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The best measure of success for any retirement system is its ability to reliably replace for life the income people made while working.
Robert L. Reynolds President and Chief Executive Officer
Participants should know how their strategy translates into monthly retirement income.
In the online experience In quarterly statements In the personalized educational material they receive
We didnt just envision the retirement plan of the future. We put it into practice.
Jeffrey R. Carney Head of Global Marketing, Products, and Retirement
Communications and education that reinforce positive activity We believe that the best way for investors to make informed retirement investing decisions is to have access to the right information when they need it. The goal of our communications programs is to help participants become more engaged with their plan, and to provide them with the resources they need to reliably replace the income they made while working.
Advice and guidance for every employee Each plan participant has his or her own comfort level with investing and pursuing financial goals. Thats why we offer personalized advice and guidance for every type of investor. Our comprehensive suite of services provides options for plan sponsors, while giving participants the resources to address their own unique retirement needs.
We provide a range of materials that deliver retirement investing information. Weve also developed an iPhone app that instantly demonstrates the power of saving money on purchases and investing those savings for the future.
An intuitive Web experience Our participant Web site provides the resources required to manage a retirement portfolio. Robust tools and an innovative approach help investors find retirement planning solutions. The site helps plan participants know where they stand, and directs them to take action to reach their retirement savings goals. Outcome-oriented tools and resources Prescriptive approach allows changes to be implemented immediately Easy access to account balances
Lifetime IncomeSM Analysis Tool provides a whole new way to look at retirement Unlike calculators that are seldom viewed or completed by participants, the Lifetime Income Analysis Tool is the first thing your participants will see when they log in. The new Web-based tool allows them to view their retirement plan balance, as well as the estimated amount of monthly income theyll need in retirement. The tool also displays the participants age, income, contribution rate, retirement age, current savings, and asset allocation to deliver information thats up-to-date and easy to understand. The interactive tool allows users to model different saving and retirement scenarios that show how they may close their savings gap, if there is one. Plan participants can make changes to their contribution rate instantly.
IMPORTANT: The projections, or other information generated by the Lifetime Income Analysis Tool regarding the likelihood of various investment outcomes, are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time. The analyses present the likelihood of various investment outcomes if certain investment strategies or styles are undertaken, thereby serving as an additional resource to investors in the evaluation of the potential risks and returns of investment choices. Each simulation takes into account the participants current plan balance and investment mix, as well as his or her age, income, retirement date, contribution rate, likely future savings, and estimated Social Security benefit. The tool runs over 50 billion market simulations to provide an estimate of a monthly income likely to be generated at retirement. The Lifetime Income Analysis Tool is an interactive investment tool designed for Putnam 401(k) participants to illustrate the estimated impact of a participants plan balances and projected savings on income in retirement. The tool does not take into account post-tax contributions to savings. It also cannot account for dramatic changes in a participants personal situation, including unexpected expenses and other financial situations that may negatively affect ones estimated monthly income in retirement.
Our solutions align with your needs Every plan is different. And every plan requires a different approach. Thats why we tailor each plan to the needs of the plan sponsor and its plans participants. In every case, we focus on delivering the best value possible for cost. Our goal is to build a better retirement plan and give your employees the outcome they deserve.
A powerful and flexible platform Your plan is part of FASCore, the fourth-largest recordkeeper in the country.* The platform services over 22,000 plans, with over 4.1 million participants. Its modern, server-based processing engine provides flexibility with scalable and virtually unlimited capacity.
* Putnam and FASCore are affiliated with Great-West Life & Annuity Insurance Company.
Your Plan Sponsor Web site offers a comprehensive view of your plan.
Making an investment in plan management tools At Putnam, we understand the importance of making it easier and more convenient for you to manage your plan and to manage your fiduciary responsibilities. Our new plan sponsor Web site offers a comprehensive look at all the relevant information about your plan. Features of the new plan sponsor Web site include:
Plan Analytics, which details participation rates, deferral rates, and average account balances On-demand reporting and testing, which allows you to measure success and identify areas for focus Fiduciary Central, which provides protection to plan fiduciaries with clear documentation of all plan-related developments Investment details on each fund held in your plan, including performance data, assets held by participants, and other details Payroll Bridge, which streamlines contribution processing by integrating with your payroll provider Participant Emulator, which provides view-only access to participant accounts Alerts, forms, transactions, your profile, and the latest retirement plan and investing news
Building a one-to-one relationship Putnams team of retirement experts is led by a dedicated relationship manager who is assigned to your plan as your single point of contact, and who is responsible for the day-to-day activities of your plan. Your Relationship Manager will establish a business plan, set goals, and conduct quarterly reviews all of which can be delivered and managed through our plan sponsor Web site. The team offers personalized, proactive service, and is:
Dedicated
Putnam is a 20-time winner of the DALBAR Mutual Award for industry-leading service.
Award-winning results Putnam has been honored for the 20th consecutive year with DALBAR service awards, which are presented annually to firms that deliver industryleading service to their customers, based on testing by DALBAR, an independent market research firm. In 2009, for the 11th time, Putnam won awards in each of the three categories to investors, to financial advisors, and to annuity contract holders. Rated Best-in-Class by PlanSponsor magazine Putnam scored high in a recent PlanSponsor magazine survey of several key drivers of overall plan sponsor satisfaction.
Best-in-class awards included: Relationship Manager responsiveness Internet services Account representative knowledge Asset allocation focus More than just a total investment expense ratio, we detail: Amounts paid to all asset managers Advisor payments Specific dollar costs for recordkeeping and plan servicing
Committed to clear, complete disclosure of all fees and expenses Plan sponsors and participants have the right to know exactly how much theyre paying for the benefits provided by their retirement plan. Our fees and expenses are available online for retirement plan sponsors and plan participants; we believe full disclosure is the best way for anyone to understand the true value of his or her plan.
Communication materials Education program Statement clarity Enrollment assistance Asset allocation focus Statement accuracy Internet services
Sponsor Service Awards
We seek your feedback for improvement We regularly conduct third-party reviews in a number of areas of client satisfaction, so you can be assured that were hearing your concerns and working to meet your needs.
Survey is based on 5,635 responses from plan sponsors. Quartile rankings are for plans between $50M and $200M.
A range of investment products that can help plan participants make the right choices.
Creating an appropriate investment lineup for your plan participants requires that you have access to a wide range of products to suit different types of investors.
Investment flexibility and an open platform Plan sponsors have come to expect and demand an open platform from which to choose funds and build a lineup. We blend open architecture with Putnam products that help meet the needs of your plan participants. We offer:
A universe of 10,000 fund choices Qualified default investment alternative (QDIA) options ideally suited to your participants Putnam RetirementReady Funds with a more conservative glide path for those seeking less volatility and more income Putnam Absolute Return Funds designed to pursue positive returns with less volatility than more traditional relative return funds Putnam equity funds Managed accounts Fixed-income offerings, including stable value funds
A choice in QDIAs Putnam offers a number of products that can serve as QDIAs for participant-directed defined contribution plans, including:
Putnam Absolute Return 500 Fund Putnam RetirementReady Funds Putnam Asset Allocation Funds
Creating a fund lineup Your financial advisor can help you choose from hundreds of investment offerings, across all asset classes and styles, from leading investment managers. We offer funds from every category, including:
Asset allocation International Specialty Small cap Mid cap Large cap Balanced Bond Money market Stable value
Each RetirementReady Fund has a different target date indicating when the funds investors expect to retire and begin withdrawing assets from their account. The dates range from 2010 to 2050 in five-year intervals, with the exception of the Maturity Fund, which is designed for investors at or near retirement. The funds are generally weighted more heavily toward more aggressive, higher-risk investments when the target date of the fund is far off, and more conservative, lower-risk investments when the target date of the fund is near. This means that both the risk of your investment and your potential return are reduced as the target date of the particular fund approaches, although there can be no assurance that any one fund will have less risk or more reward than any other fund. The principal value of the funds is not guaranteed at any time, including the target date.
People
Putnam is committed to seeking and retaining top talent. Our investment professionals are smart, experienced, and driven to outperform. And our analysts offer impressive credentials, including years of experience, deep sector knowledge, and hands-on experience in the industries they follow.
Process
Putnam has combined the right people and process to deliver performance for the shareholders in our funds. Top performance remains our goal for every plan sponsor we serve.
Walter Donovan Chief Investment Officer
As active managers, our goal is to generate returns that exceed those of benchmarks but with an eye on risk management. Putnam is big enough to have a global footprint in every asset class. Yet were nimble enough to capitalize on a range of opportunities, to share information across all our areas of expertise, and to create a culture of investment excellence.
Performance
In February 2010, Barrons named Putnam the top mutual-fund family for performance in 2009 across a broad range of asset classes and funds. In April 2010, Institutional Investor named Putnam the Mutual Fund Manager of the Year .
The Lipper/Barrons survey, published February 1, 2010, included 61 fund families with funds in five categories: general U.S. stock, global or international, mixed-asset, taxable bond, and tax-exempt bond. Only funds with at least one year of performance were included. Returns were calculated minus the effects of sales charges and 12b-1 fees. Rankings were asset weighted, so larger funds had a greater impact on a fund familys overall ranking, and then weighted by category, with each category assigned a percentage. Putnam ranked 43 of 54 and 46 of 48 for the 5- and 10-year periods, respectively. Past performance is not indicative of future results. For more information on the Lipper/Barrons survey methodology, visit putnam.com. Barrons is a registered trademark of Dow Jones & Company. Institutional Investor Research Group administered surveys by e-mail, phone calls, and conferences to more than a thousand of the top U.S. foundations and endowments, corporate pension plans, and public pension plans over a two-month period. Investors were asked to rank their top managers in the 20 awarded asset classes on a scale of 1 to 10 for the following attributes: client service, innovation, performance, reputation, and risk management. Winners were identified based on the analysis of the survey data.
Today, our commitment to the 401(k) business is stronger than ever, and we offer the capabilities and expertise to provide retirement solutions that can last a lifetime.
Edmund F. Murphy Head of Defined Contribution
To learn more about Putnam retirement plans or to request a live demonstration of Putnams participant and plan sponsor sites, call our retirement specialists at
1-800-719-9914.
Consider these risks before investing: Asset allocation decisions may not always be correct and may adversely affect fund performance. The use of leverage through derivatives may magnify this risk. Leverage and derivatives carry other risks that may result in losses, including the effects of unexpected market shifts and/or the potential illiquidity of certain derivatives. International investments carry risks of volatile currencies, economies, and governments, and emergingmarket securities can be illiquid. Bonds are affected by changes in interest rates, credit conditions, and inflation. As interest rates rise, prices of bonds fall. Long-term bonds are more sensitive to interest-rate risk than short-term bonds, while lower-rated bonds may offer higher yields in return for more risk. Unlike bonds, bond funds have ongoing fees and expenses. Stocks of small and/or midsize companies increase the risk of greater price fluctuations. REITs involve the risks of real estate investing, including declining property values. Commodities involve the risks of changes in market, political, regulatory, and natural conditions. Additional risks are listed in the funds prospectus. Money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this fund. Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.
70
YEARS
A BALAnCED APPROACH
Since 1937, when George Putnam created a diverse mix of stocks and bonds in a single, professionally managed portfolio, Putnam has championed the balanced approach.
A WORLD OF InvESTIng
Today, we offer investors a world of equity, fixedincome, multi-asset, and absolute-return portfolios to suit a range of financial goals.
A COMMITMEnT TO ExCELLEnCE
Our portfolio managers seek superior results over time, backed by original, fundamental research on a global scale. We believe in the value of experienced financial advice, in providing exemplary service, and in putting clients first in all we do.
putnam.com