Retirement Made Easier for Your Employees

Retirement used to be more simple, with pension plans deferring employee compensation to help ensure there would be money for retirement. The burden of saving for retirement has now shifted to employees, and a defined-contribution plan often isn’t enough to help them. Today, competitive benefits packages include tools and information to help employees make educated decisions when it comes to their retirement plans. Morningstar ® Retirement ManagerSM can help your employees by providing them with a comprehensive, personalized plan designed to help meet their retirement goals and provide them with support from investment professionals who will monitor the investments in their retirement account.

What Employees Get

Personalized Investment Strategies: Morningstar Retirement Manager provides each employee with a no-obligation personalized retirement plan including:

• A projection of the retirement income they’ll probably need and what they are likely to have based on what they’re saving now
• Recommendations for how much they should save and when they should consider retiring
• A personalized asset-allocation strategy
• The ability to personalize the plans based on a variety of details, including when they want to retire, how much money they will need, other retirement accounts, and any spousal information

With Morningstar Retirement Manager, our investment professionals can implement the recommendations for your employees, adjust the strategy as needed, and take care of the ongoing details of managing their retirement portfolios. Employees can also opt to take our advice and manage their accounts themselves.

Fiduciary Support

Our service can help employers manage their fiduciary responsibilities:

• Morningstar Investment Management accepts fiduciary responsibility for the advice provided through Retirement Manager
• The advice service is offered for use in making decisions about the allocation of assets in the employee’s account. The employee is then responsible for making his or her own investment allocation decisions, and are free to accept or reject, in whole or in part, the investment allocation recommendations made by the advice service
• If the employee elects to have Morningstar Investment Management manage the account with the managed account service, Morningstar Investment Management is the investment manager with discretionary authority

• Calculate and administer corrective distributions for failed non-discrimination testing
• Approve applications for hardship withdrawals
• Validate in-service withdrawal requests
• Calculate loan maximums
• Approve and administer Qualified Domestic Relations Orders (QDROs)
• Calculate required minimum distributions and notify employees of requirements
• Process separation-of-service and force-out distributions

• Determine employee eligibility and plan entry
• Monitor loan defaults
• Review and upload vesting to plan providers
• Review suspension of deferrals for hardship withdrawals
• Receive and reciprocate employee deferral elections to payroll provider

• Prepare and distribute annual notices:
  • 404(a)(5) fee disclosure
  • Qualified Default Investment Alternative (QDIA) notice
  • Safe harbor notice (if applicable)
  • Employee Direction Notice under 404(c)
  • Automatic Contribution Notice (if applicable)
• Prepare and distribute summaries of material modifications as needed

• Prepare signature-ready Form 5500
• Prepare and e-file Form 8955-SSA
• Prepare and distribute summary annual report
• Review and reconcile large-plan Form 5500 and audit report
• Verify required annual employer contributions

We will sign on in an agreement with your client to act as a 3(38) Fiduciary on the plan. We will be bonded and contractually obligated to take full responsibility for the investment process.

We will create a custom investment policy statement for your client’s plan.

We will provide you a 404(c) compliant retirement plan fund line-up or screen and assess a line-up you provide to us.

We will produce and provide proprietary quarterly investment monitoring reports on all the funds in the plan. If a fund is failing our criteria, we will provide a replacement option and necessary notices.

• Total Cost of Operation Analysis (TCO) during sales cycle
• Annual Fiduciary Benchmarking Report
• Periodic presentation on current 401(k) Advisor trends
• Access to 401K Book of Averages
• Vendor analysis and RFP support

• Continued support during all stages of your business & career (starting out to seasoned veteran)
• Webinars & In-person training
• Full-picture support - from marketing, operations, client experience, and communication. We help you support your business from all angles
• Advisor Summit annual event in Salt Lake City
• Retirement Authorities Podcast that provides weekly conversations & content to help you grow and stay connected

• Targeted Prospecting Lists
• Prospect review & opportunity support
• 401(k) prospecting and sales training
• Targeted marketing collateral
• Flyers, one-pagers, co-branded articles, marketing, and proposals
• In-person and/or virtual sales meeting support
• Use of our Retirement Authorities Podcast platform to introduce yourself and add value to prospective clients

• Continued & consistent educational support for your clients
• Downloadable PDF's (digital & print)
• Access to financial Finesse & BALANCE to maintain your clients financial fitness

• Customized, Advisor Branded Client, and Participant targeted messaging through our CRM and Recordkeeping system
• Annual and periodic participant disclosure delivery
• Fund change notifications & eDelivery
• Legislative change communications

• Comprehensive development tool that allows you to grow your practice at every stage
• Complete access 24/7
• Develop your strategic planning, prospecting, profiling, presentation skills, and implementation services.