At CavMac, we believe that clear, personalized communication is essential to helping plan participants understand and prepare for their financial future. We provide annual employee benefit statements tailored to each active participant within your plan. These statements provide a concise, one-page summary of an individual’s retirement benefits, empowering members with the knowledge they need to make informed decisions.

Our process is built on accuracy, transparency, and collaboration, following a structured four-step approach:

• Data Collection – We begin by gathering participant data from the plan administrator. Then our team performs thorough checks to ensure the data is complete, consistent, and reasonable before moving forward.
• Benefit Calculation – Using this data, we calculate each member’s accrued and projected retirement benefits. The accrued benefit reflects the value of the benefit earned to date, based on current service and salary. The projected benefit estimates the value at normal retirement age, incorporating future service and salary assumptions.
• Statement Generation – Each participant receives a clear, easy-to-read, one-page statement outlining key details, including personal information, service history, and both accrued and projected benefits. This streamlined format ensures participants can quickly understand their retirement outlook.
• Statement Review – Before distribution, all statements undergo a comprehensive review by both the CavMac team and the plan administrator. Once finalized, the approved statements are prepared and distributed to participants.

By combining technical accuracy with clear communication, CavMac’s annual benefit statements help bridge the gap between complex actuarial calculations and meaningful participant understanding.

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