Conduent and Schwab launch expanded capabilities for defined benefit plans

 

What to Know:

• Conduent will work with Schwab Retirement Plan Services to administer defined benefit plans for plan sponsor clients.
• The collaboration combines Conduent’s deep expertise in pension management with Schwab Retirement Plan Services’ workplace financial benefits expertise to deliver high quality services to defined plan benefit clients.
• Conduent will leverage its technology and expertise to provide participants and plan sponsor clients expanded capabilities, including:
  • Data analytics, compliance and reporting tools for plan sponsors
  • Expert support for data remediation and audit services and special initiatives such as early retirement windows and mergers and acquisitions
  • Interactive calculators to help participants make decisions about plan options and retirement preparedness
  • De-risking strategies including proven pension risk transfer, annuity conversion and term vested lump sum payment programs
  • Administration for frozen defined benefit plans

Read the announcement: 

 

Learn more:

To learn more about how Conduent is

• helping businesses enhance their HR technology,
• reducing the complexity of retirement plans to make them easy for employees to understand,
• helping companies to provide valued benefits and
• improving business outcomes,

visit: https://www.conduent.com/human-capital-solutions .

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