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Streamline Administration
Companies seeking unmatched functionality, cost efficiency and built-in benefit expertise look no further than Watson Wyatt’s administration solutions.
For defined benefit plan sponsors, our web-based PensionPath™ system delivers the functionality, flexibility and cost savings that pension administrators require. Part of a selective outsourcing approach, this advanced solution manages the entire life cycle of pension administration, from new hire to retirement. The solution also includes self-service tools that take the burden off HR while enhancing your employees’ understanding of the future value of their retirement benefits.
Much more than the typical pension calculator, PensionPath offers administrators the features they value the most at the lowest total cost of ownership. It provides direct access to your data through an intuitive web interface so that you maintain control of your data and your relationship with your employees. PensionPath also performs pension calculations automatically so that you no longer have to set up complex calculations yourself. The system is also fully scalable, easily accommodating future business changes and technology enhancements.
For defined contribution plan sponsors, we offer a range of administrative services aimed at helping you control costs, maximize service delivery and meet key performance objectives.
Given the increased government scrutiny on vendor fees, escalating costs for recordkeeping and demands for greater and greater efficiency, defined contribution sponsors turn to Watson Wyatt for help with:
- Full-scale vendor searches, evaluation and selection
- Fee and service benchmarking for existing providers and competitors
- Contract reviews and fee renegotiations
- Ongoing vendor management
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