This plan design is most suitable to companies with a small membership looking to set up a cost effective plan. All of the decisions in respect of the plan implementation are made by the employer. This plan offers the employer flexibility with regards to eligibility, investment and contribution amounts, with the additional provision that if plan membership grows sufficiently it can be transferred to a Customised Plan.
Some features include:
- Available in US Dollars, Euro and Sterling.
- Employer may choose contribution frequency that suits them.
- Annual company / member statements are sent to a central location.
- Members may switch / redirect their investments.
- Member benefits are available in the form of a lump sum upon leaving service or continuation options are also available.
- Daily information is available online for both companies and members.