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Understanding Your 401(k) Workplace Savings Plan: A Guide to Retirement Savings

Join us for a comprehensive presentation on the benefits and details of your workplace savings plan. In this session, we will cover what a workplace savings plan is, why saving for retirement is essential, and how much you should aim to save. Learn about our 401(k) plan details, including employer matching contributions and investment options. We will also address common questions and concerns. With expert insights and valuable resources, you’ll have everything you need to take the first step toward financial security in retirement.

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Understanding Your 401(k) Workplace Savings Plan: A Guide to Retirement Savings

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Presentation Transcript

  1. Enrollment Presentation*|COMPANYNAME|* By: *|FANAME|*

  2. Introduction • Name • Quick personal bio • Misc.

  3. Today’s Agenda • What is a Workplace Savings Plan? • Why should I save for retirement? • How much should I save? • 401(k) Plan details • Questions and Answers

  4. What is a Workplace Savings Plan? • A benefit offered to you by your employer • You can choose to participate • You invest “pre-tax” money • Deducted from your paycheck

  5. Employer Match* • Add details on the match if this plan is offering it • Why it is important?

  6. Why should I save for retirement?

  7. Don’t Be Another Statistic

  8. Social Security Won’t Be Enough Social Security 37% Pensions/Retirement Plan 19% Other 3% Earnings 30% Source: Social Security Administration, Income of the Aged Chart book, 2010, released March 2012

  9. How much should I save?

  10. Amount Needed in Retirement Savings The above sums assume your portfolio will earn a 6% annualized return during the course of your retirement and endure 2% annual inflation erosion.

  11. Increased Years in Retirement

  12. How much can I contribute? IRS Regulations may limit certain “highly-compensated employees”

  13. Things to Consider • Lifestyle you want in retirement • Potential medical expenses • Planned retirement age • Life expectancy

  14. PAi 401(k) Plan Details

  15. Plan Highlights

  16. Investments • Diversification • Asset Classes • Risk/Return Profiles • Investment Philosophy

  17. Investment Lineup

  18. Participant 401(k) Fees • Recordkeeping Fee - $4 per month • PAi Trust – 0.07% of account balance (annual) • Example: Balance of $10,000 = $7.00 per year • Advisor Fees – • Example: Balance of $10,000 = X per year • Average Investment Expense Ratio • Example: Balance of $10,000 = X per year

  19. Technology: How to Enroll • Easy-to-use online platform • Check your balance • Transfer money between investments • And much more

  20. Service: Have Questions? • PAi and I are always here to help • Feel free to call me with any questions • FA Contact Information • Or contact PAi: • Phone – 800-236-7400 • Email – planservice@pai.com

  21. You are on your way! Take the first step and enroll

  22. Questions?

  23. Feel free to contact PAi with any questions! Available Monday – Friday, 8 am to 5 pm 1-800-236-7400 planservice@pai.com www.pai.com

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