On April 7, 2025, Alight, Inc. (NYSE: ALIT), a prominent provider of cloud-based human capital and technology-enabled services, proudly announced the successful onboarding of its 200th Pension Risk Transfer (PRT) transaction. This significant milestone underscores Alight's unwavering commitment to providing comprehensive pension administration solutions tailored for some of the largest organizations in the world.

2. Innovative Solutions Driving Growth

Alight's PRT solution integrates cutting-edge, data-driven digital tools with efficient back-office administration, ensuring a seamless transition from settlement to payment for insurers. This innovative combination of technology and expert decision support not only enhances the user experience but also allows insurers to effectively grow their businesses while managing associated costs and risks. The high-touch service delivered to policyholders is a testament to Alight's dedication to excellence.

Since launching its PRT business in 2019, Alight has seen remarkable growth, successfully closing over 60 unique deals in 2024 alone. This trajectory highlights the increasing demand for robust pension administration solutions in an evolving market.

3. Diverse Transactions Reflecting Market Trends

The wide range of scale and complexity in the PRT transactions completed by Alight illustrates the company's adaptability in meeting the diverse needs of its insurance partners. Key highlights of the transactions include:

Transaction Scale: Engagements have varied significantly, with policyholder counts ranging from fewer than 10 to over 70,000 per transaction.

Deferred Lives: A noteworthy 41% of the onboarding transactions included deferred lives, indicating a growing market trend where employees or former employees have not yet begun receiving their benefits.

High-Touch Interactions: Alight has facilitated over 300,000 high-touch and high-tech interactions with policyholders each year, emphasizing their commitment to personalized service.

4. Commitment to Client Needs

Rob Sturrus, Chief Client Officer and President of Administration Solutions at Alight, expressed pride in reaching this milestone. “As we celebrate the onboarding of our 200th PRT transaction, we remain dedicated to providing comprehensive solutions that meet our clients’ needs and support insurers in managing their PRT portfolios effectively,” said Sturrus. He highlighted that Alight’s PRT solution offers policyholders secure access to their benefits through intuitive tools and real-time support, simplifying the overall process.

Sturrus emphasized that “from pre-hire to retire, Alight enables organizations to gain a benefits advantage, while building a healthy and financially secure workforce.”

5. Conclusion

Alight, Inc. continues to lead the way in pension risk transfer solutions, marking a pivotal moment with the onboarding of its 200th transaction. The company's focus on technology-driven solutions and exceptional client service positions it well to meet the evolving demands of the insurance industry. As Alight forges ahead, it remains committed to enhancing the benefits landscape for organizations and their employees alike, fostering a healthier, more financially secure workforce.

For more information about Alight’s Pension Risk Transfer solution, visit their website.

Original press release