Table of Content
- Header
- Agenda
-
Introduction
- Our Philosophy
- Diversity, Inclusion and Belonging
- Diversity, Inclusion and Belonging 2
- Retirement Consulting Services
- Retirement Consulting Services 1
- Current Clients
- Your NFP Team
- Your NFP Team
- NFP
-
Retirement
- Scope of Services Understanding and Proactive Service Plan
- Scope of Services Understanding and Proactive Service Plan1
- Scope of Services Understanding and Proactive Service Plan2
- Scope of Services Understanding and Proactive Service Plan3
- Fiduciary Compliance
- Fiduciary Compliance1
- Fiduciary Compliance2
- Fiduciary Compliance3
- Investment Analysis
- Investment Analysis1
- Investment Analysis2
- Investment Analysis3
- Investment Analysis4
- Investment Analysis5
- Target Date Fund Consulting
- Target Date Fund Consulting1
- Target Date Fund Consulting2
- Target Date Fund Consulting3
- Target Date Fund Consulting4
- Defined Benefit Consulting Services
- Defined Benefit Consulting Services1
- Defined Benefit Consulting Services2
- Defined Benefit Consulting Services3
- Defined Benefit Consulting Services4
- Defined Benefit Consulting Services5
- Defined Benefit Consulting Services6
- Defined Benefit Consulting Services7
- Fee Benchmarking
- Fee Benchmarking1
- Fee Benchmarking2
- Case Study: RYAM
- Services and Fees
-
Wellcents
- Introduction
- Introduction1
- Introduction2
- Introduction3
- Introduction4
- Introduction5
- Introduction6
- Introduction7
- Introduction8
- Employee Experience
- Employee Experience1
- Employee Experience2
- Employee Experience3
- Financial Planning Topics
- Financial Planning Topics1
- Case Study
- Reporting
- Proposal of Services and Fees
-
Executive Benefits
- Why We’re Different
- MyDeferral
-
Bringing It Together
- The NFP Difference
- For You
- For Your Employees
- Footer
Agenda
Diversity, Inclusion and Belonging
Our diversity, inclusion and belonging programs and practices are designed to support our employees, clients, supplier partners, and the communities where we live and work.
Employees are encouraged to engage, connect and get involved in our Business Resource Groups, collaborative and supportive forums where both members and their allies join with the community at large to ensure member development, enhance inclusivity and align with NFP’s business objectives.
Retirement Consulting Services
NFP Retirement Footprint
Retirement Plan Consulting Services
State-of-the-art processes to enhance participant outcomes and mitigate fiduciary risks.
Current Client Relationships
Your NFP Team
Greet every day with confidence.
Complex risks will always be part of life, and managing them well requires specialized expertise. Expertise that understands what you need to protect what you’ve built. Let NFP take the worry out of protecting it all and help you build for the future.
Scope of Services Understanding and Proactive Service Plan
Proactive Service Plan
First Year Gap Analysis
Know What to Expect
Work Off Your Plate - work between committee meetings
Fiduciary Compliance
Fiduciary Support Snapshot
Fiduciary Education Modules
Documentation
Compliance Calendar
Investment Analysis
Investment Analysis Snapshot
Investment Committee
Scorecard System
Exclusive Investment Fee Negotiation
Lower Fee - Collective Investment Trusts (CITs)
Target Date Fund Consulting
Target Date Fund Snapshot
DOL Guidance on Target Date Funds
Differences Among Off-the-Shelf TDF Glidepaths
Innovation – Solving for Participant Misfit Risk
Solve for this risk by offering multiple risk-based glidepaths, allowing participants to choose their own path to retirement based on their personal needs and preferences.
Plan Risk Profile
Defined Benefit Consulting Services
Overview
Process
Discretionary 3(38) Investment Services
Dynamic Asset Allocation
Sample Investment Policy Guidelines
•Constraints around the policy mix allow for some flexibility along the funding glidepath while minimizing risk relative to the liability.
Asset/Liability Study Reports
De-Risking and Plan Shrinking Options
Summary of Defined Benefit Services
Investment advice – IPS construction, dynamic asset allocation and investment manager due diligence
3(38) services – Outsourced investment management following the Investment Policy Statement and dynamic asset allocation approach
Legal resources – Access to ERISA specialists
Lump sum/Annuity cost benefit analysis – Understand associated costs and savings as well as implications for funded status
Regulatory updates and education – Stay up to date on the latest regulatory changes
Provider benchmarking – Ensures clients receive competitive provider pricing and services
Fee Benchmarking
Factors that Impact Pricing
We maximize your negotiation leverage by looking at all the details of your plan and service contract
Provide Analysis Process
Disciplined, measured and results oriented.
Case Study: RYAM
Case Study: RYAM (Rayonier Advanced Materials)
Pension Plan: $345MM, Empower/Matrix, current funded status 92%
- Incorporated LDI with automatic glidepath triggers in December 2019 when funded status was 81%
- Reduced investment expenses by 23% with exclusively priced CITs and a custom liability hedging separate account
- Reduced Total Plan Cost (administration, actuarial, custodian/trustee, audit fees) by nearly 50%
401(k) Plan: $115MM, Empower transitioning to Fidelity
- Reduced recordkeeping fees from 0.17% to 0.055% from 2017 to current
- Reduced weighted investment expenses from 0.45% to 0.24%
- Participation rate 79% with an 8.6% contribution rate
Services and Fees
Introduction
Why Effective Communications Matter
Communication impacts employee's satisfaction more than benefits offered.
Why we developed WellCents
NFP’s Financial Wellness Solutions
Initial Outreach Case Studies
Financial Planning as an employee benefit
Promotion and Engagement
Proactive employee outreach efforts with contests and prizes encourage employees to participate.
Custom campaigns to drive engagement
Incentive Promotion Campaign
Employee Experience
WellCents Scores and Priorities
Scheduling One-on-One Sessions
Meeting Confirmations, Instructions and Reminders
Financial Planning Topics
Financial Planning Topic Details
Financial professionals provide the knowledge to meet your employees where they need it most
Save, Invest, Borrow, Build
Case Study
Reporting
Employer Financial Wellness Reporting
Proposal of Services and Fees
Executive Benefits
NFPEB offers 185+ employees across the United States and provides comprehensive Executive Benefit consulting services to Taxpayers & Nonprofits.
Why We’re Different
We have a singular focus: to build a competitive executive benefit package for your key people.
Nonqualified programs cater to the needs of an organization’s key employees. The administration platform of such a program should not be a “on-size-fits-all” solution. The robust capabilities and potential flexibility of nonqualified plans require a team and a platform completely dedicated to the unique needs of an organization’s highly compensated employees. In acknowledgement of these requirements, we designed and maintain our own proprietary solution to provide the level of service that a nonqualified program deserves.
Our clients benefit from our strategic solutions, delivered through one-on-one support and a full-service business model that sets us apart from our segmented and non-independent competition: Advise, Implement, Service.
MyDeferral
The NFP Difference
For You
NFP connects people with information to make informed decisions.
While the insurance industry struggles to embrace digital, and the technology start-ups lacks insurance know-how, NFP combines industry-leading insurance expertise with a proven track record of delivering innovative, best-in-class technology with a focus on providing a better user experience. And it starts with our platform, NFP Connect.
Your NFP Client experience starts with your Client Portal.
Personalized: Configured specific to each client with a unique user profile
Informative: Unified view of all milestones and deliverables
Smart: Content curated for you by our industry thought leaders
On Demand: Anytime, anywhere access to all your policies, contracts, data, and proposals
For Your Employees
Connect Individual supports your individual employee's access for all business lines (employee benefits, individual personal lines, retirement, and executive benefits).
Features Include:
• Card Keeper – offering the ability to digitally save, view, and share all insurance cards.
• InsurChoice – our digital marketplace offering a menu of individual products to pick and choose from.
• My Employer Benefits – an area configured specially for the employer with links to benefits from both employee benefits, executive benefits (My Deferral) and retirement (WellCents).
Employees can view:
- Coverage options
- Plan details
- A library of resources
- A directory of contacts
- Links to third party enrollment platforms and point solutions
- A Bulletin Board for company specific messaging
• Interesting Reads – our library of employee wellness newsletters and tips
