For investment professional use only. Not for public distribution. Job number 00/00 Contribution...

For investment professional use only. Not for public distribution.Job number 00/00

Contribution Processing OptionsGuided Payroll Overview

November 2014

2For investment professional use only. Not for public distribution.Job number 00/00 INTERNAL USE ONLY

Table of Contents

A.Defining Contribution Processing Options

B.Guided Payroll

C.What will change

D.Guided Payroll - 4 Step Process

E.Taking Guided Payroll to the next level

F.Communication Plan

G.Got questions?

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Key Take-a-ways…―PSC Manual Data Entry is now enhanced and called Guided Payroll

―We offer a suite of 3 different Contribution Processing Options• Payroll Bridge PDI file from Payroll vendor• Payroll Data Interchange (PDI) PDI file from Employer• Guided Payroll Enter into PSC

―Same services available with any Contribution Processing Option

―Available at the Division level and only have access to their own information

―Guided Payroll Launch impacts ALL plans• PDI and Bridge plans with PSC tab name change• PSC Manual Data Entry is now Guided Payroll

Defining Contribution Processing Options

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What are our Contribution Processing Options?

Guided Payroll is a solution in PSC,

designed to make contribution processing easier,

particularly for small and

multi-employer plans.

Payroll Data Interchange (PDI)Plan uploads payroll file

Payroll BridgePayroll vendor uploads payroll file

PSC Manual Data EntryEntering payroll information via

the Plan Service Center

Enhanced!!

Services available with PDI or Payroll Bridge, also available with Guided Payroll

Guided PayrollEntering payroll information via

the Plan Service Center

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Contribution Processing OptionsSide by Side Comparison

Payroll Bridge Payroll Data Interchange (PDI) Guided Payroll

Overview File from Vendor File from Employer Input into PSC

Suitability Payroll Vendor < 200 ppts

Fees Typically No No

Initial Data Input Payroll Vendor Employer Record Keeping System(may require editing)

Data Clean-up Warnings

Additional Services Yes Yes Yes

Plans with multiple employers or sub-divisions will likely have a mix of contribution methods by employer

Guided Payroll

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Guided Payroll = simplified contribution processingUser-friendly allowing plan sponsor to update employee data from a single screen, with pre-populated

employee data for easier editing and updates

Intuitive offering alert indicators and help tips to ensure all necessary data is provided; the data fields for the services specific to each plan will be shown

Value-added providing the option to export data reporting for other applications or records

The feedback from plan sponsors and TPAs who have taken part in a Guided Payroll demo has been universally positive,

including comments like:

How easy it will be to make employee additions and edits. How seamless the transition from the manual process will be because

it’s so intuitive. How much time it will potentially save them as they generate reports

for other uses.

What will change?

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What will Change?

“Contribution” tab will be relabeled “Process Center”

The system will pre-populate participant information

Only the columns for the services specific to each plan will be included

This change will impact all plans regardless of Contribution Processing

Option

Alert indicators will ensure all necessary data is provided

PSC Manual Data Entry plans will automatically be moved to Guided

Payroll

Guided Payroll4 Step Process

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Manual PSC today

― Add Employee – Employee Tab― Edit Employee – Employee Tab― Contributions – Contribution Tab

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PSC with Guided Payroll (GPP)

• Guided Payroll :― Add Employee – Process Center Tab― Edit Employee – Process Center Tab― Contributions – Process Center Tab

Enhanced!!

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4 Step Process Tab Name Change for All Plans

Guided Payroll is available by Division

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Copy Previous Contributions

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Errors & Warnings

Data Fields Sync with Services

Easy Edit

Easy Add

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Errors & Warnings

Taking Guided Payroll to the Next Level

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Taking Guided Payroll to the Next LevelProviding data through Guided Payroll allows Plan

Sponsors to

take advantage of our efficient and time-saving services

When you work with your plans,suggest the following:

1st take care of the ‘Warning’ signs

2nd as services are added, Guided Payroll includes the required data points

Most of these services are free!

!

Remember: “Errors” marked with an must be fixed to complete processing payroll.

Communication Plan

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Can I get a list of the plans most impacted by these

enhancements?

! There is no indicator for contribution processing method

! All plans will see a change with these enhancements (label change or Guided Payroll enhancement)

! Important to communicate to all plans regarding the enhancements

! Very important to identify and communicate large clients with multiple payroll subsets / divisions

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Communication Plan

Internal Communication begins Field and Service teams training

Materials available in mygwrs.com

CRD personal email to clients (Nov-Jan)

Guided Payroll Go-liveFebruary 17, 2015

Collect post rollout feedback

Sept Oct Nov Dec Jan Feb Mar

Plan Sponsor Communication (email blast) and PSC bulletin

Guided Payroll webinars available for employers (optional)

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Got questions? The following resources in mygwrs.com Products and Services Contribution Processing Options can help!

Internal

Training Deck FAQ RFP Responses

E-mail Alias

MyGWRS

External

MarketingSuite of Services

Marketing One Pagers Tutorial FAQ gwrsdemo.com

GPP_Info@retirementpartner.com

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Empower RetirementTM refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: White Plains, NY; and their subsidiaries and affiliates. The trademarks, logos, service marks, and design elements used are owned by GWL&A. ©2014 Great-West Life & Annuity Insurance Company. All rights reserved. 11/2014 PT210216