Leaders in Pension De-risking and Termination
Plan Analysis
Plan Termination
Pension plans are volatile and expensive, even if the plan is already “frozen” and no benefits are accruing. Our clients are often surprised to find that it is cheaper to terminate the plan and shift all liability of the plan to an insurance company than it is to keep the plan liability.
Clients with plans that are not “frozen” often see the need for a more relevant retirement benefit to aid in hiring and recruiting. Our analysis helps clients to find a retirement benefit structure with more control for plan participants and more predictable costs for the organization.
Plan termination is a complex process that almost always provides the most savings of any action. We provide end-to-end management of the termination process including participant education, government approvals, election administration, payment processing and management of the annuity purchase.
President
UniWyo Federal Credit Union
Lump Sum Windows
Since 2012, more than half of fortune 1000 companies have already reduced the size of their plans through lump sum offers to their prior employees. Spotlight Pension can show you exactly how much you can save through this option. We run the entire process, from mailings, in-house call center, participant educational meetings, and lump sum payments.
For some of our clients, an immediate complete exit is not possible. We can help find a long-term solution where strategic de-risking steps are taken when they are right for the organization. Spotlight provides analysis for each action and works with our clients to identify the economic and organizational criteria for each step along the way.
Senior Vice President
Covenant Ministries of Benevolence
Annuity Purchases
The annuity transfer market was already strong prior to recent beneficial interest rate movements. Now it is imperative for all plan sponsors to take a serious look at transferring liability and payment responsibility to an insurance company through an annuity liftout. Rates are excellent and have made pricing to annuitize incredibly competitive.
Spotlight’s process and relationships with insurance companies gives you the absolute best pricing in the market. We provide you with fiduciary support to make a selection and we manage the entire transfer process.
Manager
Bradys Run Sanitation Authority
Through the years, we have been privileged to help hundreds of clients reduce or eliminate risk from their pension plans.
It is incredibly satisfying to provide best-in-class services that are so valuable to our clients. They appreciate our personal approach with plan participants, making certain the experience is positive for all. We are committed to helping our clients understand pension plan complexities and make the right decision for their organization. We look forward to bringing that approach to your organization.
President
Spotlight Pension