Csp Q16

Front 1

QBS 16: 1 of 7
Steps toward creating a standout retirement savings plan

Back 1

1) A diverse but limited menu of investment options
- Ideal list is long enough to cover basic asset classes, style and market capitalization choices
2) A generous company contribution
3) A significant commitment of time, money and human resources
4) An education program that recognizes a wide range of employee needs
5) An ongoing communication program
6) A strategy for helping employees avoid penalties and pitfalls
7) Guidance on retirement income planning

Front 2

QBS 16: 2 of 7
Benefits of a generous company contribution

Back 2

1) Most effective way to convince employees to save
2) Spends a powerful message that employee and their welfare are important

Front 3

QBS 16: 3 of 7
Short-changing a significant commitment of time money and human resources can

Back 3

- Short changing these areas can produce a low return on plan's HR investment

Front 4

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A good education program recognizes a wide range of employee needs such as

Back 4

a) Social factors
b) Economic factors
c) Demographic factors
- Life stages: such as participation focus on younger employees and asset allocation for older employees

Front 5

QBS 16: 5 of 7
A good communication program should include

Back 5

1) Generosity of employer match
2) Advantages of compounding
3) Pace of contributions can increase value of match

Front 6

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A good ongoing communication program can

Back 6

1) Affect participation rates and levels
2) Help employees understand plan options
3) Target employees at key points in their working years
4) Communicate plan changes and legislative changes on a timely basis

Front 7

QBS 16: 7 of 7
Essential components of an education and communications program

Back 7

1) Calculators and worksheets to help develop budgets
2) Describe benefits and alternatives of lifetime income provided by annuities