Case Study

Comprehensive Pension Data Cleanup

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A Fortune 500 food and beverage company administered its defined benefit pension plans in house utilizing a system purchased from a third party. The plan sponsor’s administration was plagued by incorrect calculations that were ultimately traced back to inconsistent and missing data.

This issue caused significant research and subsequent manual system overrides to produce a correct calculation. The plan sponsor was concerned about the potential for human error combined with the liability associated with incorrect pension calculations.