A KEY BENEFIT of The 401k Service Solution™ is the
strong emphasis placed on understanding and meeting the needs
of plan participants.
In two of the six steps that make up The 401k Service Solution™
set of tools, there are worksheets designed to get
participants involved in the decision making process to help
ensure the plan meets their retirement planning needs.
In Course Four – The Advanced Investor Series™, a custom
education program is built specifically around the needs
of plan participants. The following topics are available to choose from in building a custom education program for participants. (Click here to view a sample fact sheet.)
Education Fact Sheets to Build a Custom
Education Program: Topics Available
INVESTMENT BASICS
_ What is Asset Allocation?
_ The Importance of Diversification
_ Understanding Risk Tolerance
_ Mutual Fund Basics
_ Investing 101
_ Benefits of Time and Effects of Compounding
_ How Much $ Should I Be Putting in My Account?
_ How Often Should I Review or Rebalance My Account?
_ How Much Company Stock Should I Hold in My Account?
PLAN BASICS
_ How Much Can I Contribute to My Plan?
_ What are the Tax Benefits to Putting $ in My Plan?
_ What is a ‘Matching Contribution’?
_ What Does ‘Vesting’ Mean?
_ How Do I Take Money Out of My Retirement Plan?
_ What Do I Do With My Account When I Leave the Company
or Retire?
_ Why Does a Company Offer a Retirement Plan?
_ What Fees Do I Pay on My Retirement Account?
_ Rolling Over My Existing Retirement Accounts
_ Investment Elections, Current vs. Ongoing
_ The Importance of My Beneficiary Designation
OTHER EDUCATION TOPICS
_ Ups and Downs of the Market
_ Why Teach Children About Investing
_ Social Security Basics
_ Long Term Care Expenses
_ Advantages of Increasing Contributions
_ Estate Tax Basics
_ Mutual Fund Taxation
_ How To Take Income from my Account in Retirement
_ Savings Bonds
_ IRA Distributions
_ 529 Savings Plan Overview
_ Catastrophes You Can Prepare For
_ Understanding Investment Performance
_ Understanding Asset Classes
To provide
a baseline understanding and also to monitor the effectiveness
of the education program going forward, an Employee Report
Card is given to all participants to gauge their understanding
of the plan benefits and to help target the education
program to meet their needs. (in addition to other worksheets
that ask more specific plan questions). The summary for
this course includes an overview of how participants scored
on this report card.
A one-year Participant Education Program is then developed
and implemented with the assistance of a certified Professional
Plan Consultant.
One of the main goals in setting up a retirement
benefit plan is to help participants save for a successful
retirement. The 401k Service Solution™ was developed
with this focus and purpose in mind and has been proven
to increase participation, contribution rates, employee
understanding, and overall employee satisfaction.
To implement a custom education program on your plan
using The 401k Service Solution™ set of tools,
contact a PPC™ near you.
