A retirement plan that works for you Offer your employees a retirement savings experience that includes comprehensive administrative and investment support GOOD LIFE 401(k) PLAN
Combining knowledge and experience for a plan that gets results Join a partnership with a track record of success For many organizations, providing a retirement plan may seem out of reach. But with the Good Life 401(k) Plan, you can deliver a cost-effective, practical retirement solution created specifically for your organization. Access the expertise and experience of a leading retirement plan that can help you navigate an increasingly complex legal and regulatory environment while offering resources that can help your employees get the results they deserve. RetireRight Consulting Group Empower Retirement With more than 25 years of industry experience each, Empower helps more than 12 million people* take control the professionals at RetireRight provide investment and of their finances and pursue a more secure retirement. retirement plan consulting services, and help fiduciaries They make it possible by delivering a retirement savings seek protection from personal and corporate liability experience based on values that put you and your related to retirement plans. employees first. Innovative participant experience Personalized, targeted communications Simplified administration, Plan investment and Participant advice and plan design fiduciary consulting fiduciary guidance * As of January 4, 2021. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
The total package: Everything you and your employees need The Good Life 401(k) Plan advantage You have a unique opportunity to offer tremendous value to your employees — without the administrative headaches traditionally associated with running a retirement plan. Joining the Good Life 401(k) Plan allows you to save time, reduce costs and increase efficiencies while offering your long-term and committed employees a range of retirement savings resources that are proven to get results. With the Good Life 401(k) Plan you can: • Spend less time on retirement plan administration and more time focused on your organization’s goals. • Provide a high-value, competitive benefits package that can help you attract and retain top talent. • Benefit from expert investment selection and fiduciary protection from a leading independent firm. And even though you become part of the Good Life 401(k) Plan, you maintain the flexibility to design the features that work best for your organization. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
Empowering your employees to save smarter Our ultimate goal is to help your employees replace — for life — the income they made while working. That’s why our comprehensive participant experience provides a view of the entire retirement picture, including estimated retirement income, with a focus on engagement and actionable insights. FOR ILLUSTRATIVE PURPOSES ONLY. See the big picture Your employees can easily log in and view what percentage of their estimated retirement income they are on track to replace and what their monthly income might look like — and instantly make adjustments that can change their projected future income. Your employees can: Enroll in seconds. Examine their financial wellness. View their projected retirement income. Manage their health savings accounts (if applicable). Compare their savings to others’. Account for their outside assets. Estimate their retirement healthcare costs. Get updates and confirmations. Adjust their contributions. View information in Spanish at the touch of a button. Rebalance their portfolios. Personalized communications create stronger connections We speak to your employees in ways that matter to them. Our multichannel messaging is timely, relevant and tailored to your employees’ needs so they are inspired to take action. This service is available to you at no additional cost and ensures that we get the right message to the right person at the right time. FOR ILLUSTRATIVE PURPOSES ONLY. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
Making plan operations easier In addition to the ERISA 3(16) Plan Administration you'll receive, the Empower MORE (make operational responsibilities easy) suite of services is designed to help you with many of your administrative tasks so you can remain focused on your top priorities. We help you manage your administrative and fiduciary responsibilities. We use data to ensure your employees receive required notices and educational communications. We enable you to keep track of your plan activity in real time to help improve plan design. Comprehensive plan management resources Our innovative technology platform provides tools and resources designed to improve plan results and reduce administrative tasks. FOR ILLUSTRATIVE PURPOSES ONLY. The Lifetime Income ScoreSM is a powerful measure of your The fiduciary archive maintains complete records of all participants’ retirement readiness. It allows you to segment plan-related developments, providing protection to audiences by age, tenure and geographic location to determine plan fiduciaries. who may have the greatest need for increased education. The investment monitoring tool provides important Plan analytics detail participation rates, deferral rates details on each fund held in the plan, including and average account balances so you can assess the health performance data and participant assets. of your plan and work with us on plan enhancements. A detailed participant overview includes an account- On-demand reporting and testing allow you to emulation feature that allows you to see exactly what measure success and identify areas of focus. participants see. You can also view participants’ interactions with the Empower service team. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
Comprehensive 3(16) Plan Administration and fiduciary support Plan administration made easy The Good Life 401(k) Plan takes the hassle out of 401(k) plan administration. Our solution includes direct delivery to employees, the following regulatory notices as mandated by the Department of Labor and IRS: -Participant statements and fee disclosures -Blackout notice -Safe harbor notice -Automatic contribution arrangement (ACA) -Qualified automatic contribution arrangement (QACA) -Eligible automatic contribution arrangement (EACA) -Summary plan description (SPD) -Summary annual report (SAR) -Qualified default investment alternative (QDIA) -Eligibility notice As your 3(16) fiduciary partner, The Finway Group will accept the responsibility for fulfilling many of the day-to-day administrative duties, including: -Signing and submitting Form 5500. -Approval and processing of loans and distributions. -Required minimum distributions (RMD). -Death benefit distributions. -Termination packets sent to participant homes. -Involuntary force-out distributions. -Hardship and in-service withdrawals. -Management of unclaimed checks. -Loan default monitoring. Independent investment and fiduciary consulting Hiring a 3(38) investment fiduciary allows you to transfer discretionary authority of investment decisions to a trusted expert. This transfer of responsibility from you, the plan sponsor, to the 3(38) fiduciary helps alleviate potential plan sponsor liability associated with investment-related decision making. The Good Life 401(k) Plan utilizes fiduciaryPATH, LLC as the named 3(38) fiduciary. fiduciaryPATH is a dba of flexPATH Strategies, LLC and all investment decisions are dictated by the same investment committee that presides over flexPATH Strategies, LLC (constituting nine CFA® charterholders with over 130 years of combined experience). flexPATH Strategies has more than $29 billion in assets under management*. By leveraging a fiduciaryPATH 3(38) product, plan sponsors can now provide their participants with mega plan priced investments, thus further improving the competitiveness of their organization’s benefits. * As of May 31, 2021. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
Quality investments, personalized advice Diverse investing options and advice strategies We offer an open-architecture investment platform that includes thousands of options from hundreds of participating mutual fund companies. Options include stable value, target date and risk-based funds, a qualified default investment alternative, and more. My Total Retirement™ gives your employees the special FOR ILLUSTRATIVE PURPOSES ONLY. attention they deserve.1 When your employees enroll, investment professionals create a retirement strategy Those who have an advisor are specifically for them, make changes as needed and more likely to be on track for more continue providing advice into retirement. retirement income3 It offers a comprehensive strategy for all life stages via: RETIREMENT PROGRESS SCORE BY ADVISOR USE • 3(38) fiduciary support for employees. TRADITIONAL AND ONLINE ADVISOR 116 • A personal savings and investment strategy ANY PAID ADVISOR 91 supported by proactive communication and 1:1 support from investment professionals. NO ADVISOR 58 • Personalized withdrawal strategies to maximize retirement income. There is no guarantee provided by any party that participation in any of the advisory services will result in a profit. Empower Dynamic Retirement ManagerTM We understand that no two employees are alike. Empower Dynamic Retirement Manager helps ensure your employees receive the retirement planning support they need at the right time.2 It combines the benefits of a target date fund for those younger employees and My Total Retirement for older employees seeking more customized support. 1 Online Advice and My Total Retirement™ are part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser. 2 My Total Retirement™ offered through Empower Dynamic Retirement Manager™ is provided by AAG. 3 Empower Institute, Scoring the Progress of Retirement Savers, 2018. Retirement income replacement estimate of people who use a traditional and online advisor vs. those who use no advisor. FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
Empower was rated No. 1 in \"Value for Price\" in a national survey of plan advisors4 The Good Life 401(k) Plan offers a cost-effective opportunity to access the knowledge and experience of a leading retirement plan with a proven track record of success. We handle the administrative heavy lifting, and we provide a world-class experience to your employees — so you can focus on running your organization. For a detailed proposal, email Brian Ormord at [email protected] or Henry (Dan) Kinney at [email protected], call 866-379-4015, or visit www.uretireright.com 4 PLANADVISER Retirement Plan Advisor Survey, April 2019. RetireRight Consulting Group, The Finway Group, FiduciaryPATH, LLC, flexPATH Strategies, LLC, Brian Ormond, and Henry Kinney are not affiliated with GWFS Equities, Inc. or its parent company, Great-West Life & Annuity Insurance Company. Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers, Advised Assets Group, LLC and Personal Capital. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. ©2021 Empower Retirement, LLC. All rights reserved. APPO 202928 RO1657082-0621 FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.
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