Advantages with EIP

Advantages for the Employer 

• Single contact is EIP regarding legal plan document, investments, administration, etc.
• Significant reduction in Trustee fiduciary responsibility through our fund review process
• EIP has teamed up with leading edge multi-billion dollar companies
• Thousands of investment choices including mutual funds and managed personal portfolios
• Can add additional funds with no additional expense (recommending approximately 15 funds)
• All charges will be paid through the participants’ accounts directly
• Investment information provided quarterly on plan funds
• Deposit procedures are simplified
• EIP will prepare the Investment Policy Statement for the plan
• Simplified distribution processing
• Form 1099-R’s will be provided directly to participants and filed with the IRS
• Withholding taxes will be deposited directly
• Form 945 will be completed and filed with the IRS
• Administrative reports are timely
• Reduced administrative charges
• Greater retirement plan involvement by participants
• Greater perceived value of benefit by employees
• EIP is making efforts to be more environmentally conscience

 Advantages for the Participant 

• Participants can choose to have their account professionally managed
• EIP performs live enrollment meetings (recommend annually)
• The participant may make electronic transfers between chosen families of funds with no fees or penalties
• The participant may make transfers or inquiries of account balances via Internet daily
• Participants may print statements of their account from the Internet daily
• Ease of portfolio rebalancing at participant’s election between stable and aggressive funds
• Participants may choose asset allocation which meets his/her objectives
• Continued availability of fund selection upon retirement or separation of service
• Timely processing of distribution for terminations, loans and hardships
• Enrollment package includes increased educational materials of investments and planning opportunities
• Easier communication between Employer and participants
• Participants can contact EIP directly regarding all aspects of plan