In Increa easin ing D DC plan an participat pation t on - PowerPoint PPT Presentation

Nov 25, 2022 •167 likes •355 views

In Increa easin ing D DC plan an participat pation t on through gh communi nicat cation on John Hanly Hewlett Packard IAPF DC Conference 2nd December 2009 December 2nd, 2009 1 2 December 2009 1 HP today Simplifying

In Increa easin ing D DC plan an participat pation t on through gh communi nicat cation on John Hanly Hewlett Packard IAPF DC Conference 2nd December 2009 December 2nd, 2009 1 2 December 2009 1
HP today • Simplifying technology experiences around the world • Fortune 9 – U.S. Fortune 32 – Global • 321,000 employees • 145,000 sales partners • 210,000 service partners • 88,000 retail locations
HP in Ireland • HP Manufacturing Ltd • HP Ireland Ltd • HP Galway Ltd • HP Financial Services Ltd
Hewlett Packard Ireland Defined Contribution Plan • 8 Trustees, HP representation, Administrators • Investment subcommittee • Governance subcommittee • Communication subcommittee It’s What You Make Of It Your Retirement Plan
Age profile of active members 2% 7% 15% Under 25 23% 25-35 35-45 45-55 55+ 53% It’s What You Make Of It Your Retirement Plan
Communication strategy • Engage, educate and empower members to plan for retirement and take responsibility for their financial security when they retire • HP communications strategy uses a multi- channel, integrated approach to engage members and help them understand the role they play in planning for retirement It’s What You Make Of It Your Retirement Plan
Employee survey Submit by 20 April 2007 It’s What You Make Of It Your Retirement Plan
Quarter 1 Quarter 2 Quarter 3 Quarter 4 2007 Quarter 1 Quarter 2 Quarter 3 Quarter 4 2008 Quarter 4 Quarter 1 Quarter 2 Quarter 3 2009
Communication tools • Poster campaign • Booklet : Guides 1 & 2 • Website • Emails • Newsletters : “Planning Ahead” • Presentations • Helpline It’s What You Make Of It Your Retirement Plan
Results : AVCs • 15% increase in the number of members making AVCs. • 36% increase in the amount of existing AVC contributors Age profile of members making AVCs It’s What You Make Of It Your Retirement Plan
Results : Presentation feedback It’s What You Make Of It Your Retirement Plan
Results : What will you do next ? 22% 25% 11% 42% I'm interested in making AVCs I think I've made the wrong investment decisions, I'm going to check out Mercer OneView and change my investment funds to what I think is better for me I'm going to check out Mercer OneView I'm going to call the Mecer Helpline It’s What You Make Of It Your Retirement Plan
Result : Member contribution rates It’s What You Make Of It Your Retirement Plan
Next steps • Continue, reiterate, listen, adapt • Deferred members • Lifestyling “The biggest problem with communication is the illusion that it has been accomplished” George Bernard Shaw It’s What You Make Of It Your Retirement Plan
It’s What You Make Of It Your Retirement Plan
Thank You December 2nd, 2009 17

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