Alight ranked as a top U.S. defined contribution record keeper by Pensions & Investments
10 Maio 2023 - 11:00AM
Business Wire
Ranking reinforces Alight's leadership in supporting the
long-term financial wellbeing of employees
Alight, a leading cloud-based human capital and technology
services provider, announced today that it has been ranked as the
second largest defined contribution (DC) record keeper for assets
under administration in the annual Pensions & Investments
survey of record keepers. The survey, now in its 29th year, ranks
the largest defined contribution providers in the United
States.
This ranking reflects significant wins and organic growth by
Alight in the DC recordkeeping space in both the commercial and
public sector, as well as strong retention of existing DC clients.
As a result, Alight experienced a 113% increase year over year in
the total number of assets under administration. In addition to its
ranking by assets, Alight moved up four spots to become the third
largest provider in 2023 as measured by the number of total DC
participants it serves, advancing 161% to 11.7 million
participants.
"We are honored to be recognized as one of the top DC record
keepers in the country," said Virginia Maguire, vice president of
wealth solutions and strategy at Alight. "Financial security is
about more than just retirement savings — it impacts people’s
wellbeing and career. This ranking is a testament to our continued
commitment to delivering innovative, security-first solutions and
exceptional service to help employees make more informed decisions
about their financial wellbeing."
Alight’s DC solutions are powered by Alight Worklife®, the
company’s employee experience platform. Alight Worklife was
released in 2021 and spans health, wealth, and payroll solutions.
The AI-driven platform drives better wellbeing outcomes for
individuals and employers at their point of need. In addition,
Alight Worklife’s intelligent layered security model, multi-factor
and biometric authentication, real-time fraud detection
capabilities and security alerts provide robust security measures
that continuously evolve to meet and exceed industry best practices
and stay ahead of the latest threats.
With more than 40 years of experience in the recordkeeping
space, Alight serves as the recordkeeper for some of the largest
employers in the country. For more information about Alight’s DC
recordkeeping solutions, visit Alight.com.
About Alight
Alight is a leading cloud-based human capital technology and
services provider that powers confident health, wealth and
wellbeing decisions for 36 million people and dependents. Our
Alight Worklife® platform combines data and analytics with a
simple, seamless user experience. Supported by our global delivery
capabilities, Alight Worklife is transforming the employee
experience for people around the world. With personalized,
data-driven health, wealth, pay and wellbeing insights, Alight
brings people the security of better outcomes and peace of mind
throughout life’s big moments and most important decisions. Learn
how Alight unlocks growth for organizations of all sizes at
alight.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005287/en/
Alight Mariana Fischbach mariana.fischbach@alight.com
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