Plan Health Pro^®

An Assessment of Retirement Plan Effectiveness Designed to Provide Better Participant Outcomes

This comprehensive evaluation provides advisors with a process for examining and documenting their clients' overall administrative roles and responsibilities, and to highlight a prudent fiduciary process.

Plan Health Pro  provides a summary report  upon the completion of a series of questions offering guidance on plan health, retirement readiness and due diligence. The report provides discussion points with the plan sponsor for improving plan effectiveness.

• Plan Health: Measures the effectiveness of the due diligence process and participant retirement readiness with consideration given to participant communication and investment strategies.
• Retirement Readiness: Considers plan objectives, plan design and average savings rates to indicate how likely participants are to have saved sufficiently for retirement.
• Due Diligence: Examines documentation, scheduled reviews and service provider responsibilities to help evaluate the effectiveness of the due diligence process.

American Century Investments^® developed Plan Health Pro to help retirement professionals organize information to effectively fulfill regulatory responsibilities and to consistently evaluate plan effectiveness. The resource may also be a valuable prospecting tool as it helps:

• Identify plan objectives and measure progress
• Maintain client and plan history electronically
• Educate new officers and committee members
• Communicate roles and responsibilities by service provider

This information is intended for general information on the subject of retirement plans for your educational use. It is not intended to be used as a legal opinion, or serve as a legal advice. Please consult an attorney for specific guidance on retirement plan design, Investment Policy Statements, employee education and communication, and service responsibilities.

Source: Employee Benefit Research Institute—2013 Retirement Confidence Survey