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Financial Instrument Transferable from an Employer to an Employee

  • US 20120215716A1
  • Filed: 02/22/2011
  • Published: 08/23/2012
  • Est. Priority Date: 02/22/2011
  • Status: Active Application
First Claim
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1. A method for administering a financial instrument, the method comprising:

  • storing a balance of an employee retirement plan account created for an employee and owned by an employer of the employee, the employee retirement plan account comprising one or more variable investments, the balance of the employee retirement plan account being based, at least in part, on an initial deposit into the employee retirement plan account from a deduction from wages paid by the employer to the employee;

    storing a minimum positive growth rate;

    updating the stored balance of the employee retirement plan account based on market performance of the one or more variable investments;

    calculating, by one or more processor devices executing logic, a protected value, the calculated protected value being at least equal to the initial deposit into the employee retirement plan account growing at the stored minimum positive growth rate, wherein the calculated protected value represents a guaranteed positive rate of return regardless of market performance of the one or more investments; and

    upon occurrence of one or more events, transferring ownership of the employee retirement plan account from the employer to the employee, wherein subsequent to or simultaneous to the transfer of ownership, a beneficiary designated by the employee is guaranteed to receive the beneficiary'"'"'s choice of either;

    a lump sum of money from the employee retirement plan account based on the updated stored balance of the employee retirement plan account, orfor the life of the employee or the beneficiary, periodic payments of an amount of money from the employee retirement plan account based on the calculated protected value regardless of the market performance of the one or more investments.

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