The Mt. Nittany Corporation is a small, publicly traded manufacturer in Pennsylvania that makes electronic devices. It has a non-organized workforce. There are about 500 employees, 75% of which are non-skilled workers in manufacturing. About 20% of the employees are managers or individual contributors, and about 5% are highly compensated executives.
Mt. Nittany is considering implementing a defined contribution retirement plan for all of their workers. Given what you know about the company, recommend two potential retirement plans they can choose from that would benefit all of the employees.
- Why did you choose these two options?