Plan Design Strategy


Designing a defined contribution benefits plan can be a complex and time-consuming process. Cowden Associates, Inc. can walk a plan sponsor through the process, helping them define their 401(k), 403(b), or 457 plan design strategy.

First, we identify the plan sponsor’s objectives, keeping in mind the plan participant’s goals. We then benchmark the current design features against selected comparisons, like:

  • Eligibility
  • Timing of Plan Entry
  • Contribution Levels
  • Safe Harbor Options
  • Investment Options
  • Loan Features

Taking what we learned from these processes, we recommend design changes as appropriate to meet the plan sponsor’s objectives. We continue to monitor these changes and analyze the impact on the plan sponsor and the plan participants, making adjustments as necessary.