GSRS Small Business Product - Manulife

GSRS Small Business Product - Manulife

IntroducingManulifes FutureStepTM Group RRSP Offering a group savings program has never been easier for small business Agenda Understanding of your needs The Manulife FutureStepTM Group RRSP Product details Product options Service and support Next steps

Unique Small Business Issues Attracting talent Competing with large firms When you lose a key person: you feel it Knowledge-based small businesses Day one employees How do you create effective retention strategies? Important features Low cost Little time or effort to run

Easy to understand Youre an expert in your business not group retirement savings High employee value and impact Employee attitudes influenced by a company retirement plan Question: I think of my employer more positively because of the retirement plan offered as part of my compensation 4th annual Benefits Canada Capital Accumulation Plan Member Survey 2009 n=1271

2008 n=1195 2007 n=1122 2006 n=1122 Employees reluctant to leave because of the company retirement plan Question: I would be reluctant to leave my employer because of the retirement plan offered as part of my compensation package 4th annual Benefits Canada Capital Accumulation Plan Member Survey 2009 n=1271 2008 n=1195 2007 n=1122

2006 n=1122 Manulife has a solution The FutureStep Group RRSP Manulifes FutureStep Group RRSP Works with your compensation approach Enhances employee appreciation and loyalty Helps you gain a competitive edge Tangibly conveys your concern for employees' life after work Contributes to employees financial security

Creates a workplace in which your employees want to stay for the long term Get started with as little as Two members Contributions of $10,000 annually (cashflow) as a group No cost to you, unless you choose to contribute on employees behalf FutureStep Options We work together during set up You choose who contributes Company only Company + Employee

Employee only FutureStep Options You may choose if you want different rules for different employees e.g. management vs. non management Either way, you will have One contribution file One set of online reports FutureStep Options You choose plan design(s) that suit you Eligibility

Contribution formula Definition of earnings Manulife issues contracts for review immediately FutureStep Options Employees may set up spousal RRSP accounts Two types of withdrawal restrictions Not allowed while employed Excludes Home Buyers Plan, Lifelong Learning Plan, and employee voluntary contributions, or Allowed while employed FutureStep Fund line-up

Employees choose their investments One fund line-up Managed by Manulife Monitored by i-Watch Covered by Certified Diversified Warranty Program One very competitive fee Varies by fund FutureStep Fund line-up Range of choices for all types of investors No touch - Retirement Date Low touch - Asset Allocation High touch - selection of build your own funds

Default Primary: Retirement Date Secondary (if date of birth is missing): Moderate Asset Allocation Fund FutureStep Fund line-up Target Date Manulife Retirement Date suite of funds (2015 2050) 1.85% Manulife Retirement Income Fund (2000) 1.85% Asset Allocation Manulife Asset Allocation suite of funds (2001 2005) 1.80% Fixed Income

Manulife Daily High Interest (3191) 1.40% MLI Canadian Money Market (3132) 1.50% MLI PH&N Bond Fund (4271) 1.75% MLI MFC Global Pooled Canadian Bond Index (4191) 1.52% Balanced MLI Leith Wheeler Diversified Pooled (5301) 1.80% MLI Fidelity Canadian Asset Allocation (5141) 2.15% Canadian Large Cap Equity MLI Jarislowsky Fraser Canadian Equity (7241) 1.75% MLI Scheer Rowlett Canadian Equity Fund (7601) 1.85%

MLI Greystone Canadian Equity Fund (7481) 1.75% MLI MFC Global Pooled Canadian Index (7132) 1.53% Canadian Small Cap Equity MLI MMF Growth Opportunities (7122) 1.95% US Equity MLI U.S. Diversified Growth Equity (Wellington) (8196) 2.00% MLI MFC Global Pooled US Equity Index (8131) 1.53% International Equity MLI International Equity (Templeton) (8192) 2.10% MLI BlackRock International Equity Index Fund (8321) 1.65% Global Equity MLI Trimark Fund (8181) 2.05% MLI McLean Budden Global Equity Fund (8161) 1.80%

Other Investment Options Group Investment Accounts 1, 3, 5 year terms FutureStep GIA rate Lower fees = High impact A difference of over $23,000 after 25 years Value of your savings $250,000.00 Impact of fees on your retirement savings

$205,490 $181,604 $200,000.00 A difference of $23,886! $150,000.00 $100,000.00 $50,000.00 $1 3

5 7 9 11 13 15 17

19 21 23 25 Years Investing in Manulife Small Business Group RRSP - average fee of 1.75% Investing in Canadian Equity mutual fund - average fee of 2.45% Assumptions:

$25,000 initial transfer, $3,000 annual contributions. gross annual return of 6% (reduced by management fees). Source : Globefund- Canadian Equity category as at February 28, 2010 Member Reward Program For any member whose balance in the plan is... Their IMFs decrease or GIA increase by

$25,000 to $39,999 0.10% $40,000 to $59,999 0.20% $60,000 plus 0.25% Member with $60,000 could have Retirement Date fund at 1.60%

Impact of Member Reward Program Your employees may wish to transfer in their personal savings Effect of fees on your retirement savings $350,000.00 $320,038 A difference of over $54,000 after 25 years Value of your savings

$300,000.00 $265,322 $250,000.00 $200,000.00 $150,000.00 Assumptions: $100,000.00 $50,000.00 $0.00 1

3 5 7 9 11 13 15

17 19 21 Year RRSP - average fee of 1.50% Investing in Manulife Small Business Group Investing in Canadian Equity mutual fund - average fee of 2.45% 23 25

$60,000 initial investment, $3000 annual contributions (based on $50,000 annual salary with 3% employer contributions and 3% employee contributions), gross annual return of 6% (reduced by 1.50% for the Manulife Group Plan and 2.45% for the average Canadian Equity Fund. Note:Member Rewards Program reduction in fees has been included in this example. Source: Globefund

Canadian Equity category as at February 28, 2010 Support during FutureStep set up National Service Consultant Dedicated, proactive support for small business employers Invited to a webcast to get you started Plan Administration Guide Ongoing Support National Service Consultant support continues 1-800 Plan Sponsor Call Centre Secure sponsor website Make contributions, access statements online

Pre-authorized debit Newsletter and other resources Launching to your Employees Three options [your name here if you will do in person employee meetings] Online multi-media presentation 1-800 Financial Education Specialists Monday to Friday, 9 a.m. to 5 p.m. ET Employee Enrolment Support Enrolment package with booklet Award winning Easy to use

Plain language Supports selecting investments Ongoing Member Support Annual electronic statement in December Secure website Steps Retirement Program Online and phone transactions Paper transactions not recommended 1-800 Member Call Centre Monday to Friday from 8 a.m. to 8 p.m. ET Why the FutureStep Group RRSP?

For you A low cost, high value way to attract and retain employees Quick to set up, easy to manage One low fee associated with each fund Top quality product, very competitive price for your employees For your employees Low fees so retirement savings grow faster First-class services and support Access to financial advice [include if you will be providing this service] Next steps [fill in your next steps here]

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