The Annual Funding Notice (AFN) is a required yearly notice defined benefit pension plans send to their participants and beneficiaries that provides updates on the financial status of the pension plan. The Department of Labor (DOL) provides templates on their website with guidance on what information should be included such [continue reading]
What does playing a piano and validating decedents have in common? They both look simple to do from a spectator perspective, but to actually perform well is another story. It takes years of experience and vast knowledge to become accomplished at playing the piano or validating decedents. The death [continue reading]
Bridgeway Benefit Technologies (Bridgeway) and The Berwyn Group (Berwyn) are excited to partner together to revolutionize benefits administration by integrating Berwyn’s population data management expertise with Bridgeway’s cutting-edge platform, enhancing data accuracy, improving compliance, and streamlining plan management. In a recent webinar, we discussed why we partnered, the power [continue reading]
The Berwyn Group, a leader in population data management and Bridgeway Benefit Technologies (Bridgeway), a provider of cloud-based benefits administration solutions for the Taft-Hartley community, announce a strategic partnership to provide Bridgeway’s customers a single-source, proactive pension plan population management experience. The Berwyn Group offers an end-to-end suite of [continue reading]
Accurate participant and policyholder data is crucial - bad data is expensive. Having accurate data allows you to connect with participants and policyholders consistently and efficiently, effectively communicate with the population, and build a better relationship. Selecting the right locate service provider can be difficult – how do you know [continue reading]
You can also watch/listen to this webinar on our Berwyn University page. On August 15, 2024, Mariah Becker, NCCMP, Jim Donofrio, PBGC, and Randy McGeorge, Morgan Lewis, joined Berwyn’s Lindsey Tate-McDonald to discuss current and proposed pension related guidelines around several important topics: missing participants, SFA, DMF, audits and more. [continue reading]
Unreported deaths are increasing. The decline of the Death Master File and the rise of disparate data sources have made it more challenging than ever for pension plans to identify decedents and locate missing participants/beneficiaries. But inaccurate data can lead to costly overpayments that could threaten the longevity of [continue reading]
This month, industry experts are set to discuss current and proposed pension-related regulations and their implications in a webinar hosted by Berwyn University. [INDEPENDENCE, Ohio, Aug. 14, 2024] -- The Berwyn Group, a leader in death audit and locate services, is proud to announce the launch of Berwyn University, an [continue reading]
We are excited to announce further advancement in our ongoing focus on cybersecurity. With significant time and investment, we’ve implemented field-level and per-client encryption. These updates layer on top of industry standard Transparent Database Encryption (TDE) to further protect data even if an attacker achieved direct access to our database, [continue reading]
2023 was another record year with over 800 Pension Risk Transfers completed, a 30% increase from 2022. The pace continues in 2024 so it’s not a surprise that the PRT insurer participation has doubled over the past decade. Industry experts explain why the market for PRTs is hot right [continue reading]
