Small 401(k) Plans, Big Opportunities
Transcription
Small 401(k) Plans, Big Opportunities
United Of Omaha Life Insurance Company | Companion Life Insurance Company mutual of om aha re tirement ser v ice s Small 401(k) Plans, Big Opportunities E xpand your re ach into the small pl an marke t. We make it e a s y for you. MUGC9309_0713 As a fee-based 401(k) advisor, your business model requires a lot of your resources and expertise. So, why consider the small 401(k) market? Here are three reasons why: 2 Small Plans, More Revenue The reality is that the small 401(k) plan asset-based model could provide greater margins. Your team can earn approximately $25,000 annually on one $10 million dollar plan – while doing less work, with help from Mutual of Omaha. Can you afford to ignore this opportunity? 3 No Need to Divert Time Away From Your Larger Clients With our small market 401(k) plan solution, you can leverage Mutual of Omaha’s resources to provide the same high-quality service, investments and fiduciary standards reflected in your practice today. 1 401(k) Market Opportunity 80,000 60,000 40,000 20,000 0 401(k) Plans under $20M 401(k) Plans Over $100M –Corporate Executive Board Retirement Services Leadership Council, “Winning in the Small Plan Market,” 2012 Imagine the possibilities: if you sell just five $10 million plans through Mutual of Omaha, you’d make $125,000 in annual compensation. You get the credit; we help do the work. $10M Plans x 5 = $125K Annually *For illustrative purposes only. Example assumes no up front compensation and a 25 bps. ongoing trail. Your results may vary. Your Small Plan Assistant Support Every Step of the Way The key to success in the small plan market is efficiency. Small 401(k) plans don’t require the highly customized service model found in open architecture platforms. They are more suited to a turnkey product solution. Our small plan offering will not divert a lot of time and resources from your practice. We will assist you every step of the way, with: We have designed a product solution that incorporates components similar to those found in large, open architecture plan designs, including: •Personalized service •Plan protection options •Institutional mutual funds •Straightforward pricing and fee structure •Multiple QDIA options and non-proprietary mutual funds selected through an independent third-party due-diligence process •Turnkey plan conversion and implementation •Enrollment, employee education and ongoing support •Annual and quarterly reports to help you evaluate the health of the plan The Bottom Line We want to keep things simple and spare your time and resources. You can continue focusing on large plans while profiting as an experienced advisor for a select few quality small plans. Why Choose Mutual of Omaha? We have more than 45 years experience in retirement savings plans and we’re backed by the integrity, stability and security of Mutual of Omaha Insurance Company and its subsidiaries. So, relax and let us help you expand your business to the small plan market. Let us help you sell retirement right. Christine Turnbull CRPS Regional Pension Consultant Mutual of Omaha Phone: 714.222.7699 Email address: [email protected] •A mutual company owned by our policy holders •Strong capital position and solid liquidity •Highly rated •A strong brand people know and trust Justin Parisi Internal 401(k) Wholesaler Mutual of Omaha Phone: 614.408.0609 Email address: [email protected] get retirement right ® United of Omaha Life Insurance Company Omaha, NE 68175 Companion Life Insurance Company Hauppauge, NY 11788 (877) 401-SALE (7253) GetRetirementRight.com 5o celebrating y ears Sellretirementright.comGetretirementright.com Investment options are offered through a group variable annuity contract (Forms 902-GAQC-09 or 902-GAQC-09(CT) or 902-GAQC-09(OR)) 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 licensed nationwide except in New York. Companion Life Insurance Company, Hauppauge, NY 11788 is licensed in New York and 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. Specific features of the Lifetime Guaranteed Income Account (Rider Forms 651-GAQR-10 or 651-GAQR-10(CT) or 651-GAQR10(OR)) vary by state. Restrictions apply. The Lifetime Guaranteed Income Account is not available in Nevada or New York. Services may vary by plan and/or plan size. For producer use only. Not for use by the general public or any plan sponsor.