In a highly active labor market, a well administered supplemental benefits plan is a key retention tactic for companies that recognize the value of their workforce. As plans become more complex, Hewitt offers a win-win administration solution that allows you to reduce time-consuming administrative tasks and excessive delivery costs while providing transparent and professional account administration to your employees.

Relying on Hewitt to handle your savings plan administration, supplemental pension plan administration, and supplemental housing plan administration not only saves you time. It also maximizes your ROI while minimizing risks, improving individual account confidentiality and accuracy, thus creating a more attractive and enticing plan offering for employees

One Interface

By using Hewitt as your interface for both internal and external parties, you will dramatically reduce your communication burden and improve your managerial effectiveness. Hewitt also handles all data interfaces with third-party vendors.

End-to-End Transactional Process Administration

From enrollment to ongoing monthly maintenance to individual account closing, the Hewitt solution provides a one-stop benefits administration shop covering the entire lifecycle of the plan. Further, we can track and update each employee’s status when it comes to marriage, births and retirement.

Call Center Support

We provide a toll free 800 number hotline to answer employee questions during normal business hours.

Regulatory and Policy Research and Compliance

Rely on Hewitt to keep your plan fully compliant with national and local policies and regulations by utilizing the resources of our national research center.

Seamlessly Integrate New Employees

Whether you are acquiring a new entity or standardizing benefits policies and administration across your existing business units, our benefits administration system can be seamlessly expanded to cater for any number of new employees.

Independent Investment Consulting Services

For many companies, establishing a new benefits plan can be a confusing and time consuming process. Lack of knowledge of industry best practices and being unaware of the various hidden costs can also make the process expensive and risky. Hewitt’s Investment Consulting Services can develop an investment policy and structure, highlight potential risks and recommend appropriate investment products on your behalf. Benefits include:

• Plan goal identification and business alignment.
• Plan design.
• Plan audit.
• Qualified actuarial services.
• Independent advice on investment service provider selection, investment manager selection and contract evaluation and negotiation.
• Professional ongoing plan administration.

Please contact us to learn how we can help you administer your supplementary benefits programs if you are looking for continuously improving efficiency and HR expertise through benefits administration processes.