As the home to nearly 1 in 11 Australians, Western Sydney is an engine room of the NSW economy with industries spanning manufacturing, property, business and finance services, health, life science and community services, transport and logistics.

Regardless of which industry you operate in, one thing all employers need to think about is super. And the rewards of choosing the right super fund for your employees are clear – it could mean a cool $100,000+ difference to your employees’ - and your own - ultimate retirement balance.

Do you want your employees to be $100,000 better off?

Australia’s leading researcher Super Ratings says the cost of fees and charges alone can make a staggering $100,000 difference to ultimate retirement balances - a figure that’s based on the difference between the retirement outcomes of two 25-year-olds, both on salaries of $50,000 a year, with a current super balance of $20,000 and earning 7.225% pa on their investment over 40 years. So, the only difference is the fees.

AustralianSuper fee comparator, February 2011 www.australiansuper.com/calculatorsAnd, when you consider that some 60 per cent of employees follow their employer’s choice of fund, the difference that you, as the employer, can make to both your own and your employees’ ultimate retirement savings balance becomes crystal clear.

So, how do you choose the ‘right’ super fund?
1.    Strong, long-term investment returns and enough investment options to suit the needs of all employees, from the youngest new starters to those approaching retirement.
2.    Easy payments and easy admin, which let you worry about the business of being in business, not being a super administrator.
3.    Low fees.
4.    Value added services, like automatic life insurance cover and affordable income protection.
5.    Size, scale and credibility of the super fund. Remember, these are your employees’ retirement savings.

Before you choose your fund, check for any special employment obligations - such as mandatory membership of default funds - that apply under awards or enterprise agreements relevant to your business. If in doubt, Contact the Fair Work Infoline on 13 13 94, or visit www.fairwork.gov.au to find out more.

Need more help?
If you need guidance in choosing the right super fund for your business, AustralianSuper can help.

For an accurate and useful fees comparison, use the independent Chant West ‘AppleCheck’ online comparison tool or the AustralianSuper fee comparator at www.australiansuper.com.au/compare. The Applecheck will show you a side by side comparison of all aspects of over 100 super funds.

For personalised assistance with your business super needs, call Susan Alexander at AustralianSuper on 02 8808 0802. She’ll be happy to help.

This document was prepared in February 2011 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 the Trustee of AustralianSuper ABN 65 714 394 898.  This document is of a general nature and does not take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, consider your financial requirements and read our Product Disclosure Statement, available at www.australiansuper.com/FormsPublications or by calling 1300 300 273. ‘Industry Super Fund’ logo is used with the consent of Industry Fund Services (IFS) and this consent had not been withdrawn at the date of this publication.