Benefit Administration Services
Annual Employee Benefit Statements
CavMac will provide annually personalized benefit statements for active participants of the Plans. These will be completed in a four-step process.
- Data Collection – in this step, we will collect the data from the Plan administrator to be used to generate the statements. After the data has been collected, we will perform tests of the data to check for consistency and reasonableness.
- Benefit Calculation – utilizing the data provided we will calculate the member’s accrued benefit and projected retirement benefit. The accrued benefit is based on current service and current salary and represents the value of the member’s benefit as of the calculation date. The projected benefit is based on service and salary projected to normal retirement age.
- Statement Generation - the end result is a one-page personalized benefit statement that will display the member’s name, gender, date of birth, current service, service projected to the normal retirement date, accrued benefit and the projected retirement benefit.
- Statement Review - the statements generated in the previous step will be thoroughly reviewed by both CavMac staff and the administrator. Once we have final approval, a final copy of the statement will be prepared and sent to the administrator for distribution.
CavMac Pension Portal
The CavMac Pension Portal empowers public sector plan sponsors to deliver a more modern, transparent, and efficient pension experience. By combining secure technology with CavMac’s actuarial expertise, it enhances participant engagement while streamlining plan administration.
Through CavMac’s partnership with PensionSoft®, the portal provides a comprehensive online platform that simplifies defined benefit plan administration. Built on trusted technology used by plans nationwide—and supported by CavMac’s deep public sector expertise—it brings together technology + actuarial insight to improve decision-making, increase efficiency, and elevate participant service.
From benefit estimates to retirement processing, the portal supports the full lifecycle of participant engagement—helping your organization transition from manual processes to a more connected, digital experience.
Built with flexibility in mind, the portal can be tailored to reflect your organization’s identity while supporting the unique needs of your plan.
- Enable participants to generate benefit estimates on demand
- Deliver customized annual benefit statements with tailored displays and illustrations
- Allow participants to view statements and other documents online
- Customize the portal with your branding and visual identity
- Tailor displays and benefit illustrations to align with your plan design
- Deliver a seamless, intuitive participant experience
- Enable secure, role-based access for plan administrators
- Offer centralized access to plan data, documents, and participant information
- Support efficient benefit calculations, estimates, and document generation, including retirement packages
- Streamline the process from initial request through monthly payment initiation
- Provide participants with online access to benefit estimates and retirement planning tools
CavMac Pension Portal Service Models - Choose from three flexible service models tailored to your organization’s structure, resources, and administrative needs.
A comprehensive demonstration of the CavMac Pension Portal is available upon request.
Individual Benefit Calculations
CavMac supports many clients by assisting their Human Resources teams with the administrative responsibilities of certifying and preparing individual benefit calculations for plan participants. These calculations often require actuarial expertise to ensure accuracy and consistency.
To support this work, CavMac has developed customized Excel-based models tailored to each client’s plan design and requirements. These tools streamline the calculation process, improve monthly efficiency, and provide a consistent, transparent approach that is easy for clients to understand and rely on.
