PensionSoft Pricing
There is no charge for the first three months of use. After three months, our customers begin making payments as follows:
Lease Payment Determination
Annual lease charges after the first three months are determined based upon the sum of the following charges:
• Basic Charge: $10,000 (includes license for 2 concurrent system users and up to 25,000 employees/participants on the database).
• User Charge: $2,500 per additional concurrent user over 2.
• Participant Charge: $1,000 for every 5,000 participants over 25,000
Lease Examples
Example 1: small firm
A small firm that currently does not need more than 2 concurrent users on the system at once or more than 25,000 employees/participants on the database would pay $10,000 per year.
Example 2
A larger firm that wanted 4 concurrent users and 50,000 employees/participants on the database would pay $20,000 per year = $10,000 + (2 Additional Users * $2,500) + (5 Additional Blocks of 5,000 participants * $1,000).
Changes in Usage and Fees
At any time, the customer can change the number of allowable concurrent users as well as the maximum number of employees/participants. Charges during such periods are prorated accordingly.
* Lease rates are subject to change. However, once a firm signs on as a PensionSoft customer, no increases will be applied to that customer's rates for 3 years from the date of signing.
Pension Plan Sponsors Pricing (Human Resources Departments)
A human resources version of DB Precision is also available. This version is designed for the human resources department that wants to do its own benefit calculations or have PensionSoft do the calculation at low per-calculation rates (see below).
Human Resources Pricing Options
• Lease: For most pension plans, the annual lease
payment of such software is $7,500. However, for more complex
plan designs the payment may be higher. Actual pricing can be determined by contacting PensionSoft at (860) 680-1375. We will analyze your plan and usage requirements to determine the annual fee.
Plan sponsor versions of DB Precision are designed for a single concurrent system user and one plan sponsor. Additional users and plans will increase the fee. The plan setup and initial data load is completed by PensionSoft prior to installation. Imports are set up in the system to allow for ongoing maintenance of system data.
If you are interested in learning more, contact us at (860) 680-1375 or email us at sales@pensionsoft.com
