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