More and more employers—prompted by increasing plan complexity, growing employee expectations, and shifting demographics—are outsourcing the administration of their defined benefit (DB) plans, the foundation of retirement income for millions.
We’re the number one provider of outsourced defined benefit administration services in the United States, and a leading provider worldwide.
Complete range of services for reduced risk and costs
Our industry-leading technology, HR expertise, and focus on quality translate into reduced risk and legal costs, while our proven processes streamline administration and help you implement or react to organizational change with minimal employee disruption.
Our defined benefit administration services include:
- Automated pension benefit calculation
- Management of participant data
- Eligibility determination and tracking
- Customer service
- Rollover and lump sum processing
- Integration with payroll
- Compliance
- Check delivery
The majority of our DB outsourcing clients also rely on our actuarial services.
Cutting-edge online resources
Like our total plan management services, our Web-based planning and management resources ensure smooth and accurate DB plan administration:
- DBCalc™ lets plan administrators easily and accurately perform retirement calculations and benefit estimates online.
- The Hewitt Personal Finance Center gives employees access to additional planning tools for retirement planning.
- Plan Sponsor Sight is an online space for teams to develop goals, manage projects, and measure progress.
Please contact us to learn how our outsourcing solutions can put you in control of your benefit programs.
Tools
Employee Tools
Employer Tools
DBCalc™ and Your Pension Resources™ are trademarks of Hewitt Associates LLC
Your Benefits Resources™ is a trademark of Hewitt Management Company LLC
