Create a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 that the organization would need to fulfill.

The CEO of your company would like to revamp the retirement options offered to employees.

Create a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 that the organization would need to fulfill.

In addition to the proposal, management has asked the HR Department to design a communication plan that encourages employee participation for one of the proposed retirement plans.

Prepare a 525- to 700-word proposal and communication plan. In your communication plan, include components that encourage participation in the retirement plan.

Answer the following questions:

  • How often will you communicate information to employees?-100 words only with references

Format your paper consistent with APA guidelines.

Click on the Assignment Files tab to submit your paper.

 

Retirement Plan Selection

 

A new employee joins your company at age 24 making $40,000 per year.  Currently, banks are paying 5% interest on saving accounts, and the rate of return on the company stock is 4% per year.  During benefits enrollment, the employee stated that she would like to retire at age 60 with 3 million dollars in her retirement account.

Compare the following retirement options for this particular employee in 1,050 to 1,400 words:

Only 1100 words with references

  • 403B
  • 401K
  • Pension
  • Annuities
  • IRA
  • Estate planning

Determine which retirement option(s) you would choose if you were this employee.

Assess the factors that this employee should consider when selecting a retirement plan.

Format your paper consistent with APA guidelines.