About Stefan Regelmann, MBA - Principal
Stefan has spent 15 years in various consulting, project management, and analyst roles. His experience includes a variety of large and small organizations with which he has successfully guided a number of high profile projects improving business process, technical development, and increasing employee satisfaction.
He holds a Bachelor of Arts (BA) degree in Psychology from the University of Rhode Island, a Masters of Business Administration (MBA) in Organization and Management from Johnson & Wales University, Project Management Certification from Bryant University, and is currently training for Lean Six Sigma Black Belt Certification through Moresteam University.
Stefan is the principal owner of JPJ Consulting, LLC and lives in southern Rhode Island along with his wife and three children. He enjoys reading, sports, the beach, and assisting small and large organizations develop and exceed their business objectives.
"Your preferred partner in business improvement projects."
Stefan K. Regelmann, MBA
Case Study #1:
A large corporation seeking to increase employee participation in company sponsored defined contribution plan.
Prior to engaing JPJ Consulting:
The company's employees were not participating in the company sponsored defined contribution plan at the desired level. The company wanted to ensure employee's future by providing a first class defined contribution plan and encouraging full participation throughout the organizations.
JPJ Consulting Initial Assessments:
JPJ Consulting confirmed that employee participation was low compared to comparable industry statistics. Analysis was conducted and it was determined that easier methods of plan entry and automatic enrollment would increase participation.
Solution Strategy:
In order to maximize the benefit to employees, a communication campaign and plan enhancements to make the plan more attractive was determined the most effective solution to the problem. Along with the plan sponsor, a strategy was devised to create no fee lifecycle fund portfolios, and an automatic plan enrollment policy, and the ability for low cost retirement advice.
Results:
The enrollment numbers increased roughly 35%. This was considered a significant increase and the option of utilizing the existing fund in the plan to create no fee lifecycle fund portfolios was an instant success and warmly embraced by plan participants. This is the type of extra effort that shows employees a company really has employee's best interests in mind.
Case Study #2:
Client had a mandate from senior management to save $400,000 during the next fiscal year.
Prior to engaing JPJ Consulting:
The company was losing money as part of the 401(k) product service offering. Often times there was wasted collateral generated for light revenue producing customers.
JPJ Consulting Initial Assessments:
JPJ Consulting worked with the client to gather the necessary raw data to identify where the areas of savings opportunity were. Due to a complicated business line and technology structure, much of this data was not previously tracked and therefore invisible to management.
Solution Strategy:
The project was designed to fully analyze all data trends and current procedures. In addition, existing processes were evaluated and challenged to prove efficient. Senior management, at all points along the critical path, agreed to cooperate with this process audit.
Results:
Breakdowns were discovered at the plan and relationship manager levels. It was discovered that a certain population of customers were a combined 284% over budget. One plan was over 8000%. However, this gross overspend was not evident to management until each plan was analyzed on an individual basis. The action plan was designed to place controls on excessive collateral orders, creation of a management dashboard, that provided frequent status updates, and a proposed audit for the sales quoting process to re-evaluate pricing. The resulting budget savings was $350,000.
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