Valuation Output Fields

Use this reference while drilling through plan or participant valuation results. Each field is grouped with the output level where it appears.

Plan summary

Database Capture / Plan Definition / Assumptions — Identify the saved participant data, benefit-item setup, and funding or accounting assumption definition used by the result.

Total Number of Participants — Number of participants included in the result.

Number of Actives / TVs / Disabled / Retirees / Beneficiaries — Participant counts by valuation status. Actives includes active non-accruing participants.

Current Earnings — Total current earnings from the Average Earnings Definition selected for valuation.

Participant listings

SSN / Name / DOB / Status — Participant identification and valuation status from the selected capture.

Pension Pay — Current valuation earnings for the participant.

Result columns — Applicable liabilities and normal costs. Decrement-specific views append Ret, Trm, Dth, or Dis.

Participant summary

Identity and historical dates — Participant and beneficiary identity, birth dates, and available hire, service, participation, termination, retirement, and death dates.

Service — Credited, vesting, and participation service from the planwide Service Definition designations.

Inactive benefit — Annual benefit, form, participant and beneficiary fractions, certain period or end date, and level-income information.

Valuation data — Status, current age, entry age, beneficiary age, and current earnings.

Benefit-by-year detail

The first method drilldown displays Year, Age, one column for each benefit item, and Total.

Benefit Amount — Benefit produced by the item for that year. A normal-cost view may show BOY Benefit, EOY Benefit, and NC Benefit.

Retirement / Termination / Death / Disability — Probability of the selected decrement during the year.

Form of Benefit — Expected payment-form value after election and marital weighting.

Employed — Probability the participant remains active through the applicable point in the projection.

Discount — Present-value factor developed from the applicable interest assumption.

Liability / Normal Cost — Contribution of the displayed year to the selected result.

Benefit amount drilldown

Benefit Amount — Benefit before the displayed adjustment and vesting factors.

Benefit Adj — Early, late, or other configured benefit adjustment.

Vesting Pct — Fraction returned by the benefit item’s Vesting Adjustment formula.

Adjusted Benefit / Vested Adjusted Benefit — Benefit after adjustment, and after vesting when the selected result is vested. Active UC and PUC use the adjusted amount without vesting.

Decrement detail

Rate — Ret / Term / Mort / BenMort / Dis — Input retirement, termination, participant mortality, beneficiary mortality, and disability rates for the year.

Adj Rate — Corresponding decrement probability after the selected competition rule is applied.

Employed — Cumulative probability of remaining active to the year.

Form of benefit detail

Payment-form columns — Annuity or payment-form value for each configured form.

Election Factor Single / Married — Sex-specific election fraction for the applicable form.

Married Rate (S) / Married Rate — Single and married weights developed from the assumed married fraction.

Weighted AF — Payment-form value after its election and marital weights.

Form of Benefit — Total expected payment-form value across the applicable forms.

Earnings, PVFS, EAN, and contributions

Earnings — Year, age, and Pension Pay from the valuation earnings projection.

PVFS / PV Service — Salary or normal-cost unit, employment probability, discount, and resulting present value at entry age or the valuation date.

Employee Contributions — Contribution, employment probability, discount, and PVEC or ECNC. ECNC appears as a negative normal-cost offset.

EAN summary — Entry-age and valuation-date PVFS or PV Service, valuation salary or normal-cost unit, Normal Cost, PVFB, and Total Liability.

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