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PLAN SPONSORS IN
the
manufacturing industry have unique needs; designing
successful retirement plan solutions to meet these needs
can pose a formidable challenge. Advisors can better
serve their clients and attain a competitive advantage
by adopting a flexible approach to designing a
retirement plan that delivers a compelling combination
of services tailored to address the unique needs of
manufacturing companies.
What
makes manufacturing firms unique?
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Shift differentials
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Language barriers
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Fewer traditional desk jobs— less access to
computers at work
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Employees of all education levels and skill sets
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Greater reliance on defined contribution plans—
manufacturing firms have more frozen defined benefit
plans than other industries
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Increasing use of employer matching contributions
Advisors demonstrate flexibility and breadth of
capabilities by providing customized retirement
solutions, at both the plan sponsor and participant
levels. Advisors can help manufacturing industry plan
sponsors achieve higher participation and deferral rates
through better promotion of defined contribution plan
benefits, use of automated services and targeted
education campaigns.
In today’s regulatory environment,
plan sponsors also require more compliance support from
outside vendors than in the past. Advisors can provide
value to their clients through technical communications
and personal support to guide them through the vast
changes initiated by the Pension Protection Act of 2006.
Continued innovation in defined contribution plan design
enables advisors to
partner with
plan sponsors to meet the needs of participants at all
life stages through
tools such as:
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Simplified decision making through automatic
enrollment and deferral escalation,
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Simplified investment solutions through asset
allocation funds and automatic rebalancing,
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Professionally managed accounts
Diversified Investment Advisors has demonstrated
expertise in meeting the needs of manufacturing firms.
To learn more about Diversified, call 800-770-6797 or
visit their Web site at
www.divinvest.com.
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