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Presented by Ed Fuentes at the Texas Water Conservation Association Conference in The Woodlands, Texas - March 2014
Citation preview
Retirement Plans: a solution to your “Fringe Benefit” challenges
Mar 2014
Ed Fuentes – Regional Sales Director
Presented with Mike Affleck - Tetra
For Broker, TPA or Plan Sponsor Use Only
Your Employees
They want to know how much to save.» The average personal savings rate for
Americans is 4.3%.1
2
1 EBRI Databook on Employee Benefits, Chapter 9. U.S. Savings Rates, 2010.2 Changes occurred from January 1-December 31, 2008; http://ici.org/policy/retirement/retirement/09_news_recordkeeping3 EBRI Issue Brief October 2009, No. 335., p.11.
They’re not sure where to invest.» Only 12.4% of participants changed the asset
allocation of their contributions in 2008.2
They wonder what their retirement income will be...» With a 5% annual withdrawal rate on the
median 401(k) balance of $43,700, a retiree’s income will only be $182 per month.3
For Broker, TPA or Plan Sponsor Use Only
Why partner with Tetra and Great-West FinancialSM?
33
Benefits of Utilizing a Retirement Plan
Great compliment to your group medical plan
Investment flexibility all indentified by TICKER
Full suite of educational tools and resources
Dedicated service teams to support your employees
Competitive and fully disclosed
Focused on allocating all fringe dollars
For Broker, TPA or Plan Sponsor Use Only
Tetra- Provide customized employee benefits and specialized retirement plans to government entities and government contractors
- Great-West’s partner has been in business 30 years and has services reps that cover all 50 states.
- Services provided: fully insured major medical plans, self insured medical plans, limited medical plans, retirement plans, RIA services, COBRA, custom open enrollment websites…etc.
Partnership with Great West:
Block of business for Austin office alone is in excess of 160 plans
Projected to work on 30-50 plans this year.
For Broker, TPA or Plan Sponsor Use Only
So, How Can We Help?
• If you have A PER HOUR BUDGET for “Benefits”
• If it’s important to use ALL the budgeted Dollars
Tetra can assist you in:
• customized benefits package for the ENTIRE per hour amount –
• satisfying your obligation avoiding payroll taxes (1,500 per year per full time employee on average)
Note: when you are subject to SCA or DBA you have unique concerns that commercial employers do not—it’s all about compliance!
For Broker, TPA or Plan Sponsor Use Only
WHAT makes retirement plans a good compliment?
(401a and or 401k)• Flexible products (any size organization) • Participant service model (your employees call us directly)• Well-Known Mutual Funds as investment options• Competitive Pricing from top 5 retirement provider• Websites, Mobile Apps…etc.
Note: Our Retirement Plan Document can support your current arrangement
For Broker, TPA or Plan Sponsor Use Only
Efficient administration of all your benefits :
• We provide 360 payroll integration
• We serve as single point of contact for benefits and compliance
• We are geared to assist your employees directly
For Broker, TPA or Plan Sponsor Use Only
2. Great-West Financial, through December 31, 2012 Only represents assets under administration of Great-West Financial. Does not represent the assets and liabilities of any Great-West Financial insurance company.
Stability and Scale
8
4th largest record-keeper based on total participant
accounts1
Serve more than27,000 plans and 4.7
million participant accounts2
Provides record keeping services to
retirement plans with $179 billion in
assets2
1. Source: Plansponsor Recordkeeping Survey, 2012
Great-West Financial family of companies refers to Great-West Life & Annuity Insurance Company (GWLA), its subsidiaries and affiliates including. Great-West Life & Annuity Insurance Company of New York and FASCore, LLC.
179
For Broker, TPA or Plan Sponsor Use Only
Stability and Scale
A+1A.M. Best Company, Inc. – Financial Strength, Operating Performance, and Business Profile
SuperiorHighest of ten categories
AA2 Standard & Poor’s Ratings Services – Financial Strength
Very StrongSecond highest of ten categories
AA2 Fitch Ratings – Financial Strength
Very StrongSecond highest of nine categories
Aa32 Moody’s Investors Service – Financial Strength
Very StrongSecond highest of nine categories
9
1 Superior (highest of 10 categories)2 Very strong (second highest of nine categories)3 Very strong (second highest of nine categories)4 Very strong (second highest of nine categories)
For Broker, TPA or Plan Sponsor Use Only
10
Service Delivery Team
EMPLOYER
Great-West
Implementation Mgr
Great-West
Relationship Mgr
Executive Contact
Account Manager
Pension Consultant
Investment Consultant
Communication
Implementation
TPA
TETRA
Professionally Administered Services: Actuarial Services • Compliance Consulting • Compliance/Federal Reporting • Recordkeeping/Administration • Trust Services/Retiree Administration • Education/Communications • Investment Services
Your plan advisor is not affiliated with Great-West Life & Annuity Insurance Company, GWFS Equities, Inc. or their subsidiaries or affiliates.
For Broker, TPA or Plan Sponsor Use Only
Asset Class Spectrum
11
All logos belong to their respective owners and used with permission.
These are just a few of the name brand money managers available on our platform…
For Broker, TPA or Plan Sponsor Use Only
Visit Website Demo at www.gwrsdemo.com
12
FOR ILLUSTRATIVE PURPOSES ONLY.
For Broker, TPA or Plan Sponsor Use Only
13
Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers. GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company and an affiliate of Great-West Life & Annuity Insurance Company of New York, White Plains, New York, and FASCore, LLC (FASCore Administrators, LLC in California).
Great-West FinancialSM refers to products and services provided by Great-West Life & Annuity Insurance Company; Great-West Life & Annuity Insurance Company of New York, White Plains, New York; their subsidiaries and affiliates, including Great-West Trust Company, LLC. Great-West Retirement Services® refers to products and services provided by Great-West Life & Annuity Insurance Company, FASCore, LLC (FASCore Administrators, LLC in California), Great-West Life & Annuity Insurance Company of New York, White Plains, New York, and their subsidiaries and affiliates. Great-West Life & Annuity Insurance Company is not licensed to conduct business in New York. Insurance products and related services are sold in New York by its subsidiary, Great-West Life & Annuity Insurance Company of New York. The trademarks, logos, service marks, and design elements used are owned by Great-West Life & Annuity Insurance Company.
GWFS Equities, Inc., or one or more of its affiliates, may receive a fee from the investment option provider for providing certain recordkeeping, distribution and administrative services. Core investment options may be offered through mutual funds, separately managed institutional accounts, collective trust funds, and/or a group fixed and variable deferred annuity.
©2013 Great-West Life & Annuity Insurance Company. All rights reserved.
Prior to selecting investment options for your plan, plan sponsors should consider the investment objectives, risks, fees and expenses carefully. For this and other important information, you may obtain prospectuses for mutual funds, any applicable annuity contract and the annuity's underlying funds, and/or additional disclosure documents from your registered representative. Read them carefully.
For Broker, TPA or Plan Sponsor Use Only
14
Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers. GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company and an affiliate of Great-West Life & Annuity Insurance Company of New York, White Plains, New York, and FASCore, LLC (FASCore Administrators, LLC in California).
Great-West FinancialSM refers to products and services provided by Great-West Life & Annuity Insurance Company; Great-West Life & Annuity Insurance Company of New York, White Plains, New York; their subsidiaries and affiliates, including Great-West Trust Company, LLC. Great-West Retirement Services® refers to products and services provided by Great-West Life & Annuity Insurance Company, FASCore, LLC (FASCore Administrators, LLC in California), Great-West Life & Annuity Insurance Company of New York, White Plains, New York, and their subsidiaries and affiliates. Great-West Life & Annuity Insurance Company is not licensed to conduct business in New York. Insurance products and related services are sold in New York by its subsidiary, Great-West Life & Annuity Insurance Company of New York. The trademarks, logos, service marks, and design elements used are owned by Great-West Life & Annuity Insurance Company.
Managed account, guidance and advice services are offered by Advised Assets Group, LLC (AAG), and a federally registered investment adviser. More information can be found at www.adviserinfo.sec.gov. Ibbotson Associates, Inc. is a registered investment adviser and is not affiliated with AAG, its parent company Great-West Life & Annuity Insurance Company, or any other affiliated companies and/or subsidiaries.
GWFS Equities, Inc., or one or more of its affiliates, may receive a fee from the investment option provider for providing certain recordkeeping, distribution and administrative services. Core investment options may be offered through mutual funds, separately managed institutional accounts, collective trust funds, and/or a group fixed and variable deferred annuity.
©2013 Great-West Life & Annuity Insurance Company. All rights reserved.
NOT A DEPOSIT | NOT FDIC INSURED | NOT BANK GUARANTEED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | FUNDS MAY LOSE VALUE