Advice & managed Accounts

The ProNvest solution is designed for two different types of participants:

All plan participants are eligible to use the ProNvest planning resources, which include education modules, Web-based tutorials and more. In addition, managed participants receive annual reminders to update their retirement goals, especially if their financial picture changes. All communications and planning results are stored on secure electronics systems for future retrieval.

ProNvest’s features simply overlay onto an existing retirement plan as a value-added service, with no disruption to the existing plan. Using a secure Website or highly personal Participant Service Group assistance, the entire participant population has access to investment guidance and advice services at no cost to the employer, with no account minimums. As each participant completes the ProNvest Retirement Planner, the system will generate a customized portfolio (ranging from conservative to aggressive) modeling techniques. Participants who hire ProNvest will receive the benefits and convenience of fund-specific managed accounts.

Participants who elect to take advantage of ProNvest’s account management service pay an annual fee, billed quarterly.

Option 1

The “Do-It-For-Me” participant can elect to have his or her account actively managed by ProNvest for a nominal annual fee, charged directly to the participant’s account. For the person who doesn’t have the time or wants to leave the investment decisions to the professionals, ProNvest will do all the work. Active management includes automatic rebalancing and ongoing monitoring of the participant’s account, in addition to coaching and assistance during the accumulation and distribution phases.

Option 2

For the “Do-It-Yourself” participant, ProNvest provides no-cost investment advice that can be implemented at the participant’s discretion. For the person who has the time and likes to manage his or her own plan, this service provides planning advice to get started and the ability to update planner information as needed.

ProNvest helps participants close the retirement income gap by improving their retirement outlook. By using ProNvest’s services, participants gain:

• Goal-based money management
• Actively managed accounts
• Lifetime services: pre- and post-retirement
• Quarterly statements and annual reminders
• Comfort in knowing they are working toward their retirement goals

Gap Analysis

As the American population ages, evidence indicates that many of those nearing retirement may be unprepared. In fact, a large number of future retirees are actually facing a “Retirement Income Gap”—a shortfall between the income provided by their savings and the income needed to maintain their current standard of living throughout retirement.

In past decades, retirees relied on Social Security and a company-funded pension. For future retirees, these sources of income may be insufficient or unavailable to sustain the lifestyles of their choosing. In the worst cases, the resulting Retirement Income Gap could leave retirees dependent upon others. ProNvest offers plan and participant level analysis tools.

For the Plan

If requested and a per participant fee:
ProNvest’s “Plan Checkup Analysis” provides valuable information to those responsible for the success of the plan. With information provided by the employer, ProNvest will generate reports detailing how well participants are doing in planning for retirement. These tools help sponsors and providers:

• Periodically analyze participant progress
• Increase the likelihood of participant success
• Monitor the overall health of the plan
• Target education efforts to help participants achieve their objectives
• Meet fiduciary standards and provide employee satisfaction

For the Participant

Many participants have never seen how their plan balance translates into a retirement income stream. ProNvest provides individual gap analysis statements for plan participants based on the participant’s current saving rate and plan balance.

In addition, ProNvest can provide suggested changes for each participant to increase their chances of success in retirement planning.
Since we only know about the assets within the employer sponsored plan, we invite participants to utilize our Retirement Planner to include outside assets that have been set aside for retirement. For many participants, this is the first time that they understand what actions are necessary to properly fund retirement.