Upload
dinah-austin
View
216
Download
0
Embed Size (px)
Citation preview
Presentation to Client
SUBTITLE INFORMATION
AFN43091_0812
Our Pledge to You
• As the customer, we will listen to you and offer solutions – not just products
• Our retirement solutions can help your employees work toward
their financial goals
• Our solutions work to be cost-effective
• We strive to provide a high level of service to you and your employees
• We will work to maintain the highest degree of integrity in all of
our interactions
3
Mutual of Omaha Retirement Services Team
[Name]Financial Advisor, [Broker/Dealer]
[Name]Retirement Plan Consultant
[Name]Relationship Manager
[Name]New Business Consultant
Financial Advisors are registered representatives offering securities through (broker/dealer name), a registered broker/dealer, Member FINRA/SIPC.
Delivering a Product with Value
• Financial strength and stability
• Fiduciary support/Investment selection
• Experienced service team with performance standards
• Customized participant website & materials
• Participant managed account solutions
Rich Company History
• Founded in 1909• 65 years providing employee benefit solutions • Recognized and trusted retirement plan
services since 1962• Maintained financial position during
challenging economy • Broadened financial services through banking
operation
Strong. Stable. Secure.
• High industry ratings
• Rising above a challenging economy
• Prudent business philosophy and disciplined investing
• Comdex score: [91]
Rating CompanyMutual of Omaha Insurance Company
United of Omaha Life Insurance Company
A.M. Best Company, Inc. (for overall financial strength and ability to meet ongoing obligations to policyholders)
[A+] (Superior) This rating is second highest of 16
Moody’s Investors Service (for current financial strength and ability to withstand financial stress in the future)
[A1] (Good) This rating is fifth highest of 21
Standard & Poor’s(for financial strength to meet obligations to policyholders)
[A+] (Strong) This rating is fifth highest of 21
Ratings as of August 15, 2012
Mutual of Omaha Brand
• National Advertising– Proud Sponsor of Life’s Aha Moments
• Public Relations– Mutual of Omaha’s Wild Kingdom
• Sponsorships– USA Swimming– Professional golf
Retirement Solutions
• Focus on small to mid-size plans• Three levels of fiduciary support• Investment options for a broad range of
investors• Personalized service and plan support from an
experienced team• Turnkey participant education• Affordable pricing for [CLIENT NAME]
Three Levels of Fiduciary Support
Comprehensive Fiduciary Program
Product-level oversight
Callan Associates, Inc. – fund selection
Plan-level guidance
Mesirow Financial Investment Management, Inc. –
co-fiduciary and indemnification
Participant-level confidence
Professionally managed accounts
Product-level Oversight
• Provides strategic investment selection, monitoring and quarterly reporting for funds offered in the retirement product
• Advisor to Mutual of Omaha’s Investment Manager Oversight Committee
• Independent consultant with responsibility for more than [$3 trillion] in total assets* as of [May 2012]
Callan Associates, Inc.
* Includes plans outside of Mutual of Omaha
Callan’s Five-Step Process
• 800 in-house/year
• 300 on-site/year
• Additional meetings in regional offices and with clients
Investment Manager Meetings
20,000+ funds in the initial universe
Step 1: Initial Quantitative Screening
Approximately 15,000 pass
Step 2: Availability Review
Step 3: Second Quantitative Screening
Step 4: Qualitative Review
Approximately 2,250 pass 1st screenApproximately 1,600 pass 2nd screen
Approximately 800 pass
Approximately 200 pass
Step 5:Objective Review
Determine finalfunds in
the product
Plan-level Guidance
• Limited scope ERISA Section 3(21) co-fiduciary service• Full scope ERISA Section 3(38) Investment Manager service• Written indemnification process from day one• Reviews all the funds available in Mutual’s product and
recommends the funds that best fit each plan• Provides ongoing fund monitoring
Mesirow Financial Investment Management, Inc.
A separate agreement is required for services from Mesirow.
Participant-level Confidence
• Full Scope 3(38) Fiduciary• Professional account management• Fiduciary protection for plan sponsors• Stadion Warranty
– Accepts fiduciary responsibility in writing• Qualifies as QDIA in 401(k) plans
Morningstar® Retirement Manager • Professionally managed account service that provides ongoing account
monitoring and management. Participants receive a personalized retirement strategy.
Stadion Money Management
Investment Options for a Broad Range of Investors
Investment Options
• More than 70 pre-screened investment options from more than 30 independent managers
• Options that qualify as Qualified Default Investment Alternative (QDIA) in 401(k) plans
• A comprehensive lineup of non-proprietary investments• Risk-based2 and time-based1,2 asset allocation portfolios• Professionally managed accounts• Option for guaranteed retirement income -LGIA• Self-directed brokerage account window3 TD Ameritrade
See disclosure page for important information.
Options for a Broad Range of Investors
* Professionally managed accounts and Mutual GlidePath and Vanguard portfolios are eligible for QDIA. LGIA not available in Nevada or New York.
• Monitored Funds• Self-Directed Brokerage
Accounts• Lifetime Guaranteed
Income Accounts
• Professionally Managed Accounts
Mutual GlidePathSM Portfolios
Vanguard ®
Target Retirement Series(time-based)
Mutual Directions ®
Portfolios(risk-based)
“I’ll Make My Own Decision” Non Proprietary Funds
“Help Me Make My Decision” Professional Investment Portfolios
Mutual GlidePathSM 1,2(time-based)
Vanguard® Target Retirement Series 1,2(time-based)
“Help Me Make My Decision” Professional Investment Portfolios
Mutual Directions® 2(risk-based)
“Make My Decision For Me” Professionally Managed Accounts
For individuals who prefer to leave the investment decisions to the experts:
• Stadion – employs registered investment advisors to make investment decisions on behalf of participants and provides ongoing account management consistent with the participant’s retirement goals.
• Morningstar® Retirement Manager – professionally managed account service that provides ongoing account monitoring and management. Participants receive a personalized retirement strategy.
Plan Design & Administration
Plan Design & Administration
• Fully-integrated, daily valuation recordkeeping and administration services
• Flexible plan designs• Comprehensive plan reporting• 24-hour plan access (online and telephone)• Regular industry and legislative updates• Seamless integration with TPA platforms• 1099-R services
Plan Design & Administration for 457(b) Plans
• Dedicated client representative
• Plan administration and recordkeeping
• Contribution and distribution processing
• Custodial and trust services
• 1099-R services
EPIC Advisors, Inc.
• Coordinated services for Mutual of Omaha and Stadion investments
• Web, voice and participant call center
• Participant statements, transaction processing, plan reporting and compliance
• Integrated trade and custody platforms
Smooth Implementation
• Transition and implementation team to manage conversion process– Contract establishment– Fund setup– Enrollment kit– Communication to participants
• Coordinate meetings/conference calls• Coordinate the transfer of assets to minimize black-out• Work with prior carrier to have test file sent before
liquidation
Competitive Pricing Structure
*Assumes selection of Stadion as the QDIA and uses Mesirow Financial’s Select Elite List.
Employer Fees 401(k)
Set Up/Document Fee [Subsidized]
Ongoing Annual Fee [Subsidized]
Participant Fees
Average Underlying Fund Expense
[0.56%]*
Administrative Fee [0.25%]
Ongoing Per Participant Fee [$17]
Personalized Service and Plan Support
Commitment to Service
• Dedicated relationship manager* [Jennifer Schaef]
• Dedicated new business consultant [Tawnya Neighbor]
• National client services team
• [98%] plan retention rate among existing clients in [2011]
Retention data based on 2011 Retention of Controllable Plans*Applies to plans with more than $500,000.00 in assets.
Tools & Resources
• Fiduciary Online Communication Library (FOCLpoint)
• Turnkey enrollment support• Insights newsletter• Plan data reports• Comprehensive participant education materials
available• Online and telephone account access
Participant Education
• Educational flyers• Participant gap analysis• Customized participant website for account
access• SmartPlan EnterpriseTM by vWise• Online retirement calculators• Quarterly statements • Contributions newsletter
Participant Education
A Comprehensive Retirement Solution
• Financial stability• Respected brand• Investment options for a broad range of
investors• Three levels of fiduciary support• Personalized service and plan support from an
experienced team• Turnkey participant education• Competitive pricing• Unwavering commitment to service
34
1. The target date is the approximate date when investors plan to start withdrawing their money. The principal value of the portfolios is not guaranteed at any time, including at the target date.
2. You will incur higher costs with the asset allocation portfolios than if you were to invest directly in the underlying investment portfolios.3. Rebalancing does not guarantee a profit or protect against loss in a declining market.
A group variable annuity is a long-term financial product designed for retirement purposes. There are contract limitations and fees and charges associated with group variable annuities, which include, but are not limited to, administrative fees and charges for investment management. Withdrawals from annuities are subject to normal income tax treatment and, if taken prior to 591/2, may be subject to an additional 10% federal income tax penalty.
Because an annuity contract would be used to fund this qualified employer-sponsored retirement arrangement, you should purchase the annuity contract for its features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit of the annuity.
Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.
Past Performance is no guarantee of future results.
Neither Mutual of Omaha Insurance Company nor its affiliates provides investment advice.
Investments are subject to market risk, will fluctuate and may lose value.
Asset allocation does not ensure a profit, nor protect against loss in a declining market.
Please consider the charges, risks, expenses, and investment objectives carefully before purchasing a variable annuity. For a prospectus containing this and other information, contact a financial professional. Read it carefully before you invest or send money.
Disclosures & Important Information
Thank You
[Investment options are offered through a group variable annuity contract (Forms 902-GAQC-09 or 902-GAQC-09(OR) or 902-GAQC-09(CT)) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha Life Insurance Company, Omaha, NE 68175 is not licensed in New York. In New York, Companion Life Insurance Company, Hauppauge, NY 11788 underwrites the group variable annuity (Form 900-GAQC-07(NY)). Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as to the Guaranteed Account and the Lifetime Guaranteed Income Account as provided under the contract. Neither United of Omaha Life Insurance Company, Companion Life Insurance Company, nor their representatives or affiliates offers investment advice in connection with the contract.]
[Lifetime Guaranteed Income Account (Rider Forms 651-GAQR-10 or 651-GAQR-10(CT) or 651GAQR-10(OR)) may not be available in all states and specific features may vary by state. Availability may vary by plan. The Lifetime Guaranteed Income Account is not available in Nevada or New York. ]
For advisor and plan sponsor use only.