SS&C Technologies 401(k) Retirement Savings Plan

Transcription

1 SS&C Technologies 401(k) Retirement Savings Plan Greg Mendoza, CRPS Robert Jermine, CRPS Retirement Plan Consultants Flagship Financial Partners UBS Financial Services Inc Page 1 of 18

2 Your Retirement Savings Plan Wise Choices Today Help Build Secure Tomorrows Page 2 of 18

3 Reasons To Save For Retirement People Are Spending More Time In Retirement Advantages of your retirement savings plan Page 3 of 18

4 Advantages of Your Retirement Savings plan Several Important Benefits Discipline of payroll deductions Advantages of your retirement savings plan Contribution automatically withheld before you receive your paycheck Tax advantaged Current tax savings (i.e., pretax contributions) Tax-deferred earnings Control and flexibility Professionally managed investment options Neither UBS Financial Services Inc., nor any of its employees provide tax or legal advice. You must consult with your tax and legal advisors regarding your personal circumstance. Page 4 of 18

5 What's Happening With Your Plan(s)? 2018 DST Plan 2019 DST Employees will continue to participate in the DST Plan until 12/31/18 Effective 1/1/2019, the DST Plan participants can begin contributing to the SS&C Plan Individual participant balances will remain in the DST Plan, until a participant has a distributable event, i.e. separation from service, retirement, or attainment of age 59 ½ SS&C Plan All former DST employees will be eligible to participate in the SS&C Plan, effective on 1/1/19 Participants will be automatically defaulted in the an age-appropriate target date fund, unless they make an affirmative election to other investment option(s) Participant deferral percentages will not carry over from DST to SS&C Page 5 of 18

6 SS&C Technologies 401(k) Retirement Savings Plan Basics Employee Contributions: Employees may make pre-tax contributions of 1% to 50%, max of $18,500 (2018) Roth (after-tax) contributions available Age 50 and older Catch-Up Contributions: Additional employee contribution of up to $6,000 (2018) Plan allows you to borrow from your savings (A fee may apply) Minimum amount of $1,000 (max of 2 loans outstanding at one time) Maximum of 50% of vested account balance or $50,000, whichever is less Page 6 of 18

7 SS&C Plan Provisions Benefit SS&C Effective Matching Formula 100% Match on first 6% - Cap $8,000 Auto Enroll 3% Auto Increase 1-10%, Opt In Roth Conversions Yes Retirement Distributions Systematic, Lump Sum or Partial Normal Retirement Age 59 ½ Vesting 100% Immediate Page 7 of 20

8 Loan Provisions DST Existing loans remain active on the plan and will continue the existing repayment schedule New loans will have the following provisions: 50% of vested balance up to $50,000 DST and SS&C plan assets will be aggregated for purposes of calculating max loan amount Loan repayment schedule in accordance with plan document Page 8 of 18

9 Beneficiary Designations Beneficiary Information will not carry over from your existing plan Update beneficiary information online, over the phone or with a beneficiary designation form available from Fidelity If you are not making your spouse 100% beneficiary, spousal consent is required Page 9 of 18

10 Making Your Investment Decisions How Much Should I Save? Page 10 of 18

11 4 Options On How To Invest Choose Your Own From Plan Investment Menu Self-Directed Brokerage Account Target-Date Funds Stable Value Investment Option Page 11 of 18

12 Investment Options Page 12 of 18

13 Ibbotson SBBI Stocks, Bonds, Treasury Bills, and Inflation Advantages of your retirement savings plan This graph illustrates the hypothetical growth of inflation and a $1 investment in four traditional asset classes over the time period January 1, 1926, through December 31, Small stocks in this example are represented by the Ibbotson Small Company Stock Index. Large stocks are represented by the Ibbotson Large Company Stock Index. Government bonds are represented by the 20-year U.S. government bond, Treasury bills by the 30-day U.S. Treasury bill, and inflation by the Consumer Price Index. Underlying data is from the Stocks, Bonds, Bills, and Inflation (SBBI ) Yearbook, by Roger G. Ibbotson and Rex Sinquefield, updated annually. An investment cannot be made directly in an index. Past performance is no guarantee of future results. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in an index. Morningstar. All Rights Reserved. Page 13 of 18

14 Tools to Help With All Aspects of Your Finances UBS Financial Wellness Center An online resource available to all participants Curated by UBS wealth management professionals A multimedia experience with videos, podcasts, tutorials, articles and worksheets Information and insights for every life stage and major life events starting out, managing priorities, nearing retirement Empowering plan participants to make smarter financial decisions Improve retirement readiness and overall financial wellness Page 14 of 18

15 Where To Go For Help? If you would like to: Check account balances Execute transactions Enroll in the Plan Change your contribution amount Access your retirement account online Contact Fidelity at (877) Contact UBS at (888) Obtain information about the Plan and its provisions Obtain information about the investment options in the Plan Receive investment education Receive financial planning or investment services Page 15 of 18

16 Fidelity Login And Contact Info Page 16 of 18

17 Action Items Open enrollment window from December 1 st December 30 th allowing participants to enroll in the SS&C Retirement Plan Participants must elect their deferral percentage and investment selections If an election is not made during the open window, participants will be auto-enrolled and placed into the plan's default investment alternative (target date fund) Beneficiary information will not carry over into the SS&C Plan and must be added Existing loans will remain active on the DST plan, new loans maximums will be based off both plan balances Contribution changes transpire on the first of the month following the month changes are entered Page 17 of 20

18 Questions? We Are Here To Help Flagship Financial Partners UBS Financial Services Inc. Greg Mendoza, CRPS, AIF Senior Retirement Plan Consultant 750 Washington Boulevard Stamford, CT Robert Jermine, CRPS Senior Retirement Plan Consultant 750 Washington Boulevard Stamford, CT Page 18 of 18

19 Disclosures and important information Important Disclosures The information and data in the presentation may be deemed reliable; however, their accuracy and completeness is not guaranteed by UBS Financial Services Inc and providing you with this information is not to be considered a solicitation on our part with respect to the purchase or sale of any securities, investments, strategies or products that may be mentioned. In addition, the information and data used are subject to change without notice. This presentation is for informational and educational purposes only and should not be relied upon as investment advice or the basis for making any investment decisions. The views and opinions expressed may not be those of UBS Financial Services Inc. UBS Financial Services Inc. does not verify and does not guarantee the accuracy or completeness of the information presented. Depending on your needs we can help you implement your retirement strategies through both our brokerage and advisory capabilities. Asset Allocation and diversification does not guarantee a profit or protect against a loss in a declining financial market. The DC Advisory Consulting Services investment advisory program has been renamed the UBS Retirement Plan Consulting Services Program (RPCS). Only the name has been changed, services and other program details remain the same. Details regarding the RPCS Program including fees, services, features and suitability are provided in the DC Advisory Program ADV Disclosure. It is important that you understand the ways in which we conduct business and the applicable laws and regulations that govern us. As a firm providing wealth management services to clients in the U.S., we are registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor and a broker-dealer, offering both investment advisory programs and brokerage services. Though there are similarities among these services, the investment advisory programs and brokerage services we offer are separate and distinct, differ in material ways and are governed by different laws and separate contracts. For more information, please visit our website at ubs.com/workingwithus. UBS Financial Services Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. Clients should seek advice based on their particular circumstances from an independent tax advisor. UBS The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC. 10/4/2016 Page 19 of 18