How does this work?
By leveraging our experience with the pension risk transfer market, we offer employees the opportunity to convert some or all of their defined contribution plan savings into lifetime income. Employees are given a time-limited window to make an election on the amount to buy and the form of annuity payment, including a cash refund option and inflation protection.
Agilis receives competitive bids from top insurance companies, which then convert the balances to annuities based on prevailing market rates and group pricing.
PensionBuilder™: Revolutionizing Retirement Solutions
PensionBuilder™ opens the door for employees to convert their defined contribution plan savings into lifetime income at group pricing, creating a personal pension. Employees are provided a time-limited window to make decisions about the amount they wish to convert and their preferred form of annuity payment, such as a cash refund option or inflation protection.
Agilis uses its expertise in the pension risk transfer market to gather competitive bids from top insurance companies, ensuring employees receive annuities based on prevailing market rates and group pricing.
Ease, Simplicity, and Flexibility
Agilis has designed PensionBuilder™ to be easy for employers to implement, simple for employees to understand, and flexible in payout options – all while assuming fiduciary responsibility. Comprehensive communications and personalized estimates encourage employee participation by creating a sense of urgency with a time-limited offer.
Key advantages include:
- Higher payouts: Leveraging group pricing, competitive bidding, and our insurance-company expertise.
- Fiduciary oversight: Ensuring the safest annuity options with due diligence on insurers.
- No cost to the company: A hassle-free solution that doesn’t burden the plan sponsor.
Employees can make informed choices, opt out if desired, and enjoy peace of mind that they won’t outlive their retirement savings.
Why Choose Agilis?
Agilis is an independent actuarial and investment consulting firm with extensive experience in annuity pricing and a commitment to fiduciary excellence. Our partnership with Alight Solutions enhances the PensionBuilder™ offering with:
- Call center services
- Website management
- Operational support
We solicit competitive, group-based annuity quotes from top insurers, meeting Department of Labor’s 95-1 criteria and our rigorous standards. By choosing Agilis, you unlock the full potential for your employees to secure lifetime income with confidence and security.
For a free consultation, email us at info@agilis.llc.
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