Plan Design

The Key to Success

Creating a successful, competitive retirement plan isn’t just about the numbers.  You need a high-impact program that encourages employee participation and readies them for retirement.  Using Courageous Plan Design™, we’re able to create a cost-effective solution that can help improve plan health through:

  • Automatic Enrollment
  • Higher Minimum Deferral Rates
  • Automatic Deferral Escalation
  • Employer Matching Programs
  • Review of Loans and Hardship Provisions

Help Employees Help Themselves

Employers spend a lot of time, money and energy creating retirement plans and encouraging participation. But many employees still contribute too little to their plans or even nothing at all.  Why?

Under traditional defined contributions plans, employees have to sign up to start saving.  Automatic Enrollment automatically enrolls employees and they have to opt out of the plan instead of into it.  The default contribution rate is also higher than the standard, and contribution rates automatically go up each year. Add to that other forward-thinking plan elements, including stringent savings leak prevention and simplified investing options, and the results can be phenomenal.

The Power of Automation

It might seem like automation is forming your employees to do something.  The reality, though, is that no matter how a plan is designed, the default action is steering them in some direction. Automation simply steers them toward saving for their retirement – they still have the freedom to make their own choices.  Our retirement professionals can help you design a system that makes saving as easy as doing nothing.

Automatic enrollment empowers you to help your employees to help themselves. By setting them up to build retirement assets with pretax employee contributions, you can help them start saving even if they don’t do a thing.  And that’s just the beginning.  We’ll help you select an automatic deferral rate and the right automatic increase that can really up the saving potential.



*Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment advisory services offered through Kestra Advisory  Services, LLC (Kestra AS), an affilate of Kestra IS.   Kestra IS and Kestra AS are not affiliated with Mel Foster Insurance Company or any entity referenced herein.  This site is published for residents of the United States only. Registered Representatives of Kestra Investment Services, LLC and Investment Advisor Representatives of Kestra Advisory Services, LLC, may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. Neither Kestra IS or Kestra AS provides legal or tax advice. For additional information, please contact our Compliance department at 844-5-KESTRA (844-553-7872).


Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Mel Foster Insurance is here and ready to make the process as painless as possible. We look forward to meeting you!