I'm a little lost can anyone shed some insight on this

Sylvie Steiner works for a nonprofit and was asked by the executive director of the organization to chair a task force with the purpose of increasing participation in the organizations 403(b) plan.

The emphasis on the 403(b) plan will serve as a key employee retention tool for the organization. Currently, many part-time staff are unaware theyre eligible to participate in the plan not to mention the generous employer match. As a member of the task force, youve been assigned the following tasks:

• Assess the current enrollment process.
• Determine issues with the current process.
• Identify ways to streamline the current enrollment process.

Current Enrollment Process

• After you have completed 1 year of qualifying service, you can complete the 403(b) enrollment form and participate in the plan. Once enrolled, the plan will deduct 1% of your pay and match 1% with an additional 2%.
• These contributions will be defaulted to an account with the plan provider and invested in a Target Retirement Fund, based on your current age and assuming a retirement age of 65.
• You can contribute from 1% to 100% of your eligible pay, up to the annual IRS dollar limits.
• If you have reached age 50 or will reach 50 during the calendar year and are making the maximum plan or IRS contribution, you can make additional catch-up contributions.
• You can select from a three-tier investment line-up, which includes:
• Target date retirement funds
• Passively managed funds
• Actively managed funds