Don Ron Tovi and Enola Waters are co-CEOs of FloorMart, Inc. (FMI), and they have hired you to redesign FMI's Employee Benefits package. FMI is one of the nation's largest distributors of all types of residential and commercial flooring products. FMI's sales are 60 percent US, 20 percent Asia, 10 percent South America, and 10% Europe. FMI's value proposition is that they provide high-quality flooring materials at prices and service levels that are unmatched by competitors. Assume that FMI's fiscal year begins on January 1st. Salaries have been growing for each employee consistently at 3% each year. The FMI workforce (with each employee's name and other information) is shown below for this year:

In Years of Health In Employee(s) Age Salary Service Plan DB Plan CEO: Don Ron Tovit* 41 $240K CEO: Enola Waters** WOO 24 $200K Y Y President: Lemon Breeland* 26 $100K Y Y Other Officers: V-P Employee Benefits & Risk Management: Lavon Hayes* 38 $90K 6 Y Y Information Technology Team Johann Bennett III 26 $75K Bella Brooklyn 41 $65K Bill McGuire 41 $60K OUWAN Izzy Althat 61 $50K Jake Hare 19 $40K 0 (new) No Online Sales Hosts Veronica Phelps 45 $35K Y Y Patti Vacay 32 $40K -WW Y Y Fred Berch 34 $42K No No Clerical, part-time (20 hrs. per week) 10 Employees 25(average) $25K .5 year(avg) No No **Owns 8% of company stock. *Owns 4% of company stock