Aon Hewitt announced that it ranked first in four major categories including “Total Defined Benefit Plans” and “Total Defined Benefit Participants,” in Plansponsor’s 2010 Defined Benefit Administration Survey.
Plansponsor magazine recently surveyed providers of defined benefit (DB) recordkeeping services, with 28 providers completing the survey. The questionnaire consisted of approximately 100 separate data points related to providers’ experience and capabilities, including the overall scope of the business, the types of clients and plans served and their product or service capabilities. In addition to ranking first in four categories, Aon Hewitt was in the top three in two other categories.
Aon Hewitt Ranking
| Rank | Category |
| 1 | Total DB Plans |
| 1 | Total DB Participants |
| 1 | Most DB Participants Added
(from 6/2009-6/2010) |
| 1 | Number of NQDB Plans |
| 3 | Number of Traditional DB Plans |
| 3 | Number of Cash Balance/Hybrid Plans |
“Serving more than 350 plan sponsors and more than 9 million participants, the expectations are high, and our clients count on us to deliver quality service, no matter the complexity of the plans,” said Pat Quenan, defined benefit practice leader at Aon Hewitt. “We’re thrilled to be recognized by PLANSPONSOR as the largest provider of defined benefit administration services, and will continue to work with our clients to enhance our solution for the benefit of their participants.”
As a combined organization, Aon Hewitt has more than 30 years in the DB administration business and supports more than 1,600 plans across its client base.
Source : Aon Hewitt Press Release
