Reward Smart

Reward Smart session

Not sure where to begin? Uncertain if the new choices are right for your plan? A strategy session can help sort through your questions. Contact Chris West.

HR areas of interest

• DC strategy
  Our DC strategy specialists can assess the feasibility of adding choice into your current retirement plan, model costs and advise on designs that meet your organization’s goals and employees’ needs.
• Employee analytics
  We can analyze employee savings data, understand their needs and preferences, and advise on program design and engagement strategies to support employee financial wellbeing.
• Employee education and experience
  The success of every change depends on employees understanding their choices and taking the needed actions. We can develop education, personalized communication and provide on-demand support through the WTW Embark solution.
• Participant election administration
  Manage the annual election processing, provide ongoing employee engagement and collect feedback through our Embark platform.
• Vendor coordination and selection
  Creating a smooth experience – for the HR team and for employees – requires coordination across service providers. We can cover the bases – from assessing HRIS/payroll needs to selecting new vendors and coordinating vendors throughout the program.
• HRA and HSA accounts
  With increased flexibility and choice, healthcare accounts have become a more prominent tool to address employee financial wellbeing. Want to know more about how to incorporate these into your rewards strategy? We can help.
• Compliance
  From guidance on options for the design, nondiscrimination requirements and supporting a PLR process to updating plan documentation including SPDs, we break through the compliance complexity to ensure effective execution for clients.
• LifeSight
  A pooled employer plan (PEP) is meeting the needs of many organizations. Learn more about how WTW’s LifeSight PEP can free you from plan management and administrative burdens.
• Value for spend
  Total rewards help attract and retain talent. With a Total Rewards Optimization review, we can assess if your program provides value for spend and meets employee expectations.

Finance areas of interest

• Financial impact
  Adding choice may (or may not) have cost implications. Our DC Strategy team will analyze and model all costs and plan fees, including allocation of benefits costs and payroll taxes to help you find the approach that meets your goals.