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What is a Multiple Employer Plan

Benefits of Adopting the MEP. Adopters relieve themselves of Fiduciary Responsibility

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What is a Multiple Employer Plan

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    1. What is a Multiple Employer Plan? A single qualified trust established by CEA Allows unrelated CEA members to adopt the CEA plan while maintaining: Your individual, specific plan provisions Individual compliance testing for adopters One master 5500 filed for all entities under the WDI Multiple Employer Plan

    2. Benefits of Adopting the MEP Adopters relieve themselves of Fiduciary Responsibility & Liability Relief from the majority of administrative functions Significant reduction in cost of plan Elimination of 3rd party CPA audit (100+ eligible employees)

    3. Who & What is a Fiduciary? You are a Fiduciary if: Exercise discretion over the administration of plan Exercise discretion of the management of the assets of the plan Provide investment advise to the plan or the plan participants

    4. What is my Fiduciary Liability? LaRue v. DeWolff, Boberg & Assoc. “the decision paves the way for individual participants and beneficiaries to sue plan fiduciaries personally for money damages when only individual participants – or groups of participants – are adversely affected by claimed breaches of fiduciary duty.” Reish & Reicher, 2008 Compliance with 404(c) Serve and meet ERISA standards in role as an Investment & Administrative Fiduciary.

    5. Investment & Administrative Fiduciary Responsibilities

    6. Responsibilities under CEA MEP

    7. The Platinum Standard of Delegation By W. Scott Simon 08-06-09 “If an adopting plan cosponsor decides to join the MEP, that employer will not bear any fiduciary responsibility (or liability) at all.”

    8. Why Lincoln? Holistic Approach to Retirement Complete Fiduciary Package Strong Investment Story Stadion Managed Money Strategic Alliance with Pinnacle (TPA)

    9. A Diversified Investment Lineup The third driving principle behind the Lincoln DirectorSM program is its powerful investment story. Here you see the names and logos of the investment managers that are part of the Lincoln DirectorSM lineup. These are nationally recognized names that you and your employees know. And from this outstanding list you can customize a lineup of your choosing. There are enough investment options in each asset class for you to do that. The third driving principle behind the Lincoln DirectorSM program is its powerful investment story. Here you see the names and logos of the investment managers that are part of the Lincoln DirectorSM lineup. These are nationally recognized names that you and your employees know. And from this outstanding list you can customize a lineup of your choosing. There are enough investment options in each asset class for you to do that.

    10. Lincoln Ibbotson Insight Series A subset of the full Lincoln DirectorSM investment lineup Selected by Ibbotson Associates Advisors A nationally known Registered Investment Advisor A wholly-owned subsidiary of Ibbotson Associates, Inc. A provider of integrated investment knowledge, leading-edge technology, and expert advice systems Ibbotson acts as investment fiduciary to your plan OPTIONAL SLIDE At Lincoln Financial, we recognize the difficult choices employers have to make, even with the quality investment lineup available through the Lincoln DirectorSM product.  That’s why we have also partnered with Ibbotson Associates Advisors to bring you the Ibbotson Insight Series, a select subset of the full Lincoln DirectorSM lineup, tailored to fit your needs and help your employees achieve retirement income security.  In addition to a simplified selection process, you benefit from the security of knowing your investment lineup has been selected through the diligent process of a nationally known independent Registered Investment Advisor who will act as your investment fiduciary.  OPTIONAL SLIDE At Lincoln Financial, we recognize the difficult choices employers have to make, even with the quality investment lineup available through the Lincoln DirectorSM product.  That’s why we have also partnered with Ibbotson Associates Advisors to bring you the Ibbotson Insight Series, a select subset of the full Lincoln DirectorSM lineup, tailored to fit your needs and help your employees achieve retirement income security.  In addition to a simplified selection process, you benefit from the security of knowing your investment lineup has been selected through the diligent process of a nationally known independent Registered Investment Advisor who will act as your investment fiduciary. 

    11. Lincoln Ibbotson Insight Series Investment selection process OPTIONAL SLIDE Ibbotson Associates Advisors begins selecting investment options for the Ibbotson Insight Series lineup with a list of core asset classes that constitute a prudent investment lineup tailored to your plan.  Step 1: Ibbotson analyzes the 93 investment options of the full Lincoln DirectorSM lineup Step 2: Ibbotson filters the options through peer group rankings and selects only those with the most consistent style Step 3: Using a detailed manager questionnaire, Ibbotson screens the options to determine the final set offered to you Step 4: Ongoing, quarterly monitoring helps to ensure the investments meet the rigorous selection criteria Ibbotson assumes a fiduciary responsibility in selecting and monitoring the investment options and keeps you informed through quarterly review reports. OPTIONAL SLIDE Ibbotson Associates Advisors begins selecting investment options for the Ibbotson Insight Series lineup with a list of core asset classes that constitute a prudent investment lineup tailored to your plan.  Step 1: Ibbotson analyzes the 93 investment options of the full Lincoln DirectorSM lineup Step 2: Ibbotson filters the options through peer group rankings and selects only those with the most consistent style Step 3: Using a detailed manager questionnaire, Ibbotson screens the options to determine the final set offered to you Step 4: Ongoing, quarterly monitoring helps to ensure the investments meet the rigorous selection criteria Ibbotson assumes a fiduciary responsibility in selecting and monitoring the investment options and keeps you informed through quarterly review reports.

    12. About Stadion Registered Investment Advisor Pioneering 401(k) investment advice and account management since 1995 First to offer investment advice at no cost First to offer active account management First to offer managed accounts as a QDIA Over 8,000 Plan Sponsors have selected Stadion

    13. Cost of Going It Alone

    15. Stadion’s Investment Strategy seeks to capture most of the market’s good times and miss most of its bad times. We do this by actively managing risk through tactical asset allocation. Stadion’s Investment Management Process

    16. Stadion Managed Satellite Funds Through 6.30.10

    17. Risk Statistics

    18. Stadion QDIA Warranty

    19. The Cost Annual CEA member Adopter Fee: $995 One time set up fee $150 Annual participant fee (paid by participant or adopting member): $30

    20. How to Adopt Schedule time to speak with Loel Heupel Complete and sign the “Member Participant Checklist” Provide necessary paperwork to Pinnacle: Plan Document, SPD, prior years 5500s

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