Workplace Solutions |1

Workplace Solutions

Our Services | Who is Mathew Barber? | Financial Wellness StatsSee inSide

A financial wellness service of Westminster Consulting, LLC

2 &contentS

Who is Mathew Barber?6

Westminster Workplace Solutions2

Westminster Consulting, LLC7

Our Services3

Financial Wellness Statistics, You Should Know!8

Welcome.

Upteam With Westminster consulting

and Westminster Workplace Solutions. It is the premier advice and education platform for plan sponsors.

but showyou how to make a difference.

Inside we will discuss everything you will need to know About Westminster Workplace Solutions.

that we provide to our clients is top notch &We do Not

Just tell You

The advice

Workplace Solutions |1

Westminster Workplace Solutions o u r S e r v i c e s

Group Education Sessions•General information catered specifically to your employees needs.•Topics include but are not limited to: 529 Plans, Retirement reinvention, GenX, Social Security.

Enrollment & Engagement Meetings•Support with enrollment meetings and participant engagement initiatives to help raise awareness of plan benefits and the importance of plan participation.

Benefits Fairs•Participate in meetings with employees with the goal of educating participants and/ or prospective participants about the benefits available to them within their retirement plan.

clIent ServIceSRisk Tolerance Profiling•A personalized assessment of the employees tolerance for risk and volatility based upon the individuals timeframe, investment knowledge and tolerance for fluctuations in market returns.

Retirement Readiness Assessment and Advice•Employee is advised on where they currently stand based upon a number of variables, where they need to be to reasonably maintain the lifestyle that they are accustomed to and where they could be if they implement the proper savings and investing disciplines.

For information please visit our website atWestminster-Consulting.com/WorkplaceSolutions

IndividualEducation

GroupEducationSessions

Enrollment & Engagement

Meetings

Benefits Fairs

Risk Tolerance Profiling

Retirement Readiness

AssessmentAdvice

IndIvIdUAlGroUp

Westminster Workplace SolutionsSM is a fiduciary-based service that provides advice and education to participants of retirement plans. Westminster developed this program to comply with the newly

enacted “Fiduciary Rule” and in response to clients’ request for independent and unconflicted advice for participants. Mathew Barber, AIF®, Senior Consultant has been appointed to lead this business unit and promote these fiduciary services.

The solution is designed to improve employees’ financial behavior and outcomes. The Westminster program can be customized to the companies’ and employees’ specific needs. A list of our services that we offer are listed below.

Sean D. Patton Thomas F. Zamiara Partner Partner

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Disclosure: Investment advisory services are offered through Westminster Consulting, LLC, a Registered Investment Advisor (RIA). The information and advice given is dependent upon the data collected at the time from which individualized recommendations are provided. Recommendations may change due to changes in individual circumstances or quality of data. Investing involves risk including the potential for the loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

One On OneMeetings

W h o i s M at h e w B a r b e r ?

Our primary focus on promoting, developing, and maintaining proper and strong fiduciary governance processes for clients is at the core of our culture and the services we offer. We believe that our role as a “fiduciary” consultant goes beyond that of a traditional investment consultant. Central to the work

we do with trustees is assisting them with the development of and compliance with sound fiduciary practices, while delivering exceptional investment analysis.

Our prudent process-based approach enables defined benefit and defined contribution plan fiduciaries to meet their legal obligations, as well as mitigate their potential liability in a cost-effective and practical manner, benefiting all stakeholders of a plan. In addition, the wide array of services offered by Westminster Consulting enables us to provide solutions to the regulatory challenges of managing a qualified plan.

As a leading independent, fee-only fiduciary consultant, we provide plan sponsors with the ability to better navigate and manage the demanding and changing ERISA regulatory landscape. Our independence provides objectivity, allowing Westminster Consulting to provide clients with impartial advice, time-tested industry-leading insights and improved plan results.

The complexity of the fiduciary plan oversight process is streamlined by utilizing Westminster Consulting’s proprietary Fiduciary Compliance Resource CenterSM (FCRC) technology platform. This secure portal is the first-of-its-kind to provide consistent and accurate plan information in an easily accessible and secure location. FCRC helps plan sponsors control and manage all aspects of plan oversight consistent with the Department of Labor’s ERISA requirements. FCRC is one of the most comprehensive fiduciary management tools available to investment fiduciaries.

At Westminster Consulting, we provide informed insight and seasoned expertise to help investment fiduciaries better manage their legal responsibilities through thoughtful advice, secure technology, and ongoing fiduciary education.

Meet WeStMInSter conSUltInG

“Financial Education can help you take back control of your retirement”

-Mathew Barber, AIF®

Mathew Barber, AIF®Senior Consul tant

Mathew is a Senior Consultant at Westminster Consulting, where he is responsible for the firm’s personal advice and employee education programs.

Mathew leads the firm’s participant education and advice initiative, Westminster Workplace Solutions. Additionally, he develops and promotes Westminster Wealth Management, an investment advisory and financial planning practice within the firm.

Prior to joining Westminster, Mathew was the founder of and wealth advisor at Barber Financial Management in Syracuse, NY, for over 10 years. He has received the industry designation of Accredited Investment Fiduciary (AIF®) and specializes

in benefit consulting and 401(k) planning for businesses and retirement income planning and distribution strategies for pre-retirees and their families.

Mathew is a Syracuse native that thrives on giving back to the community. He can often be found working and donating his time with emerging entrepreneurs and philanthropists in local restaurants and coffee shops. He is also currently on the board of the Baltimore Woods Nature Center and their Finance committee.

Mathew resides in Syracuse with his wife, Michelle, and their two boys. In his free time, he enjoys many active hobbies, including volleyball, CrossFit, running, and golf.

Contact Mathew at mbarber@westminster-consulting.com or 315-440-8646.

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F i n a n c i a l W e l l n e s s S tat i s t i c s

Only 75% of employees are currently saving for retirement!

of employees cite running out of money as a concern of theirs for retirement.

of employees with student loans are stressed about their finances.

of those distracted by their finances at work say that each week they spend about

hours thinking about or dealing with issues related to

their personal finances.

of employees believe their employer cares about their financial well-being.

Millennials are more likely to be loyal to a company that cares about their financial well-being as compared to any other generation.

These statistics were found in the PricewaterhouseCoopers’, “Employee Financial Wellness Survey 2017 Results.” Statistics from this survey are purely educational in nature. To find the origional docu-ment go to https://www.pwc.com/us/en/private-company-services/publications/assets/pwc-2017-employee-wellness-survey.pdf

42%

in 201783%

46%

55%did you know?

2017Millenials 57%

Gen X 59%Baby Boomers 41%

Year Percentage2014 40%2015 36%2016 44%2017 43%

Employees Planning to Postpone Retirement.

What percentage of employees have Financial Stress?

The majority of Millenial and Gen X employees are stressed about their finances.

By Generation:

Which of the Following resources do you most trust for your financial advice and education?

24%

25%

18%

Broker or Investment advisor

10%

10%

8% 6%

Attorney

Accountant

Insurance AgentInternet Site(s)

F i n a n c i a l W e l l n e s s S tat i s t i c s

Family and/or Friend

Independent Financial planner

Which of the Following have been impacted by your Financial Worries?

3

Money ($) Saved For retirement

More than 500,000

Between 300,000-500,000

Between 200,000-300,000

Between 100,000-200,000

Between 50,000-100,000

less than 50,000

2017

2016

28%23% 22%

12%7%

37%

My Health My relationships

at home

My productivity

at work

Missing work occasionally

other none of these

*employees could choose more than one answer to this question

Less than half of all employees (47%) are confident that their needs, and the needs of those who depend on them for financial support, would be met if they were to become disabled.

47%

of women

By Gender: 52%of men40%

said that financial matters cause them the most stress.

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Westminster Consulting, LLC11 Centre Park - Suite 303, Rochester, NY 14614-1115

800.273.0076 www.westminster-consulting.com

WESTMINSTERCONSULTING