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STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential

STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential

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Progressives Also Outpace Other Companies in Planned Future Use<br />

of Online Tools for Employees<br />

By 2010, benefit administrators at progressive firms will be more likely to use the<br />

web to process bills, check claim status, process 401(k) deferrals, obtain forms, and<br />

update eligibility processing.<br />

Employees at progressive firms will continue to use self-service tools that allow<br />

them to manage their 401(k), update information, enroll for coverage, and access<br />

educational information.<br />

EXPECTED AVAILABILITY <strong>OF</strong> WEB TECHNOLOGY FOR <strong>EMPLOYEE</strong>S BY 2010<br />

Progressives All Firms Point Difference<br />

Access PTO info 79% 52% +27<br />

Update personal info 90% 64% +26<br />

Handle enrollment 87% 62% +25<br />

Access financial planning tools 89% 65% +24<br />

Access retirement plan info 89% 66% +23<br />

Update beneficiary info 87% 65% +22<br />

Verify eligibility 81% 59% +22<br />

Manage retirement plan 91% 70% +21<br />

Obtain forms 86% 68% +18<br />

Submit claims 74% 60% +14<br />

Check claims status 76% 65% +11<br />

33

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