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Administration Services

Defined Benefit Plans

A defined benefit plan is an employer-sponsored retirement plan (pension plan) that guarantees the member a definitive payment upon retirement. The benefit each members accrues through

Plan participation is determined by an actuarial calculation.  This can include salary history, benefit factor and length of service in its calculation.

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HYN Consulting has a team of professionals that are skilled at managing the complexities of these plans. We know you want your Plan Administrator to be efficient and productive.  Ensuring its compliance and effectiveness is our top priority.

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Our Services 

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Calculate employee eligibility and manage plan entry and departure

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Determining eligibility to receive benefit accrual

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Organize and oversee member disability cases

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Document employee contributions and plan earnings

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Maintain participant vested-percentage records

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Coordinate individual benefit statements

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Record distribution processing of benefit calculation amount for members and beneficiaries

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Distribute customized participant statements

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