Organization Overview: Bright Future Foundation $($BFF$)$ is a mid$-$sized non$-$profit organization dedicated to improving educational opportunities for underprivileged children. BFF has $400$ employees, with its head office in Toronto and regional offices in Vancouver and Halifax. Recently, BFF underwent a $\backslash (10\backslash \%\backslash )$ reduction in staff to streamline operations and allocate more funds to its educational programs.

Current Situation: BFF$\text{'}$s Senior Management Team $($SMT$)$ recognizes the need to re$-$engage its workforce and attract top talent to maintain its status as a leading educational charity. The workforce is diverse, spanning four generations:

$1.$ Baby Boomers $(1946-1964)$: $\backslash (10\backslash \%\backslash )$

$2.$ Generation $\backslash ($ X $\backslash )(1965-1980)$: $\backslash (30\backslash \%\backslash )$

$3.$ Millennials $(1981-1996)$: $40\backslash \%$

$4.$ Generation Z $(1997-2012)$: $\backslash (20\backslash \%\backslash )$

BFF currently offers a fixed group benefits plan, which is up for renewal on January $1$st$,2025.$ The benefits plan includes:

$-\backslash (100\backslash \%\backslash )$ employer$-$paid premiums

$-$ Full reimbursement for medical and dental expenses

$-$ No reimbursement limits for dental expenses

Employee Demographics and Benefits Costs:

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Coverage $\backslash \backslash$

Type

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Full$-$Time $\backslash \backslash$

Employees

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Part$-$Time $\backslash \backslash$

Employees

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Employees

$\backslash$end$\{$tabular$\}$ & Annual Group Benefit Costs & Total Compensation Costs $\backslash \backslash$

$\backslash$hline Single & $250$ & $50$ & $300$ & $\backslash$$$1,500,000$ & $\backslash$$$15,000,000\backslash \backslash$

$\backslash$hline Family & $100$ & $0$ & $100$ & $\backslash$$$500,000$ & $\backslash$$$5,000,000\backslash \backslash$

$\backslash$hline Total & $350$ & $50$ & $400$ & $\backslash$$$2,000,000$ & $\backslash$$$20,000,000\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Challenges:

$-$ Need for greater flexibility in benefits to cater to a diverse workforce.

$-$ Introduction of Accidental Death and Dismemberment $($AD$\backslash$&D$)$ coverage.

$-$ Implementation of cost containment strategies to ensure financial sustainability.

$3.$ Provide your recommended benefit plan design; this may be fixed or flex, one plan or several "job level" specific plans. Include plan eligibility and other key design criteria. Use the 'Steps to a Benefits Plan Design' provided resource document in your planning process.

$4.$ What is your rationale for your plan design? Support your selections.