Planning for Pensions or Retirement Plans?
Frank Werntz & Associates, Inc.
Who We Are
I have many things to be thankful for. With several years work as a power plant chemist, and a few in multiline insurance, employee benefit work at FW&A was a good opportunity. A good business practice and client base were already established and mostly minor changes have been made to update latest practices and rulings.
Frank Werntz & Associates, Inc. was founded in Muskogee, Oklahoma. It is a unique organization providing a wide range of specialized services into the employee benefit field for businesses, professional corporations, governmental agencies, and individuals who require competent professional
Years of Experience
DEFINED CONTRIBUTION PLANS provide for an employer contribution. The benefit available for participants will depend on Employer contributions, investment earnings or losses, and forfeitures. There are two basic types of Defined Contribution Plans:
Allocation of Plan
Annual allocation of the Defined Contribution plan showing individual account balances, total assets of the plans (including gains or losses), forfeiture calculations, allocation of Employer and/or Employee contributions, etc. A bound computerized allocation report will be provided to the Employer annually summarizing the above.
Notices & News
Notices or news of interest will be posted here–check in occasinally to see what is new.
Average Annual Returns
Though statistics can be misapplied and limited in scope, I frequently look at average annual returns for the investment reports of plan allocations. Generally 5-10% is typical over the twenty years I have been in this business.
A handful of the first annual plan reports I delivered for 2017 had a 17% average annual return. Another plan had 19%. So based on this small sample of different plans with different funds in their portfolio, some pooled, some individual accounts, 2017 was for some an exceptional year for gains. With 2018 much less robust the two years together are still better than average. Over time, though not without risk, equity investments seem to generate more gains.
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