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As a firm specializing in innovative retirement design, October Three knew its own employee benefits needed to reflect the cutting-edge solutions it delivers to clients. To stay competitive in a tight talent market, the company sought to go beyond the traditional 401(k) match by offering a retirement program that met diverse employee needs and rewarded long-term commitment.
To meet these goals, October Three implemented a market-based cash balance plan, providing employees with the security of lifetime income. To further reinforce loyalty, the firm introduced subsidized benefits specifically tailored to recognize long-tenured employees and their contributions.
In line with its forward-thinking approach, October Three also developed a future-state plan to incorporate a retiree healthcare account, ensuring the retirement program evolves alongside the company’s growth and workforce needs.
The result is a modern, flexible retirement package that:
Enhances recruiting and retention by offering more than a standard 401(k)
Recognizes employee loyalty through tenure-based benefits
Supports long-term financial security with lifetime income options
Anticipates future needs with retiree healthcare planning
Employees responded positively, citing appreciation for both the financial flexibility and the recognition of long careers. With this redesigned plan, October Three meets its people’s expectations and sets a new standard for retirement benefit design.
October Three offers full-service actuarial support, covering everything you need to manage your plan efficiently. Call our team today to learn how our actuarial services can help mitigate risks associated with your retirement plans.