Replacement Ratio Study

Does your defined benefit plan meet the needs of your employees? A replacement ratio study provides you with an analysis of your employer sponsored pension plan.

Typically people need 65 to 85 percent of their pre-retirement income to maintain their standard of living after they retire. Look at the benefits your employees receive through their defined benefit plan and Social Security to determine if they're on track to meet their retirement income goals.

We'll work with you to:

Define the goals of your defined benefit plan
Illustrate and provide analysis on different options to meet these goals

You'll get an overall picture of your retirement program with results broken down by:

Age
Years of service with your company
Salary

By analyzing these variables and comparing them to your plan, you'll:

Assess whether your specific defined benefit plan goals are being met
Discover whether your retirement program will meet future needs
Determine what benefits you want to provide
Determine if you should increase or change employee benefits
Plan for the future with realistic cost projections

Let us help you with your specific needs. Contact us to find out how we can help you evaluate your retirement program.