Customized Buyout Price Monitoring (“CBPM”) builds upon the analysis done for The BCG PRT Index by offering similar measurements customized to reflect the characteristics of a specific DB plan.
CBPM empowers plan sponsors and advisors to continually measure the “Exit Liability” of a specific DB pension plan via comprehensive monthly monitoring.
CBPM is delivered via an interactive client portal that allows for the lump sum utilization rate to be modelled for various plan participant groupings (e.g. actives, terminated vesteds, retirees).
Similar to The BCG PRT Index, CBPM reflects changes in the participating insurance providers’ annuity pricing from month to month, however CBPM is specific to the characteristics and features of a specific plan, reflecting participant data as reported by the plan sponsor (generally annually).
Participating Insurance Providers
Fun Fact: The bridge on the home page of BCG’s website is the Georgia Street Bridge in Hillcrest, San Diego, CA. We chose this bridge because it clearly denotes a gap. This resonates with us at BCG as we see ourselves as helping our clients bridge their pension gap!