Complete Solution for pension administration
Our product DB Precision automates the administration of Defined Benefit Pension plans. Once setup on DB Precision, the check of a box allows participants and sponsors to to complete their own real-time benefit calculations over the web. Here is a more detailed list of product features:
• Robust Relational Database: DB Precision includes its own database for permanent storage of pension data. All database transactions are logged, providing you a complete picture of the data and history. See data related DB Precision screenshots for yourself by clicking here.
• Web Portal with No Additional Hardware/Software: to put your plan that is in DB Precision on the web, simply check a box. There is no web server to purchase, no security standards to learn, no software to buy. We handle that for you.
• Streamlined Valuation Process: load all of the data during the year or once as part of the valuation data submission. "Snapshot" the database and you have a file to import into your liability software. Produce benefit statements with a single button press.
• Combines Processes Under Single System: produce benefit estimates, statements, election forms, projections, and web calculations using one system.
• Paperless Document Storage: all plan and participant correspondence (calculation requests/results, SPDs, pension documents, QDRO correspondence, etc.) can scanned or saved as a pdf and then get stored directly inside the DB Precision database for easy retrieval and backup. What's more is that these same documents can be made viewable by participants and sponsors over the web through the pension portal.
• Simple Interface: setup is quick and easy. No coding is required. If you can write a formula in Excel you can setup a plan in DB Precision. See DB Precision screenshots for yourself by clicking here.
• Flexible enough to handle any plan design: hundreds of plan have already been setup in DB Precision. Whether your plan has employee contributions, cash balance accounts, Social Security PIA offsets, or level income options, there is nothing that DB Precision cannot handle.
