no-cost-to-employer, csr-supported, saas-based retirement assistance system for moving executives...
TRANSCRIPT
No-Cost-To-Employer, CSR-Supported, SaaS-Based
Retirement Assistance System for Moving Executives from Active
Status to Retiree Status
HR Specialty Products & Services Catalogue Executive Summary
A No Frills Distillation of Vendor’s Marketing Collateral
Thomas A Ference
President & CEO
Human Resources Mining & Distribution Co
Locating, Validating and Accelerating HR Innovation
Office: 219-662-0201
Cell: 630-240-2583
Fax: 219-661-0236
e-mail: [email protected]
Website: www.hrmdco.com
System for Helping Employees Movie from Active to Retiree Status
• Most all retirement information systems that exist today help executives save for retirement but fall short of providing information on how to actually transition into retirement
• This SaaS-Based system and service fills the gap for pre-retirement age executives, current retirees and the aging family members of all active employees
• The service is delivered via: 1) an on-line educational portal 2) a US-based executive advisor center staffed by salaried, credentialed, and licensed advisors and 3) robust insurance and investment exchanges to assist employees execute on institutional solutions
• Users are provided with information and purchasing options in 5 major areas as controlled by the employer ; retirement lifestyle planning; pre age 65 and post age 64 health insurance options; distribution rollover options / all asset investment guidance; income optimization / Social Security; and, risk management related to longevity, morbidity and mortality
• Services are provided at no cost to the employer as they are funded by fully transparent revenue share on exchanges selections
Retirement “Preparation” vs. Actual Retirement “Assistance”
What’s Out There Today
What Else Employees Heed
Employers Do Not Assist with Removing Retirement Roadblocks
• Lifestyle Budgeting /Asset Protection
• Social Security Optimization• Retiree Healthcare / Medicare
Options • Retirement Income Planning /
Guarantees • Rollover and Investing Advice /
Solutions
Employers Assist Employees with Saving for Retirement
• Auto enrollment /auto deferral increases
• Financial education / outside counseling
• Retirement / financial planning tools
• Communication Campaigns• Financial wellness fairs
System Assists with 5 Major Areas at Employer’s Option
#3. Protection
• Have participants planned for both the
expected and unexpected in retirement?
• Have they assessed and planned their
exposure to various risks in retirement?
#2 Health Care
• Have participants examined
their Medicare/health care
options and determined what is
right for them?
• Do they really understand the
costs and how to access the
best coverages?
#1 Investments
• What resources do participants have to support
their lifestyle?
• How should assets be invested to meet their
objectives?
#5 Lifestyle
• What do participants really
want to do in retirement
• How much is it going to
cost?
#4 Income
• How can participants optimize
their income and make sure it
lasts throughout their
retirement?
• Have participants optimized
their Social Security payments?
Executive Concierge Services
SaaS-Based Employee Portal
Next Steps• This product/service is contained in the HR Specialty
Products & Services Catalogue™ • Operational level details about this particular service
provider can be obtained in conference with the vendor• The HR Mining &Distribution Co. is an independent and
contracted representative of the vendor• Upon your request, we will arrange for an introduction
that can range from a simple, quick conference call to a services overview / system demo
• Tom Ference 219-662-0201 (Chicagoland area) or [email protected]
• Thank you for your potential interest in this fresh thinking