We administer all types of DB plan arrangements, including those that combine a defined contribution component, integrate with your flexible benefit program, or have other special provisions. We apply the expertise of our entire organization to develop innovation.
Over the last five years, we have completed more than 150 implementations for Defined Benefit Pension plans across North America. This depth of experience enables Morneau Shepell to achieve a higher percentage of straight-through processing (automated calculations requiring no manual intervention) than our competitors, and pass this savings on to our clients.
We work with you to find the right solution for your DB administration needs so that you achieve cost synergies, reduce manual processes, and streamline procedures. We provide multiple service models including SaaS, co-sourced, and outsourced. We work with you to identify and implement the most effective option. We partner with our clients as we are committed to your success and value the opportunity to build long-term relationships.
Defined Benefit Pension administration services include:
- Data housing, interfaces, and validation
- Management of historical data and multiple grandfathered plans
- Event-driven calculations and communication
- Modeling and side-by-side comparison of distribution options
- Payment authorizations and reconciliation
- Annual member statements and other annual administration processing
- Leave management calculation of breaks in service
Morneau Shepell can administer all types of Defined Benefit arrangements, including those that combine a defined contribution component, integrate with your flexible benefit program, or have other special provisions.
Technology that drives cost savings
With over 50 million dollars invested in our Ariel™ technology platform, Morneau Shepell is dedicated to delivering accurate, quality, and efficient administration with engaging, easy to access employee web self-service tools.
The support you need
We dedicate time and resources to mapping solutions that work within your infrastructure and culture, and provide the right level of support for you and your plan members. We have extensive in-house resources to provide that support, including over 800 pension administration and actuarial professionals and more than 250 technology resources.
Enhanced employee experience
Morneau Shepell’s ground-breaking technology adds a further dimension to our standard administration. We provide a full spectrum of services for pension programs, including employee communication, reporting and analysis, and online services. This comprehensive suite of services results in the most complete employee and employer experience possible.
We help you improve governance and oversight, reduce operational risk, increase efficiencies, and enhance your employees’ experience, understanding and appreciation of your DB plan.
Contact us to find out more about Morneau Shepell’s DB Pension Administration
René Beaudoin (United States)
Alex Diemer (Ontario & Western Canada)
Luc Grandchamp (Atlantic Canada & Quebec)