Hewitt‘s expertise, tools, and technologies give you the power to control your global retirement programs and maximize the return on your multimillion-dollar annual investment in retirement benefits.
Our consultants—corporate retirement plan experts—pioneer innovative solutions such as phased retirement and Retirement Choice plans. In addition, our market-leading experience strongly enhances our capabilities. We’ve designed dozens of Retirement Choice plans for FORTUNE 500® companies in the last year alone—and we’ve been the market leader in competitive benefits data and analysis for decades.
Many of our clients choose a total retirement solution, working with us across the board—from strategy, design, and financial management to delivery and employee communication. Others select specific services in areas where they lack expertise or seek greater efficiency.
Plan strategy and design
Taking control of your retirement plan begins with sound strategy and design. Whether you’re creating a new program or redesigning an existing plan, we work to ensure you’re positioned to manage cost volatility and risk, improve efficiency, and boost both participation and appreciation.
We apply a disciplined, six-step approach to retirement program design. First, we help you:
- Gather information.
- Set objectives.
- Analyze design options.
Then we work with you to:
- Create a business case.
- Develop a transition strategy.
- Communicate and implement the new design.
The result: a retirement program that supports your business strategy, offers acceptable financial cost and risk, and provides the right mix of retirement plan choices for your specific workforce.
Benchmarking
We’ve developed comprehensive, competitive information about thousands of retirement plans and introduced market-leading tools that let you compare your company’s plans to those of other companies.
- Benefit Index® gives you plan information for thousands of organizations worldwide, so you can compare virtually any program aspect to that of your peers, across any segment.
- Benefit SpecSelect™ lets you search our vast database online, comparing your program with those of your competitors, based on any criteria you choose.
Analyzing alternatives
Our multiple online tools help you evaluate alternative plan designs:
- Hot Zone Modeler illustrates plan changes for your workforce, segmented by age and service.
- Retirement Income Modeler analyzes accrual patterns over an employee’s career for existing, proposed, and benchmarked plans.
- The fully customizable Global Inquirer collects, analyzes, and manages global benefit and compensation information for increased control over your global financial and compliance risks.
Ongoing retirement benefit management
RFM Connect—a comprehensive, Web-based client resource for retirement and financial management—is our most robust tool yet for helping clients improve the efficiency of retirement program management. RFM Connect:
- Helps you gain maximum control over the design, delivery, and management of your retirement programs worldwide.
- Serves as a central location from which to access and manage all aspects of your retirement programs worldwide.
- Provides rich content, customized tools, and collaboration capabilities.
Please contact us to learn how we can put you in control of your retirement programs.
Tools
Employer Tools
FORTUNE 500® is a registered trademark of Time, Inc.
Benefit Index® is a registered trademark of Hewitt Management Company LLC
Hewitt Health Resource™ is a trademark of Hewitt Management Company LLC
Benefit SpecSelect™ and Hewitt 401(k) Index™ are trademarks of Hewitt Associates LLC
