DC/Annuity Benefit Features

Demographics

  • Multiple ID Numbers per Participant
  • No Need to Process via SSN
  • Masked SSNs
  • Multiple Addresses
  • Address Standardization
  • CASS Address Verification
  • Unlimited Dependents
  • Unlimited Beneficiaries
  • Detailed Audit Histories

Participant Accounts

  • Tracking of Member Contributions
  • Multiple Accounts per Participant
  • Direct Feed from Payroll Reporting
  • Interest Posting
  • Service Calculations
  • Refunds Processing
  • Buy Back Processing
  • AR and AP Management

Payroll Reporting

  • Employer Reporting
  • Employer-Location Reporting
  • Job Classes & Categories
  • Any Combo of Reported Attributes
  • File & Paper Based Reporting
  • Self-Service Reporting
  • Configurable Validations
  • Wage, Work, Custom Data
  • Variable Reporting Periods & Formats
  • Retro Adjustments

Benefit Processing

  • Application Processing
  • Forms Management
  • Required Document Tracking
  • Beneficiary Administration
  • QDRO Administration
  • Workflow-Based Processing
  • Detailed Activity Log

Loans Processing

  • Configurable Loan Types
  • Multiple Active Purchases per Participant
  • Loan Eligibility Determination
  • Application Processing
  • Configurable Payment Plans

Reporting and Integration

  • End User Reporting
  • Ad Hoc Reporting
  • Tax Reporting
  • Actuarial Reporting
  • General Ledger Integration
  • Import & Export Processing

Contributions Accounting

  • Contract & Rate Maintenance
  • Individual or Group Contracts
  • Reported, Calculated & Validated Contributions
  • Contributions for Any # of Funds/Benefits
  • Retro Rate Changes
  • Prior Period Rebills
  • Discrepancy Billing
  • Credit Notices
  • Complete AR Management

Annuity Processing

  • Estimates and Actuals
  • Balance Projections
  • Balance Annuitization
  • Straight Life
  • Joint & Survivor
  • Term Certain
  • Term & Life
  • Single Sum
  • SSA Leveling
  • Plan-Specific Factors

Disbursements

  • Benefit Disbursements
  • Roll Over Processing
  • On-Demand Check Processing
  • Checks, EFTs & Direct Deposit
  • Split Payments to Multiple Accounts
  • Support for Feeds to 3rd Party Payers
  • Liens & Levies
  • Recoupments
  • Voids & Re-Issues
  • On Screen Check Images

Record Keeping

  • Unitized Administration
  • Transfer Agency
  • Order Processing
  • Trading
  • Reconciliation
  • Transfers
  • Rebalances
  • Statements