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Using Plan Design to become
Retirement Ready
Tommy [email protected](865) 966-1225 (office)(865) 256-8905 (cell)www.erisaservices.com
What about you?
Are you Retirement Ready?
What percentage of your employees are Retirement Ready?
Does it matter?
ERISA Services, Inc.
Why we do what we do?
How we do what we do?
What do we do?
Begin at the End
What is “the End”?
What do you want to accomplish?
Where are you going?
What’s important?
What do you want to achieve?
Begin at the End
We must first have a goal!
We must first know what is important!
We must first decide what future things are Non-Negotiable!
Are you ready?
Begin at the End
You must have a Plan to achieve your Goal!
You must have a strategy to achieve your Plan!
How do we help our employees get there?
Do they need your help????
YES
Strategies for your 401(k) Plan
Automatic Enrollment
Automatic Escalation
Stretch Match
Metric Based Match
Fixed Dollar Match
Automatic Enrollment
Why do it?
At what percentage?
What are the benefits?
Potential downsides?
Automatic Escalation
Why do it?
How high do you go?
What are the benefits?
Potential downsides?
Stretch Match
What is it?
Why do it?
What are some potential formulas?
What are the benefits?
Potential downsides?
Metric Based Match Formulas
What is it?
Why do it?
What are some potential formulas or ideas?
What are the benefits?
Fixed Match
What is it?
Why do it?
What are some potential formulas?
What are the benefits?
Let’s change East Tennessee for the better!
Questions?Questions?Questions?
Dale [email protected](865) 966-1225 (office)(865) 256-8725 (cell)
Tommy [email protected] (865) 966-1225 (office)(865) 256-8905 (cell)
Justin [email protected](865) 966-1225 (office)(865) 748-9363 (cell)
