The most important element of any retirement benefit plan is how successfully and efficiently it drives benefits to its participants.
Multnomah Group’s consultants and Technical Group have a wealth of experience in designing all types of qualified and non-qualified retirement benefit and incentive programs. In our work with clients we have found that it is the design of the retirement plan that is the primary determinant of a plan’s effectiveness. Unfortunately, many employers focus nearly exclusively on the rate and methodology of the employer contribution while neglecting other factors that have an equivalent impact. Features such as negative enrollment, automatic escalation, and plan leakage affect participant success as much contribution rate and methodology. Plan sponsors should evaluate the design of their plan with a lens focused on all the aspects of design that impact their employee population.