Q:

What are some retirement plans and services by Aon?

A:

Quick Answer

Aon offers retirement plans and investment services related to retirement consulting, investment consulting, actuarial services, defined contribution consulting, defined benefits administration and defined contribution administration, notes the Aon website. Each type of plan or service has a different number of participants and associated risk exposure.

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Full Answer

Aon's retirement and investment consulting services aim to manage, design, implement and maintain leading edge investment programs that are secure, equitable and sustainable, advertises the Aon website. Actuarial services relate to risk management strategies for clients and associated liabilities. Defined contribution plans deal with investments and savings opportunities based on the performance of assets in the associated accounts, notes the Tax Policy Center website. The value of a defined contribution plan at any given time depends on the market value of the assets, and employees can choose from a variety of investment securities.

Aon has a defined benefit administration that offers benefit delivery services to roughly 8.2 million participants, notes the Aon website. Some of the specific components of this plan include automated pension benefit calculation, management of participant data, eligibility determination and tracking, rollover and lump sum processing, and integration with payroll. The participants' website offers Aon employees access to the whole retirement process and the relevant planning tools.

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