BNET Industries
Market Cap:$3.9B
Last Fiscal Year Sales:$3.2B
- Public
- US
Dow Jones Description
Hewitt Associates (NYSE: HEW) provides leading organizations around the world with expert human resources consulting and outsourcing solutions to help them anticipate and solve their most complex benefits, talent, and related financial challenges. Hewitt consults with companies to design and implement and communicate a wide range of human resources, retirement, investment management, health management, compensation, and talent management strategies. As a leading outsourcing provider, Hewitt administers health care, retirement, payroll, and other HR programs to millions of employees, their families, and retirees. With a history of exceptional client service since 1940, Hewitt has offices in more than 30 countries and employs approximately 23,000 associates who are helping make the world a better place to work.
Chief Executive Officer
Russell P. FradinNumber of Employees 23,000
Contact Information
100 Half Day Road
Lincolnshire, Illinois 60069-3342
(847) 295-5000
Peer Companies
NAICS Code Human Resources Consulting Services: 541612
Recent Events
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Deutsche Bank Upgrades Hewitt Associates HEW to Buy; Valuation attractive for its Steady Profit Growth
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Hewitt Associates Finished Tuesday At New High For Year
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Report: Hewitt Associates names global strategy leader for investment
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2010 salary forecasts: employers remain cautious - Findings of a study commissioned by the Ordre...
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REFILE-UPDATE 1-MOVES-Barclays Bank, PriceWaterhouseCoopers
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Hewitt Associates rises after analyst upgrade
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UPDATE 2-Hewitt raises FY09 EPS view, shares rise
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Hewitt Associates appoints director
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Hewitt Associates Appoints Judson Green to Board of Directors
News & Analysis
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hewitt associates llc and retirement plans - All News and Analysis
Microsoft Excel Training Program: Set A Course For Your Future
Given the increasing importance of 401k plans in providing retirement security to Americans, fiduciary decisions are more important than ever before. Plan fiduciaries must act as experts, diligently protecting the interest of participants and beneficiaries. A key fiduciary responsibility is to understand the costs associated with the plan and to...
What Sort Of Career Path Can I Pursue With Structural Engineer Training?
Designing an effective 401k plan is becoming increasingly challenging for employers. The workforce is becoming more diverse, and the business climate and economic environment are rapidly changing. Ongoing legislative and regulatory changes add another layer of complexity to the mix. Employers are frequently forced to reassess their current retirement offerings...
Hewitt Study Highlights Squeeze on Retirement Savings
A recent study by Hewitt Associates, a global human resources services firm, found that employees who do not contribute to their 401k plans can expect to replace as little as 52 percent of their annual preretirement income when they retire - well short of an average retiree's income needs. This...
Hewitt Study Shows Nearly Half of U.S. Workers Cash Out of 401(k) Plans When Leaving Jobs
Despite the growing need for employees to save for retirement, a significant number of workers participating in 401k plans "cash out" of them once they leave their company, according to new research by Hewitt Associates, a global human resources services firm. Hewitt's study of nearly 200,000 workers who participate in...
Hewitt Study Shows More Companies Putting 401(k) Plans on Autopilot
This article reports that employers encourage retirement saving by automating and simplifying 401k plan features. An increasing number of employers are stepping up their efforts to encourage workers to save and invest for retirement by offering tools that put their 401k plans on autopilot. It also reports that in addition...
Research Highlights: How Well Are Employees Saving and Investing in 401(k) Plans - 2005 Universe Benchmarks
As 401k plans play an increasingly prominent role in retirement income adequacy, there is an even greater need for employees to save and invest well in their plan. Are employees up to the challenge? Are some plan sponsors' efforts to improve plan utilization - such as targeting communication, offering lifestyle...
The Cost of Loyalty: Even Now, Employees Still Invest Their 401(k)s in Company Shares, and They Still Sue if the Stock Goes South
Ever since the Enron debacle, in which employee retirement accounts collectively lost more than $1 billion, workers have been warned about the downside of putting 401k money solely in their company's stock. But, according to Hewitt Associates, the practice is alive and well. In fact, some 84 percent of the...
The Cost of Loyalty
Ever since the Enron debacle, in which employee retirement accounts collectively lost more than $1 billion, workers have been warned about the downside of putting 401k money solely in their company's stock. But, according to Hewitt Associates, the practice is alive and well. In fact, some 84 percent of the...
The New Reality of Retirement Income Adequacy: Preparing Your Employees
The retirement picture could look markedly different for retirees in the future compared to those of today. The reasons include: the rising costs of retiree medical care, the erosion of the traditional pension plans, underutilization of 401k plans and more. These realities will force employees to change their expectations and...
Breaking Down Barriers: Insights on Boosting 401(k) Plan Participation and Interaction
The chasm between how much workers value their 401k plan and how poorly they use it can both mystify and confound plan sponsors. Yet the paradox is entirely consistent with the models of behavioral finance, a discipline that combines economics and psychology to explain why perfectly rational people make investment...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Russell P. Fradin | Chief Executive Officer |
| Jay C. Rising | President, HR Outsourcing |
| Julie S. Gordon | President, Client & Market Leadership |
| Brad Anderson | Chief Information Officer |
| John Park | Chief Financial Officer |
| Kristi Savacool | Senior Vice President, Global Business Services and Information Technology |
| Matthew C. Levin | Senior Vice President, Corporate Development and Strategy |
| Steven J. Kyono | Senior Vice President, General Counsel & Corporate Secretary |
| Alison Borland | Defined Contribution Practice Leader |
| Andrew Bell | Global Practice Leader |
| Carlos A. Rraposo | HR Outsourcing, Latin America Leader |
| Eric C. Fiedler | HR Consulting, Asia-Pacific Leader |
| James R. Konieczny | Multi-Process HR Outsourcing Leader |
| John L. Anderson | Leader, Talent & Org Consulting Business |
| Maureen A. Kincaid | Co-Leader-Health Management Business |
| Michael R. Lee | HR Consulting, Sales and Client Management Leader |
| Richard Jones | HR Outsourcing, Europe Leader |
| Roger Parkin | HR Consulting and Integration, Europe Leader |
| Rohail Khan | Benefits Outsourcing Operations Leader |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Alex J. Mandl | Board of Directors |
| Cary D. McMillan | Board of Directors |
| Cheryl A. Francis | Board of Directors |
| Judson C. Green | Board of Directors |
| Michael E. Greenlees | Board of Directors |
| Michele M. Hunt | Board of Directors |
| Steven A. Denning | Board of Directors |
| Steven P. Stanbrook | Board of Directors |
| Thomas J. Neff | Board of Directors |
| William J. Conaty | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Chief Executive Officer | Current |
| Hewitt Associates LLC | Chairman | Current |
| Gartner, Inc. | Board of Directors | Current |
| The BISYS Group, Inc. | Board of Directors | Current |
| The BISYS Group, Inc. | President & CEO | Former |
| The ADP | Group President, Global Employer Services | Former |
| McKinsey & Company, Inc. | senior partner | Former |
| The Corporate Executive Board Company | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | President, HR Outsourcing | Current |
| RightNow Technologies Inc. | President, Field Operations | Former |
| Automatic Data Processing, Inc. | Corp Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | President, Client & Market Leadership | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Hewitt Associates LLC | President, HR Outsourcing | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Chief Financial Officer | Current |
| Orbitz Worldwide, Inc. | Chief Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Senior Vice President, Global Business Services and Information Technology | Current |
| The Boeing Company | Vice President, Shared Services Group | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Senior Vice President, Corporate Development and Strategy | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Senior Vice President, General Counsel & Corporate Secretary | Current |
| Automatic Data Processing, Inc. | President, Dealer Services | Former |
| The BISYS Group, Inc. | Executive Vice President, General Counsel & Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Defined Contribution Practice Leader | Current |
| Hewitt Associates LLC | Principal & Senior Benefits Consultant, Retirement & Financial Management Business | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Global Practice Leader | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | HR Outsourcing, Latin America Leader | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | HR Consulting, Asia-Pacific Leader | Current |
| Hewitt Associates LLC | Division Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Multi-Process HR Outsourcing Leader | Current |
| Hr Outsourcing, Inc. | Chief Operations Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Leader, Talent & Org Consulting Business | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Co-Leader-Health Management Business | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | HR Consulting, Sales and Client Management Leader | Current |
| Hewitt Associates LLC | Leader, Client Development, North America | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | HR Outsourcing, Europe Leader | Current |
| Accenture Ltd. | global managing partner | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | HR Consulting and Integration, Europe Leader | Current |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Benefits Outsourcing Operations Leader | Current |
Alex J. Mandl is 65 years old and has been a director of the company since March 2008. Mr. Mandl is currently the non-Executive Chairman of Gemalto, a company resulting from the merger of Axalto Holding N.V. and Gemplus International S.A. From June 2006 until December 2007, Mr. Mandl served as Executive Chairman of Gemalto. Before June 2006, Mr. Mandl was President, Chief Executive Officer and a member of the Board of Directors of Gemplus, positions he held since August 2002. He also serves on the boards of Gemalto N.V., Dell Inc., Hewitt Associates, Inc. and Horizon Lines, Inc.
| Organization | Position | Status |
|---|---|---|
| Axalto, Inc. | Global Leader | Current |
| Visteon Corporation | Board of Directors | Current |
| Horizon Lines, Inc. | Board of Directors | Current |
| Gemplus Corp | Vice-Chairman of the Board of Directors | Current |
| Gemalto N.V. | Board of Directors | Current |
| Core Capital Partners | Board of Directors | Current |
| Dell Inc. | Board of Directors | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Teligent, Inc. | Chief Executive Officer | Former |
| Gemplus International S.A. | President & CEO | Former |
| Gemplus Corp | CEO | Former |
| AT&T Inc. | President | Former |
| AT&T Inc. | Chief Financial Officer | Former |
| AT&T Inc. | Executive Vice President | Former |
| Boise Cascade, LLC | Former | |
| Teligent, Inc. | Chairman | Former |
| In-Q-Tel, Inc. | Board of Directors | Former |
| Pfizer Inc. | Board of Directors | Former |
| American Enterprise Institute for Public Policy Research | Board of Directors | Former |
| University of California, Berkeley | M.B.A | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Corporate Leadership Center | Co-Founder | Current |
| Ucwbg | Board of Directors | Current |
| Corporate Leadership Center | Vice-Chairman | Current |
| The Advisory Council | Board of Directors | Current |
| The Chicago Network | Board of Directors | Current |
| HNI Corporation | Board of Directors | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Morningstar, Inc. | Board of Directors | Current |
| Commercial Club of Chicago | Board of Directors | Current |
| Women's Initiative | Board of Directors | Current |
| The Chicago Network | Member | Current |
| Commercial Club of Chicago | Member | Current |
| Women's Initiative | Member | Current |
| R.R. Donnelley & Sons Co. | chief financial officer | Former |
| University of Chicago Graduate School of Business | First Woman Officer | Former |
| The Chicago Network | Special Task Force Chair | Former |
| Lands' End, Inc. | Board of Directors | Former |
| University of Chicago | MBA | Former |
| University of Chicago Graduate School of Business | Master's Degree In Business Administration | Former |
| Cornell University | BS | Former |
| Organization | Position | Status |
|---|---|---|
| NAVTEQ Corp. | President & CEO | Current |
| NAVTEQ North America, LLC | CEO | Current |
| DreamWorks Animation SKG Inc. | Board of Directors | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Harley-Davidson, Inc. | Board of Directors | Current |
| NAVTEQ Corp. | Board of Directors | Current |
| The Walt Disney Company | President | Former |
| The Walt Disney Company | Chief Financial Officer | Former |
| University of Chicago | M.B.A. | Former |
| DePauw University | bachelor's degree in economics | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Board of Directors | Current |
| Omnicom Group Inc. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| General Atlantic, LLC | Managing Partner | Current |
| General Atlantic, LLC | Chairman | Current |
| The Nature Conservancy | Board of Directors | Current |
| Thomson Reuters Corporation | Board of Directors | Current |
| Stanford University | Board of Trustees | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| American Museum of Natural History | Board Member | Current |
| Eclipsys Corporation | Board of Directors | Current |
| SRA International Inc. | Board of Directors | Current |
| McKinsey & Company, Inc. | Consultant. | Former |
| The Thomson Corporation | Board of Directors | Former |
| Naval Postgraduate School | MS Degree | Former |
| Stanford Graduate School of Business | M.B.A. degree | Former |
| Georgia Institute of Technology | B.S. degree | Former |
| American Museum of Natural History | member | Former |
Mr. Stanbrook has been President, Developing Markets Platform, of S.C. Johnson & Son, Inc., a manufacturer of consumer products, since July 2006. Before that he was President - Asia and Americas, from January 2005 to July 2006. From 2003 to December 2004 he was President, Asia and from 1996 to 2002, Mr. Stanbrook was President of S.C. Johnson’s business in Europe, Africa, and Near East. Mr. Stanbrook is also a director of Hewitt Associates, Inc.
| Organization | Position | Status |
|---|---|---|
| S.C. Johnson & Son, Inc. | President, Asia and Americas | Current |
| Chiquita Brands International, Inc. | Compensation & Organization Development Committee Chairman | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Sara Lee Corporation | CEO | Former |
| Compuserve Interactive Services, Inc. | CEO | Former |
| Sara Lee Corporation | President | Former |
| Compuserve Interactive Services, Inc. | President | Former |
| Chiquita Brands International, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Lafayette College | Trustee Emeritus | Current |
| Spencer Stuart | Chairman, U.S. | Current |
| Hewitt Associates LLC | Board of Directors | Current |
| Lord Abbett & Co. | Board of Directors | Current |
| Lafayette College | Board of Directors | Current |
| ACE Limited | Board of Directors | Current |
| Spencer Stuart | President | Former |
| Booz Allen Hamilton, Inc. | Principal | Former |
| McKinsey & Company, Inc. | Management Consultant | Former |
| United States Army | Officer and Aide de Camp | Former |
| Brunswick School | Chairman | Former |
| Spencer Stuart | Director | Former |
| Lehigh University | MBA | Former |
| Lafayette College | B.S., Industrial Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Hewitt Associates LLC | Board of Directors | Current |
| General Electric Company | Senior Vice President, HR | Former |
Executive News
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Announcing HSM Webinars and "Road to World Business Forum" Webinar Series
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Announcing HSM Webinars and "Road to World Business Forum" Webinar Series
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Announcing HSM Webinars and Road to World Business Forum Webinar Series
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Hewitt Associates appoints director
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BRIEF-Hewitt Associates appoints Judson Green to board of directors
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Straight Talk in a Slump
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The 401(k) Rollover Conundrum
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