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ASC Pension System from Actuarial Software Corporation

The ASC Pension System is a comprehensive actuarial software solution for defined benefit pension plan design and administration. It includes modules for actuarial valuations, government filings, benefit calculations, and plan design analysis with scenario modeling capabilities.

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Product analysis by function

Pension Plan Design Tools for Actuarial Services

Software that assists in creating and evaluating different pension plan designs, contribution structures, and benefit formulas to align with organizational objectives and regulatory requirements.
More Pension Plan Design Tools More Actuarial Services ...

Plan Design Flexibility
(10 Yes /10 Known /11 Possible features)

Regulatory Compliance & Governance
(5 Yes /5 Known /10 Possible features)

Actuarial Modeling & Valuation Tools
(8 Yes /8 Known /10 Possible features)

Contribution Modeling & Funding Strategy
(8 Yes /8 Known /10 Possible features)

Participant Analytics & Coverage
(1 Yes /1 Known /10 Possible features)

Economic & Investment Scenario Analysis
(0 Yes /0 Known /10 Possible features)

User Experience & Interface
(0 Yes /0 Known /10 Possible features)

Data Integration & Import/Export
(0 Yes /0 Known /10 Possible features)

Security & Data Privacy
(0 Yes /0 Known /10 Possible features)

Collaboration & Workflow Management
(0 Yes /0 Known /10 Possible features)

Reporting, Audit & Documentation
(0 Yes /0 Known /10 Possible features)

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Multiple Plan Types Supported Ability to model and analyze different types of pension plans (e.g., defined benefit, defined contribution, hybrid).		Product documentation describes support for defined benefit, defined contribution, and hybrid plan types.
Customizable Plan Formulas Supports tailored benefit and contribution formulas including service, salary, and age-based calculations.		Benefit calculation and plan design modules allow customizable formulas for service, salary, and age.
Scenario Modeling Allows users to create and compare multiple plan scenarios for sensitivity and impact analysis.		Scenario modeling capabilities are highlighted as a core feature in documentation and on website.
Vesting Schedule Configurability Ability to specify and modify different vesting schedules for various plan designs.		Vesting schedule configuration included in plan design options.
Eligibility Rule Definition Define complex eligibility rules for plan entry and benefit accrual.		Eligibility rule definition options described in plan administration modules.
Automatic Plan Design Suggestions Tool provides optimized plan design suggestions based on set objectives.		No information available
Benefit Accrual Pattern Modeling Ability to define and visualize benefit accrual patterns, including final average, career average, or flat benefit.		Benefit accrual pattern modeling is supported for final average, career average, and flat benefit analysis.
Multiple Contribution Structures Supports a variety of employer and employee contribution structures and ratios.		Supports various contribution structures as per product materials.
Plan Comparison Tools Features that facilitate side-by-side comparison of plan designs and outcomes.		Product claims plan comparison tools as part of scenario analysis and plan design modules.
Demographic Segmentation Ability to design plans with different benefit rules for various employee groups or cohorts.		Demographic segmentation (employee cohorts/groups) supported for plan designs.
Exportable Plan Configurations Allows users to export and document plan designs for board approvals or regulatory review.		Export capabilities for plan designs for board/regulatory review included.

Automated Compliance Checks Real-time validation of plan design against current regulatory requirements (e.g., IRS, ERISA, local laws).		Compliance checks part of actuarial valuation and plan administration modules for IRS/ERISA validation.
Audit Trail Tracks all plan design changes and decisions for governance and audit purposes.		The system includes audit trail for plan design and system changes.
Regulation Update Alerts System alerts users to relevant regulatory changes impacting plan design.		Regulatory and legislative update alerts are provided as a notification feature.
Automated Report Generation Generates statutory and compliance documentation for regulators or stakeholders.		Automated compliance and valuation reporting available for stakeholders/regulators.
Integrated Legal References Quick access to relevant legal and regulatory text within the platform.		No information available
Cross-Border Compliance Support Handles regulations for plans covering multiple jurisdictions.		No information available
Tax Impact Simulation Estimates the tax implications of proposed plan designs for both sponsor and participants.		No information available
Compliance Policy Templates Pre-built templates for common policy documents to ensure governance alignment.		No information available
Restricted Action Controls Configurable permissions to limit regulatory-sensitive actions to authorized users.		Role-based controls for regulatory actions are a standard feature in the administration section.
Custom Compliance Rules Allows definition of custom rules to enforce internal governance requirements.		No information available

Actuarial Assumption Libraries Repository of standard and customizable actuarial assumptions (e.g., mortality, salary scale, retirement age).		Standard actuarial assumption libraries (mortality, salary, etc.) are available and customizable.
Experience Study Integration Ability to import and apply organization-specific experience studies to assumptions.		The software references experience studies import and integration in its technical documentation.
Liability Projection Engine Projects plan liabilities under multiple scenarios and time horizons.		Liability projection modeling under different scenarios/time horizons supported in actuarial valuation modules.
Funding Valuation Automation Automated funding valuation calculations under various regulatory or accounting standards.		Funding valuation automation included for various regulatory standards.
Benefit Cash Flow Projections Projects payout patterns for current and future retirees by year.		Benefit and cash flow projections available for retirees.
Multi-Scenario Stress Testing Performs stress tests using adverse economic and demographic scenarios.		Multi-scenario stress testing is supported as part of scenario modeling tools.
Integration with Actuarial Software Seamless data exchange with common actuarial modeling platforms.		No information available
Automated Valuation Frequency Number of fully automated valuations that can be executed per year.		No information available
Summary and Detail Reports Generates concise and comprehensive actuarial valuation reports.		Standard and detailed reports included in reporting module.
Assumption Change Impact Analysis Analyzes sensitivity of liabilities and costs to changes in key assumptions.		The system includes tools for assumption change impact analysis as a sensitivity testing feature.

Contribution Forecasting Projects future employer and employee contributions under different plan assumptions.		Contribution forecasting tools are part of funding and valuation modules.
Dynamic Contribution Adjustment Models Ability to model automatic adjustment mechanisms (e.g., risk-sharing, solvency triggers).		Dynamic models for automatic adjustment of contributions are described in product overview.
Funding Shortfall Alerts Notifies users when projected contributions are insufficient for target funding levels.		Funding shortfall alerts included in contribution monitoring dashboard.
Contribution History Tracking Maintains a historical record of all planned and actual contributions.		Contribution history tracking available for audit and reconciliation.
Interactive Contribution Dashboards Visualizes projected and historical contributions, funding needs, and variances.		Interactive dashboards display funding need and contribution history.
Matching Contribution Simulation Simulates the impact of different employer matching contribution formulas.		Employer matching contribution simulations are supported.
Real-time Contribution Status Displays current contribution status versus original strategy.		Contribution dashboards update in real time per user manual.
Minimum and Maximum Contribution Caps Allows definition of legal or policy-based caps for contribution amounts.		No information available
Automated Funding Policy Recommendations Provides AI-driven funding strategy suggestions based on plan goals and constraints.		No information available
Interactive Funding Level Projections Projects funding levels over time under different contribution strategies.		Funding projections available as interactive graph outputs.

Demographic Analytics Provides analysis of participant population by age, service, salary, gender, etc.		Demographic analytics options for plan population are available.
Participation Rate Reporting Reports on the proportion of eligible employees participating in the plan.		No information available
Benefit Adequacy Analysis Assesses sufficiency of projected retirement income for participant groups.		No information available
Employee Group Segmentation Supports analytics and plan customization by employee class, division, or region.		No information available
Coverage Gaps Identification Highlights groups with insufficient benefit coverage or limited participation.		No information available
Customizable Participant Reporting Allows creation of detailed participant reports for management and auditors.		No information available
Participant Communication Tracking Tracks communications sent to participants regarding plan design and changes.		No information available
Historical Participant Data Import Supports migration and analysis of historical participant data.		No information available
Real-Time Dashboard Refresh Rate Frequency at which participant dashboards update automatically.		No information available
Predictive Retirement Readiness Score Calculates and displays a readiness score based on projected retirement outcomes.		No information available

Pre-Built Economic Scenarios Includes predefined economic and capital market scenarios for stress and what-if modeling.		No information available
Custom Scenario Definition Users can define their own macroeconomic and return assumptions.		No information available
Return Sensitivity Testing Analyzes plan outcomes based on varying investment return scenarios.		No information available
Multi-Path Monte Carlo Simulation Provides stochastic analysis of plan funding and solvency under thousands of simulated scenarios.		No information available
Interest Rate Sensitivity Analysis Quantifies the impact of interest rate changes on plan liabilities and asset values.		No information available
Probabilistic Funding Level Visualization Displays projected funding levels with probability bands.		No information available
Scenario Report Export Allows export of detailed scenario results for external review and discussion.		No information available
Historic Economic Data Integration Integrates and references actual past economic performance data.		No information available
Simulation Run Time Average time required to process one full scenario simulation.		No information available
Scenario Comparison Tools Allows users to compare results across multiple economic and investment scenarios.		No information available

Customizable Dashboards Configurable visual dashboards for key plan metrics and analytics.		No information available
Role-Based Access Control Restricts access and controls feature availability by user role.		No information available
Multilingual Support System interfaces and reports are available in multiple languages.		No information available
Guided Workflows Step-by-step wizards that assist users in plan design and analysis.		No information available
Accessibility Compliance Adheres to accessibility standards such as WCAG for users with disabilities.		No information available
Responsive Web Design Interfaces adapt to different device types and screen sizes.		No information available
Custom Report Templates Allows users to create and save their own report layouts and templates.		No information available
Batch Processing Capability Handles simultaneous processing of multiple plan designs or participant scenarios.		No information available
Average User Operation Response Time Typical time system takes to respond to user actions.		No information available
Drag-and-Drop Plan Design Interface Visual, drag-and-drop tools for constructing and modifying plan rules.		No information available

Payroll System Integration Seamless data exchange with payroll and HRIS systems.		No information available
Standard Data Import Formats Supports industry-standard participant and plan data file formats (e.g. CSV, XML, JSON).		No information available
Automated Scheduled Data Imports Allows for regular, automatic data synchronization from source systems.		No information available
Error Handling and Validation Automated detection and reporting of data errors during import.		No information available
API Access Provides external APIs for integration with custom applications or portals.		No information available
Bulk Data Export Exports large datasets for backup, migration, or reporting needs.		No information available
Change Data Capture Tracks and reports on all data updates from imports or external sources.		No information available
Historical Data Retention Period Length of time system retains historical data for reporting or audit.		No information available
Export to Regulatory Authorities Generates data exports compliant with regulator requirements.		No information available
Custom Mapping Tools Enables flexible mapping between incoming/external data fields and system database fields.		No information available

Data Encryption in Transit & at Rest All sensitive data is encrypted both when stored and during transmission.		No information available
Multi-Factor Authentication Requires multiple forms of authentication to access the system.		No information available
User Access Log Monitoring Maintains logs of all user access and critical system operations.		No information available
Role-Based Data Visibility Controls which data each user role can view or modify.		No information available
GDPR/CCPA Compliance Supports international data privacy regulations.		No information available
Data Masking Sensitive participant data can be masked or anonymized in reports and exports.		No information available
Automated System Security Updates System can automatically deploy critical patches and security updates.		No information available
Intrusion Detection Systems Monitors and alerts on potential unauthorized system access.		No information available
Automated Data Backup Frequency Interval at which complete system backups are automatically performed.		No information available
Disaster Recovery Plan System includes and tests a comprehensive recovery plan for data breaches or system failures.		No information available

Multi-User Collaboration Supports multiple users working on plan designs or analyses simultaneously.		No information available
Task Assignment Enables assignment and tracking of specific tasks or steps to users.		No information available
Workflow Automation Automates repetitive tasks and processes, such as approval chains or notifications.		No information available
Integrated Messaging Built-in messaging or discussion boards for project teams.		No information available
Version Control Automated tracking of changes and versions in plan design documents or models.		No information available
Approval Workflow Configuration Customizable routing of documents, reports, or designs for review and approval.		No information available
Change Request Tracking Logs and manages requests for plan design or model updates.		No information available
Collaboration Analytics Reports on team activity, workflow bottlenecks, and turnaround times.		No information available
Concurrent User Capacity Maximum number of users who can collaborate in real time.		No information available
Role-Based Workflow Permissions Customizes workflow actions and approvals by user roles.		No information available

Custom Report Builder Allows users to create, customize, and schedule a variety of reports.		No information available
Automated Board Presentation Templates Pre-loaded presentation formats for board or executive review.		No information available
Full Audit Trail Tracks all actions, changes, and user activities within the system.		No information available
Document Archiving Secure storage and long-term retrieval of historic plan designs and valuations.		No information available
Regulatory Filing Support Creates formatted reports for regulatory filing requirements.		No information available
Digital Signatures Enables digital approval and sign-off of reports and documents.		No information available
Report Distribution Automation Automatically distributes generated reports to stakeholders and authorities.		No information available
Automated Redaction Tools Removes confidential or sensitive data from reports before distribution.		No information available
Storage Capacity for Reports Total storage available for retaining reports and documentation.		No information available
On-Demand Report Generation Speed Average time needed for the system to generate a standard report.		No information available

ASC Pension System from Actuarial Software Corporation

Product analysis by function

Pension Plan Design Tools for Actuarial Services

Plan Design Flexibility (10 Yes /10 Known /11 Possible features)

Regulatory Compliance & Governance (5 Yes /5 Known /10 Possible features)

Actuarial Modeling & Valuation Tools (8 Yes /8 Known /10 Possible features)

Contribution Modeling & Funding Strategy (8 Yes /8 Known /10 Possible features)

Participant Analytics & Coverage (1 Yes /1 Known /10 Possible features)

Economic & Investment Scenario Analysis (0 Yes /0 Known /10 Possible features)

User Experience & Interface (0 Yes /0 Known /10 Possible features)

Data Integration & Import/Export (0 Yes /0 Known /10 Possible features)

Security & Data Privacy (0 Yes /0 Known /10 Possible features)

Collaboration & Workflow Management (0 Yes /0 Known /10 Possible features)

Reporting, Audit & Documentation (0 Yes /0 Known /10 Possible features)