Hewitt Associates

Hewitt Associates was a global human resources consulting and outsourcing company that provided a wide range of services to its clients. Founded in 1940 by Ted Hewitt, the company started as a small actuarial consulting firm and grew over the years to become one of the largest HR consulting firms in the world. Hewitt Associates was known for its expertise in areas such as benefits administration, payroll outsourcing, and HR consulting, and it served a diverse client base that included many Fortune 500 companies.

History and Evolution

Hewitt Associates has a long and storied history that spans over seven decades. The company was founded in 1940 by Ted Hewitt, who started the firm as a small actuarial consulting practice. Over the years, the company grew and expanded its services to include a wide range of HR-related functions, such as benefits administration, payroll outsourcing, and HR consulting. In the 1980s, Hewitt Associates began to expand its operations globally, opening offices in Europe, Asia, and other parts of the world. This expansion helped the company to become one of the largest HR consulting firms in the world, with a presence in over 30 countries and a client base that included many of the world’s largest and most successful companies.

Mergers and Acquisitions

In 2010, Hewitt Associates merged with Aon Corporation, a global provider of risk management and insurance services, in a deal worth approximately 4.9 billion. The merger created one of the largest HR consulting and outsourcing firms in the world, with a combined revenue of over 10 billion and a presence in over 120 countries. After the merger, the combined company was renamed Aon Hewitt, and it continued to provide a wide range of HR-related services to its clients, including benefits administration, payroll outsourcing, and HR consulting. In 2017, Aon Hewitt was spun off from Aon Corporation and rebranded as Alight Solutions, a global leader in HR and financial solutions.

Services and Solutions

Hewitt Associates provided a wide range of services and solutions to its clients, including benefits administration, payroll outsourcing, and HR consulting. The company’s benefits administration services included the design, implementation, and administration of employee benefit programs, such as health and welfare plans, retirement plans, and other types of benefits. Its payroll outsourcing services included the processing and administration of payroll for clients, as well as the management of payroll-related tasks such as tax compliance and benefits administration. The company’s HR consulting services included the provision of strategic advice and guidance on HR-related matters, such as talent management, organizational design, and HR technology.

Benefits Administration

Hewitt Associates’ benefits administration services included the design, implementation, and administration of employee benefit programs, such as health and welfare plans, retirement plans, and other types of benefits. The company’s benefits administration services were designed to help clients manage their benefit programs more effectively, and to provide employees with access to a wide range of benefits that could help to attract and retain top talent. Some of the specific benefits administration services offered by Hewitt Associates included benefit plan design, benefit plan implementation, and benefit plan administration.

• Benefit plan design: Hewitt Associates helped clients to design benefit plans that met their specific needs and goals.
• Benefit plan implementation: The company assisted clients with the implementation of their benefit plans, including the communication of plan details to employees and the management of plan enrollment.
• Benefit plan administration: Hewitt Associates provided ongoing administration of benefit plans, including the management of plan eligibility, enrollment, and claims processing.