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Growing Regional Bank:
Smart Plan Design & Holistic View Guide Positive Change

case study 4

A rapidly growing regional bank was concerned about the impact of market volatility on its defined benefit plan, and potential rising costs. They were looking for guidance on how to close an existing DB plan while leveraging their DC plan to continue offering competitive benefits in a cost-effective manner. They were hoping to improve participation in the plan so that their employees could enjoy a level of retirement readiness. And they wanted to enhance their benefits as they grew and significantly increased staffing.

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