Where Does the Data for a Total Compensation Statement Come From?
From the systems that already hold it, not a spreadsheet rebuilt by hand.
How it works in practice
From the systems that already hold it, not a spreadsheet rebuilt by hand.
That is what makes the statement checkable before it ships. The numbers trace back to the renewal, enrollment and payroll records instead of to someone’s retyping.
It is also what makes the statement repeatable next year rather than a one-time project. The mapping from system to statement carries over.
We pull from the employer’s own files and check the result before it is sent, so HR is not asked to fill in figures by hand.
Three places to go next
Benefits technology
Systems and data behind the statement.
Total compensation statements
Show employees the full value of the package.
Plan analyst
Who checks the numbers before they ship.
Related questions.
Why not a spreadsheet?
A spreadsheet rebuilt by hand is harder to check and harder to repeat.
Who checks the data?
It is checked before the statement ships.
Does HR have to supply figures?
No. The data comes from the renewal and enrollment files we already maintain.
Where this comes from.
This page describes how CFH builds and times total compensation statements and related materials for employer clients. It uses no outside statistics. The related guides below cover the wider process.
Send us your renewal.
We’ll tell you whether it looks competitive, where we see opportunity, and the five questions we’d put to your carrier. No cost, and no obligation to move anything.
The renewal letter
Your current plan summary
Contribution split by tier
Enrolled counts by tier
Four documents — two more if your group is 50 or more. Nothing else; every extra one is a reason to postpone.
An independent employee benefits consulting firm. We look at the entire benefits program: cost, plan performance, risk and administration.
Switch to CFH. Unhappy with your broker? Your employees won’t notice. You will. →