Plan Design
Since our inception in 1994, DCAdvisors has been helping to develop effective defined contribution plans tailored to each client’s objectives.
Every client situation is unique. We work with your retirement plan committee to identify concerns, and to specify your retirement plan objectives. We help you assess and evaluate potential issues such as low employee participation rates, contribution limitations for high-income staff, employee turnover rates, or any other issue your retirement plan committee may face as it strives to provide a program that benefits all participants.
We may recommend a variety of solutions to consider along with the financial implications of each, so your committee can make informed decisions. Then we construct a new or modified plan design – appropriate to the demographics of your participant population and the size of your workforce – that safeguards your financial health as plan sponsor.
Effective plan design increases administrative efficiencies, and assures proper alignment between the interests of the plan sponsor and the underlying participant population.
Solid plan design sets the groundwork for sound fiduciary governance.
Key Elements / Benefits of Effective Plan Design
- Increased administrative efficiency
- Better alignment with plan sponsor objectives
- Improved alignment with participant population
- Increased participation
- More effective financial risk management for plan sponsor
