PAY PLAN SYSTEM AND METHOD FOR MITIGATING RISK AND IMPROVING EMPLOYEE COMPENSATION

摘要

Some embodiments of the invention include a novel pay plan system and method for mitigating risk and improving employee compensation. In some embodiments, the method converts a single pay raise into an employer contribution to a 401a Plan, thereby causing the effect of this pay raise to become significantly larger in its monetary amount. In some embodiments, the method transforms 401a matching plans to fully serve public schools by combining both a retirement supplement plan and a compensation enhancement plan into a single plan.

主权项

1. A non-transitory computer readable medium storing a program which when executed by at least one processing unit of a computing device manages investment risk and improves compensation for an employee, said program comprising sets of instructions for:
receiving an amount of money designated for a single annual pay raise of an employee; converting the money designated for the single annual pay raise of the employee into a monetary contribution into an investment plan sponsored by the employer; and investing the monetary contribution in a set of investment options offered through the investment plan.