Pension plan de-risking programs can be intricate for both plan sponsors and participants. Collaborate with an experienced pension plan administrator who can manage complexity effectively and efficiently and build communications that aid individuals in making informed decisions for themselves and their families. Whether you are at the beginning of your de-risking journey or further along, Alight can assist with your next step.
Alight has been a provider of defined benefit administration for over 50 years, working extensively with large organizations on de-risking pension plans. Alight has managed administration for numerous lump sum projects impacting well over one million window participants.
Alight supports pension de-risking projects by aiding plan sponsors in preparation for implementation through the following:
Defined Benefit Solutions
Give your people the confidence to retire. Make pension planning simple for everyone.
- Defining requirements and helping manage system set-up and testing
- Conducting missing participant searches and outreach
- Supporting and accelerating data review and clean-up
- Shepherding data verification and requirements to assure accurate and effective implementation
- Creating a plan to connect with participants before and during the program period through multiple channels (print, electronic and voice)
- Providing customer care support over the duration of the event
- Processing elections and issuing accurate payments to plan participants
- Full project management and regular reporting to keep you appraised of progress and completion toward program goals
Effective communication that drive results
Understanding the target audiences affected by your pension de-risking program (including internal stakeholders) is critical to implementing an effective program. Alight’s delivery of hundreds of effective de-risking projects over the years proves that our participant communications drive results. Alight offers the expertise and resources needed to help you understand what each audience needs to know. We then help you build strategic communications that effectively inform and educate each audience on this complex, weighty and personal topic to help them stay informed and make good decisions. Alight can help define and execute effective plan participant communications for your pension de-risking program including:
- Re-establishing connections with plan participants
- Focusing attention on choices and deadlines
- Managing direct queries into the customer call center
- Nudging procrastinators with repeat reminders
Whether you prefer a best practice and turnkey communication approach or you require a custom solution, we will partner with you to ensure your audiences have the education and resources they need to feel supported and take the right actions. Talk to our experts to learn more.
