Key features include:
- Integration
- Login/home page provides access to all modules
- Plan document provisions transfer to DB Compliance
- ftwPortalPro facilitates census data collection and file/document transfers
- Form 5500, Schedule SB data and attachments populate from DB Compliance
- Easy uploads/downloads for sharing data between DB & DC plans for census processing and nondiscrimination testing
- Actuarial Valuations
- Easy to use for small, traditional DB and cash balance plans
- Benefit formulas may be defined using groups
- Beginning or end of year valuations
- Ability to create a custom client package by selecting from individual, pre-designed reports
- Does not currently support multiple decrements (termination probabilities, disability, etc.) or life insurance in plans
- Compliance Testing
- Minimum participation testing
- Standalone DB or aggregated DB/DC coverage and nondiscrimination testing
- Detailed reports for each test
- Auto-solve for nondiscrimination testing
DB Proposal
Click here to download Defined Benefit Proposal product sheet
- Included with DB Compliance or purchased separately – works independently from DB Compliance, but uses the same calculations
- Illustrates standalone cash balance or CB/DC combo plans for up to 5 designs at a time
- True actuarial valuations performed to model actual minimum and maximum contribution results
- Full compliance testing with detailed reports
- Client-ready proposal report
All supported by our industry leading Customer Support team who is always available to help when you need it.