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 organization's $403($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 they're eligible to participate in the plan not to mention the generous employer match. As a member of the task force, you've been assigned the following task:

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