Due to recent economic changes, Aon Hewitt has begun research into an alternative pension plan called a Managed Account Plan. To provide Aon Hewitt with information about the risks of the MAPs to employers, this MQP simulated a population and that population’s additional liabilities at different guaranteed rates. The final model compares the risk of a MAP against a traditional Cash Balance plan. The analysis has shown that MAPs have potential benefits and warrant further research.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Riendeau, Elizabeth Marie
• Yang, Ziqing
• Cullen, Julie Anne
• DiLorenzo, Erika S

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-031013-232750

Advisor

• Abraham, Jon P.
• Vassallo, Helen G.

Year

• 2013

Sponsor

• Aon Hewitt

Date created

• 2013-03-10

Localização

• Waltham

Resource type

• Major Qualifying Project

Major

• Interdisciplinary
• Actuarial Mathematics

Rights statement

• In Copyright