Raytheon P1
Who is the Recordkeeper for the Raytheon 401k Plan?
Alight
What does the acronym LIS stand for?
Lifetime Income Strategy
Where can you locate the phone numbers for record keepers?
Master Client Sheet
What is the client code for TRowe Price?
TRPX
What is the client code for Voya?
INGG
What is the website called for Raytheon participants to access RM?
Bonus Points: What is the correct web URL link?
Your Gateway
Bonus: www.yourtotalrewards.com/rtx
T/F: A participant cannot exclude the LIS fund from their portfolio.
False. A participant can choose to opt out/exclude the LIS fund on the bottom of the Profile page of RM ("Annuity Questionnaire").
What is the client ID for Principal?
PRNCP
What is another client/product our team currently supports?
UBS Morningstar Plan Advantage (MPA) for UBS or PTDF
Name three plan providers who we only provide a Contribution Rate Recommendation?
American National, Sentry Insurance, Milliman (other answers too)
Where should participants first click to access RM once they are logged into their Raytheon account?
Savings and Retirement
What is one pro and one con of LIS?
Pro: secure stream of income come retirement (ideal for participants who don't have a lot of $ saved)
Con: High expense ratio
What are the 2 Mega Plan Sponsors we work with for RM?
Raytheon and Allianz
Do Sentry Participants have a relatively high or low fee for our service?
Low (28 bps)
Who is the REC for T Rowe Price?
Risa
If a RTX participant has RTX stock in their portfolio, what are the 3 options they can select to change their RTX stock holdings?
Sell it off immediately, sell gradually, or keep.
A Raytheon participant wants to know details about the LIS benefit and why it is offered as part of the Raytheon plan, who can you refer them to?
Alight
What does VRA stand for?
Voya Retirement Advisors
T/F: Schwab is a serviceable client.
False
How often is the MRM fee deducted for Raytheon participants?
Monthly
True or False: A participant can direct us to sell out of their LIS holdings within RM.
True
What is one reason a participant might NOT need to invest in the LIS fund?
Various answers: 1) The participant is already on a good track towards retirement 2) they have a pension and other secure outside accounts
What is a benefit of Allianz Lifetime Income+?
Growth potential, protection from the market, guaranteed retirement income
What is the difference between VRA, Voya (AMA), and myTDF
VRA- Voya Retirement Advisor (Managed Accounts but Voya is now the fiduciary)
Voya (AMA)- RIA (Voya) creates the plan-specific portfolios and then we use our methodology to assign participants to asset allocation tailored to their individual situations and goals by combining the portfolios the RIA created.
myTDF: personal target date fund service
What two clients use Ascensus as their recordkeeper?
Vanguard and Mutual of Omaha