance, and more. Download this ready-made perquisites PowerPoint presentation templates to increase the economic security of the staff members and improve the worker retention across the organization. This complete presentation is customizable. You can edit the color, text, icon and font size as per your need. Add or remove the content, if needed. Get access to the perquisites PPT slides to provide some of the employee benefits to the employees. Furnish the data for a factual assessment with our Perquisites Powerpoint Presentation Slides. It helps handle inflated egos.
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
A simple and revolutionary financial plan report that does something simple.Abhinay Gupta
I was searching for a productive and presentable financial plan report on the web and couldn't find a single. All the sample financial plan that I have seen are either number crunches or complicated. Clients don't like it. It sucks! SO, here's a simple and revolutionary financial plan report that does something simple.It helps clients in understanding its personal finance and increases engagement.The report is simple, meaningful and free of data crunches. I feel this will change the way people look at their personal finance.
Loan EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India. Use Loan EMI Calculator to calculate monthly EMIs on the basis of loan amount and interest rate To read more http://www.retailloans.in/emi-calculator
Presenting this set of slides with name - Hr Induction Powerpoint Presentation Slides. This PPT deck displays fifty three slides with in depth research. Our topic oriented Hr Induction Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Hr Induction Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
This self-paced course is designed to provide you with a basic understanding of personal financial management to help you meet life's challenges and opportunities in college and in life. Major topics covered include: financial planning; budgeting; information on the various sources of financial aid; credit use; standards of progress for financial aid eligibility; affording the loan debt that you have borrowed; using your maximum credit wisely; and retirement planning. Students will be provided with information that will enhance their knowledge and skills to assist them with making more informed decisions that are related to various practices as they pursue their education at Madison College.
Close your eyes for a moment--now try to picture yourself on the first day of your retirement. Your last day of work is behind you; there is no alarm clock jolting you out of sleep. You awaken on your own and you have the rest of your life ahead of you. Are you happy about your prospects? Relaxed? Energized? Excited? Now open your eyes.
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This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
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Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
2. Contents Your Plan Features The Importance of Planning for Retirement Enrollment How to Rollover Previous 401(k) Accounts Accessing Your Account
3. Plan Summary Entry Requirements 1 year of Service – 1000 hours or more Minimum age of 21 Plan entry on July 1st and January 1st Elective Deferral Contributions Maximum contribution: 100% of your salary up to $16,500 Over the age of 50, may make a catch-up contribution of an additional $5,500 Employer Match For the current plan year: 100% up to 3% of your salary Vesting You are always 100% vested in your salary deferral savings contributions. 0-1 years of service 0% is vested 1-2 years of service 20% is vested 2-3 years of service 40% is vested 3-4 years of service is 60% vested 4-5 years of service is 80% vested 5 years or more of service 100% is vested. Your account becomes 100% vested at death, disability and retirement.
4.
5. Salary Deferrals suspended for six (6) months from the date of distribution. Loans Minimum loan amount $1,000 Maximum $50,000 or 50% of vested account balance Only one loan at a time See your packet for a Full Plan Summary
6. Nest Egg Basics Earn a dollar, keep a dime. For a potentially higher return, diversify among professionally managed investments. Stick to a simple, long-term plan.
7. WHY SAVE IN A 401k? Save Taxes: No current tax on amount saved and investment gains are tax-deferred Convenience of Saving Through Payroll Deduction Attractive Investment Choices Flexibility
8. WHEN YOU RETIRE. . . Paycheck Stops To maintain a comfortable lifestyle, most people live on: Social Security Retirement Plans 401(k) or IRA’s Personal Savings = Your Retirement Income
9. ($6000) SOCIAL SECURITY INCOME = Benefit as % of final pay = Shortfall 100% 80% 60% 40% 20% Current Pay:$15,000$25,000$35,000 $50,000 $100,000 WG&L Pension & Benefits Fact Book:For personal report call SS Office at 1-800-772-1213. Assuming retirement in year 2020 and pay raises follow national average.
10. Contributing: What does it cost? $30,000 Salary -6% Contribution ($1,800) $28,200 Taxable Income $7,050 Taxes Owed $21,150 Take Home Pay $30,000 Salary -0% Contribution $30,000 Taxable Income $7,500 Taxes Owed $22,500 Take Home Pay Difference $1,350.00 $7,500 (Taxes Owed 0% Contribution) -7,050 (Taxes Owed 6% contribution) =$450 (Current Tax Savings) Based on 25% tax bracket
11. SAVINGS EXAMPLE 62% More Income By saving in Your 401(k) Plan Assumes 25% tax bracket and 3% non-elective contribution
12. ADVANTAGES OF SAVING EARLY Assume $1000 saved annually ($83/month), 10% annual growth rate Saved from age 21 to 31 Saved from age 31 to 65 Total Saved $10,000 $34,000 Investment Gain $437,880 $236,024 $ at age 65 $447,880 $270,024
13. Asset Allocation The Primary Factor in Performance Variability Spreading Your Risk through Diversification Security Selection 4.6% Market Timing 1.8% Other 2.1% Asset Allocation 91.5% Source: Brinson, Singer, and Beebower (1991) - Financial Analysts Journal, May/June 1991.
14. What is Asset Allocation? Asset allocation is the process of developing a diversified investment portfolio by mixing different assets in varying proportions. Stocks Bonds Cash
15. SUMMARY To build a nest egg, you must save. 401(k) offers Significant tax advantages Company match/contribution! Attractive investment choices Flexibility Convenience It’s important to start early - NOW! Review your enrollment package. Complete & return enrollment form.
16. Steps to Enrollment Enrollment Forms Deciding how much to save Select Beneficiaries Select your Investments
17. Enrolling in your Plan – Salary Deferral Agreement The forms you need are after page 21 in your enrollment kit. All Newly Eligible Employees must make a decision to participate or not. Section I: Employee Information: Complete ALL requested information Section II: Salary Deferral Agreement Section III: Payroll Information: Choose the amount you wish to defer to your retirement plan OR Choose to decline participation into the plan. SIGN AND DATE THE FORM SIGN
18. Enrolling in your Plan – Enrollment Form All Newly Eligible Employees must make a decision to participate or not. Section I: Employee Information: Complete ALL requested information Section II: Payroll Information: Choose the amount you wish to defer to your retirement plan OR Choose to decline participation into the plan Section III: Choose to enroll in a managed account program (don’t check the box) OR Choose to select your own investments (check the box)
19. Enrolling in your Plan – Enrollment Form If you choose to select your own investments, this page includes all your investment options. After completing your risk tolerance questionnaire and reviewing the fund options, select the investment options. All options selection should equal 100%.
20. Enrolling in your Plan – Enrollment Form SIGN AND DATE THE FORM SIGN
21. Enrolling in your Plan – Choosing a Beneficiary Section A: Fill out your Information. Section B: Choose your Primary and Contingent Beneficiary/ies If you are married, your spouse must be your primary beneficiary (100%) unless your receive their written consent that you may choose otherwise (in section C). Section C: Sign and Date where indicated SIGN
22. Enrolling in your Plan – Choosing a Beneficiary To Designate a Beneficiary other than your spouse, use section C of page 2. You must have your spouse’s written consent. Your spouse must sign this form in front of a Notary Public. Spouse SIGN Witness SIGN
23. Select your Investments Use this guide to help you decide which investment program is right for you. (page 3 of your enrollment booklet) Answer Each Question
24. Select your Investments Based on your score…Which program works for you? Should you consider enrolling into the managed account services? Would you like to make your own decisions with some guidance from an advisor? Would you rather choose your investments yourself?
25. Select your Investments Do-It-For-Me Managed account service selects your investment options. $25.00 Annual Fee. Managed account balance & Associated Annual fee: 0-100,000 0.55% 100,000-250,000 0.45% 250,000-400,000 0.35% 400,000+ 0.25% Help-Me-Do-It Online Guidance at www.gwrs.com at no cost. Online Investment Advice = $25.00 annual fee. Fund expenses (noted in enrollment booklet). Do-It-Myself You know what you want and you feel confident in choosing the direction of your retirement account with the information you’ve been given. No advising fee. Fund expenses (noted in enrollment booklet).
26. Select your Investments Answer the questions and score your answers to determine your risk tolerance. Take a look at the next page to see what your recommended asset allocation is.
27. Select your Investments Allocations for your suggested portfolio appear on page 6. These allocations will serve as a guide. The final choice is yours and you should feel comfortable with your individual allocations.
28. Selecting your Investments – Choosing your Asset Allocation If you choose to select your investment options, make your selections on page 2 of your enrollment form. Once complete, all choices should total 100%.
29. Enrolling in your plan - Turning in Your Paperwork If electing to participate submit the following forms to your Human Resources Contact: Salary Deferral agreement Pages 1-3 of the Enrollment Form Beneficiary Designation form MAKE SURE YOU HAVE SIGNED EACH FORM APPROPRIATELY
30. Enrolling in your plan - Turning in Your Paperwork If you elect NOT to participate, submit the signed Salary Deferral Agreement to your Human Resources officer. MAKE SURE YOU HAVE SIGNED EACH FORM APPROPRIATELY
31. Rollover Other Retirement Plans Consolidating your old retirement plans into one plan makes your retirement savings easier to manage. To Rollover other funds, use the Incoming Direct Rollover form. SIGN Turn this form into your enrollment contact
32. Enrollment Contact Instructions Forward completed enrollment or declination forms by Friday June 24th, 2011 to your human resource representative or directly to Elisabeth Campbell at North Star Financial Group. Fax: 877-203-4256 Email: ecampbell@northstarfg.com Phone: 828-323-8777 ext 206 Mail: North Star Financial Group Attn: Retirement Plan Department 101 Government Ave SW Hickory, NC 28602 If you need assistance from a financial advisor, please call 828.323.8777 and someone will be glad to speak with you.
33. Accessing Your Plan www.gwrs.com Plan Number 939864-01 Click on Participant Log In (located on right side of screen) Insert Username Insert Password If this is your first time logging in, click on first time visiting located below Username and Password
34. Ongoing Service www.gwrs.com Account access Financial Planning calculators Planning Information All Benefits Provided by Beaver Sports Properties Great West Participant Hotline: (800) 338-4015