ProAct Wealth Statement aggregates an employee’s total compensation information, including salary, 401(k), stock purchase, stock options, deferred compensation, and pension. Wealth Statement also presents a consolidated view of the value of health and welfare benefits such as medical, dental and life insurance, according to a news release.
Capabilities of the product include
- a single view to model and manage all corporate-sponsoredfinancial benefits
- an available knowledgebase of wealthbenefits information, including plan descriptions, corporate policies andgovernment regulations
- mass printing capability allowing administrators to define and execute printing of total rewards statements for selected groups of employees
- role-based views allowing an HR representative to view an employee’s total rewards statement and help them betterunderstand its value.
More information is available by contacting Joyce Clark at ProAct Technologies at (914) 872-8223.