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A properly designed retirement plan is one of the most valuable benefits an
employer can offer and is essential to an effective benefits program.
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What are your needs?
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There are a number of critical issues to address in identifying the program that’s right for your
group. A “one size fits all” approach is not appropriate for a plan that will meet a group’s
unique needs.
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Factors to consider in selecting an appropriate retirement savings vehicle include:
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- The budget and financial status of the employer
- Strategies for structuring the total benefits package
- Same-industry data on sponsored retirement plans
- Geographic and competitive factors
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Plan design calls for careful consideration of issues that can have an impact
throughout the organization: |
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- Structure of Contributions
- Eligibility
- Vesting
- Investments and investment allocation
- Plan administration and record keeping
- Communication
- Reputation within the community
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