Fulfillment

BCG Pension Risk Consultants recognizes the administrative burden the plan termination election process can have on you as a plan sponsor.  BCG offers a wide range of fulfillment services through our 5 Step Process that make your involvement less stressful while still accomplishing your fulfillment needs. 

 

BCG’s Five Step Process:

Define- The group of participants are defined.  Who should be offered a lump sum?

Populate- Pre-Election Announcement Letter and election package to all participants explaining termination and benefits, course of action and a web portal to view information.

Distribute- Forms are populated with personal data & options and mailed to participants while a reminder letter is sent after 14 days reminding participants of expiration date. 

Review- Election forms are collected and viewed to ensure they are In Good Order “IGO”.  Forms Not In Good Order “NIGO” are sent back to participants with a letter and an immediate call so they can be corrected.  All required information from election forms are extracted for annuity placement or lump sum distributions. 

Guide- Our trained professional help guide and direct your participants through the entire process with a call center as well as outbound calls to ensure the receipt and answer any questions.

 

We Can Help You With:

Fiduciary Protection

Cost Savings

Project Management

Live Call Centers

Outbound Calls

Reminder Postcards

Participant and Plan Sponser Website 

Answer Participant's Questions

Informed Decisions 

Independent Investment Advice 

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