The V3 System: Software for Pension Administration
The V3 System Delivers:
- Administrative Flexibility
- Improved Customer Service
- Extreme Scalability
- Accurate and Timely Data
- Self-Service Alternatives
- Quality Correspondence
- Operational Transparency
- Value Added Reporting
The V3 System's powerful Defined Contribution and Annuity features include:
Demographics
- Multiple ID Numbers per Participant
- No Need to Process via SSN
- Masked SSN’s
- Multiple Addresses
- Address Standardization
- CASS Address Verification
- Unlimited Dependents
- Unlimited Beneficiaries
- Detailed Audit Histories
Benefits Definition
- Annuity Definition
- Ability to define multiple streams in a single annuity
- Ability to define one time and recurring streams
- Recurrence by definable period
- Term Certain and Straight Life streams
- COLA adjustments
- Annuity-specific recurring adjustments
- Security controlled overrides
Benefits Processing
- Application Processing
- Forms Management
- Required Document Tracking
- Beneficiary Administration
- QDRO Administration
- Workflow-based processing
- Detailed Activity Log
Disbursements
- Benefit Disbursements
- Roll over processing
- Periodic or On Demand Check Processing
- Checks, EFTs and Direct Deposit
- Split payment to multiple accounts
- Support for Feeds to Third Party Payers
- Liens and Levies
- Recoupments
- Voids and Re-issues
- On Screen Check Images
- Multi-Step, High Security Processing
Reporting and Integration
- End User Reporting
- Ad Hoc Reporting
- Tax Reporting
- Actuarial Reporting
- General Ledger Integration
- Import and Export Processing
