Universities
Universities with retirement plans, such as 403(b) or 457(f) incur a huge expense to reward and retain top faculty. Copperstone Benefit Planning helps universities restructure their retirement plans to enhance faculty benefits while building an endowment that can enhance the university’s financial health for years to come. Universities build their endowment to provide financial strength and flexibility. University endowments support scholarships, fund building and expansion projects, support faculty and provide general operational support. Endowment income can be the difference between merely providing an education and reaching a higher standard of excellence in pursuit of the university’s mission. In additions, a mature endowment is a source of pride and influences university rankings which drive the best potential student candidates and opportunities to the university.
Supporting a large faculty and providing employee retirement benefits such as a 403(b) plan or a 457(f) can often be one of the largest expenses for the university. Copperstone Benefit Planning can help the university align its future goals with the desire to improve benefits for its loyal faculty.
Copperstone Benefit Planning can help universities structure their employee benefit plan to improve faculty benefits while building an endowment to further the university’s mission. In addition to improving the university’s financial future, Copperstone Benefit Planning can help you develop a plan that simultaneously improves benefits for your faculty. By properly structuring the plan, your faculty can provide financial protection to their families with pre-retirement and post-retirement death benefits that give them the peace of mind that loved ones will be looked after in the worst scenarios.
To begin a conversation with Copperstone Benefit Planning to find out more and learn how your university’s and your employee’s benefits can be improved, contact us now.
