DB Precision Pricing:
DB Precision is sold to actuarial
firms, third party administrators, and directly to human
resources departments of pension plan sponsors. An actuarial
or administration firm may lease either the administrator
version or human resources version of DB Precision depending
upon need.
Some firms may want to use benefit
calculation software for only one client or may want to
sell such software to a client. In such situations, the
human resources version of DB Precision may be more economical.
Actuarial Firms and Third Party Administrators:
There is no charge for the
first three months of use. After three months, our customers
begin making payments.
Annual lease payments for actuarial firms and third party administrators after the first three months are determined based upon the sum of the following:
Lease Payment Components:
• Basic Charge: $10,000 (includes
license for 2 concurrent system users and up to 25,000 employees/participants
on the database).
• Charge for additional
concurrent users: $2,500 per additional concurrent
user.
• Charge for each additional 5,000 employees/participants allowed on the database: $1,000
Lease Examples:
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.
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).
Small Business Package:
We also offer a special small business lease which allows
for 1 concurrent user and up to 15,000 employees/participants
on the database. The charge for this package is $4,000 per
year.
Customer License Changes:
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 (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, but will never exceed
$10,000.
Plan sponsor versions of DB Precision are designed for a single concurrent system user and one plan sponsor. The plan setup is completed by PensionSoft prior to installation.
The above rates are generally far below the charges of other software vendors and actuarial firms. If you would like to learn more, contact us by email at sales@pensionsoft.com or by phone at (860) 680-1375.
