The CEO of your company would like to revamp the retirement options offered to employees.
Create a proposal that describes 401K and Roth 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.
Pleaes answer the following question regardin the scenario above:
- How will you get employees to enroll in either 401K or a Roth?