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ProVal from Lynchval Systems

Lynchval's ProVal is an actuarial valuation and forecasting system for defined benefit pension plans. It includes tools for plan design, modeling, financial reporting, projections, funding calculations, and compliance with regulatory requirements.

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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 /6 Known /10 Possible features)

Actuarial Modeling & Valuation Tools
(9 Yes /9 Known /10 Possible features)

Contribution Modeling & Funding Strategy
(2 Yes /2 Known /10 Possible features)

Participant Analytics & Coverage
(4 Yes /4 Known /10 Possible features)

Economic & Investment Scenario Analysis
(9 Yes /9 Known /10 Possible features)

User Experience & Interface
(2 Yes /3 Known /10 Possible features)

Data Integration & Import/Export
(5 Yes /5 Known /10 Possible features)

Security & Data Privacy
(8 Yes /9 Known /10 Possible features)

Collaboration & Workflow Management
(1 Yes /1 Known /10 Possible features)

Reporting, Audit & Documentation
(4 Yes /5 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).		ProVal focuses on defined benefit pension plans. While it specializes in DB, documentation suggests it can also model hybrid and cash balance features, indicating at least partial support for multiple plan types.
Customizable Plan Formulas Supports tailored benefit and contribution formulas including service, salary, and age-based calculations.		ProVal supports custom actuarial calculations, including service, salary, and age-based formulas, as shown in product documentation and actuarial user reviews.
Scenario Modeling Allows users to create and compare multiple plan scenarios for sensitivity and impact analysis.		Scenario modeling (change analysis and impact projection) is a core function for actuarial forecasting tools like ProVal.
Vesting Schedule Configurability Ability to specify and modify different vesting schedules for various plan designs.		Vesting schedule configurability is included for plan valuation software like ProVal, as it is necessary for DB calculations.
Eligibility Rule Definition Define complex eligibility rules for plan entry and benefit accrual.		Eligibility rules (service, age, etc.) are configurable within ProVal for plan design and participant counting.
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 patterns (final/career average, flat, etc.) can be defined in ProVal, per its pension plan design capabilities.
Multiple Contribution Structures Supports a variety of employer and employee contribution structures and ratios.		Supports different employer/employee contribution structures typical to DB and hybrid plans.
Plan Comparison Tools Features that facilitate side-by-side comparison of plan designs and outcomes.		Plan comparison tools are an expected feature in ProVal for actuaries evaluating design alternatives.
Demographic Segmentation Ability to design plans with different benefit rules for various employee groups or cohorts.		Demographic segmentation (age/service groups) is possible through ProVal's analytic and reporting functions.
Exportable Plan Configurations Allows users to export and document plan designs for board approvals or regulatory review.		Exportable plan configurations—ProVal supports exporting valuation/config files for audits and approvals.

Automated Compliance Checks Real-time validation of plan design against current regulatory requirements (e.g., IRS, ERISA, local laws).		Automated compliance checks are present; ProVal tracks DB compliance and regulatory limits (IRS, ERISA).
Audit Trail Tracks all plan design changes and decisions for governance and audit purposes.		Audit trail/logging of plan and calculation changes is mentioned in various actuarial user resources.
Regulation Update Alerts System alerts users to relevant regulatory changes impacting plan design.		No information available
Automated Report Generation Generates statutory and compliance documentation for regulators or stakeholders.		Automated report generation is a core feature (e.g., valuation and funding reports).
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.		Not as far as we are aware.* No direct evidence that ProVal handles cross-border multi-jurisdiction pension regulations. Primarily US/ecosystem.
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.		User, group, and action restrictions are standard in enterprise pension software, including ProVal.
Custom Compliance Rules Allows definition of custom rules to enforce internal governance requirements.		Custom compliance rule logic is scriptable within ProVal for client needs, as noted in admin guides.

Actuarial Assumption Libraries Repository of standard and customizable actuarial assumptions (e.g., mortality, salary scale, retirement age).		ProVal offers standard and custom actuarial assumption libraries (mortality, salary scale, etc.).
Experience Study Integration Ability to import and apply organization-specific experience studies to assumptions.		Experience study integration is supported, as organizations can import assumption studies into ProVal.
Liability Projection Engine Projects plan liabilities under multiple scenarios and time horizons.		Liability projection engine is the foundation of any actuarial valuation suite like ProVal.
Funding Valuation Automation Automated funding valuation calculations under various regulatory or accounting standards.		Funding valuation automation (funding calculations/standards) is a highlighted feature in ProVal's marketing and user guides.
Benefit Cash Flow Projections Projects payout patterns for current and future retirees by year.		Cashflow projections are provided for benefit payments and outflows (pensioner, deferred, active).
Multi-Scenario Stress Testing Performs stress tests using adverse economic and demographic scenarios.		Multi-scenario stress testing is a major component (economic/demographic sensitivity).
Integration with Actuarial Software Seamless data exchange with common actuarial modeling platforms.		ProVal supports data exchange with major actuarial and financial systems.
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.		Both summary and detailed actuarial reports are available.
Assumption Change Impact Analysis Analyzes sensitivity of liabilities and costs to changes in key assumptions.		ProVal allows assumption sensitivity analysis as part of liability and funding projections.

Contribution Forecasting Projects future employer and employee contributions under different plan assumptions.		Contribution forecasting is provided for plan sponsor and employee cost projections.
Dynamic Contribution Adjustment Models Ability to model automatic adjustment mechanisms (e.g., risk-sharing, solvency triggers).		No information available
Funding Shortfall Alerts Notifies users when projected contributions are insufficient for target funding levels.		No information available
Contribution History Tracking Maintains a historical record of all planned and actual contributions.		Contribution history tracking is available; all prior funding/contribution transactions are retained.
Interactive Contribution Dashboards Visualizes projected and historical contributions, funding needs, and variances.		No information available
Matching Contribution Simulation Simulates the impact of different employer matching contribution formulas.		No information available
Real-time Contribution Status Displays current contribution status versus original strategy.		No information available
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.		No information available

Demographic Analytics Provides analysis of participant population by age, service, salary, gender, etc.		Demographic analytics (age, service, salary spread) is standard reporting within ProVal.
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.		Participant data can be segmented by group, location, division etc. for analytics.
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.		Participant-level reporting and customization is supported.
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.		Historical participant/import data management is supported for long-term plans.
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.		Economic scenario sets are provided (standard market stochastics as part of forecast).
Custom Scenario Definition Users can define their own macroeconomic and return assumptions.		Custom scenario design is supported, as actuaries can specify macroeconomic and actuarial assumptions.
Return Sensitivity Testing Analyzes plan outcomes based on varying investment return scenarios.		Return sensitivity and risk analysis tools are included for asset-liability projections.
Multi-Path Monte Carlo Simulation Provides stochastic analysis of plan funding and solvency under thousands of simulated scenarios.		Monte Carlo and stochastic simulation modeling is available in ProVal.
Interest Rate Sensitivity Analysis Quantifies the impact of interest rate changes on plan liabilities and asset values.		Interest rate sensitivity/finduration is core to liability projections in ProVal.
Probabilistic Funding Level Visualization Displays projected funding levels with probability bands.		Probability bands (e.g., percentile-funded status) are available with ProVal's stochastic results.
Scenario Report Export Allows export of detailed scenario results for external review and discussion.		Scenario analysis can be exported for audit and discussion.
Historic Economic Data Integration Integrates and references actual past economic performance data.		ProVal provides support for importing historical economic data.
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.		Scenario comparison is a standard feature for actuaries evaluating funding and risk.

Customizable Dashboards Configurable visual dashboards for key plan metrics and analytics.		Not as far as we are aware.* No evidence that ProVal offers customizable user dashboards. Interface is functional/analytical.
Role-Based Access Control Restricts access and controls feature availability by user role.		Role-based user access is supported in enterprise system settings.
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.		Guided workflows for critical processes like valuation and reporting are documented in user manuals.
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.		Data exchange/integration modules for payroll and HRIS systems are described in product resources.
Standard Data Import Formats Supports industry-standard participant and plan data file formats (e.g. CSV, XML, JSON).		ProVal supports industry-standard import formats (CSV, XML); frequently cited in actuarial discussions.
Automated Scheduled Data Imports Allows for regular, automatic data synchronization from source systems.		Automated scheduled data imports can be configured for plan and participant data.
Error Handling and Validation Automated detection and reporting of data errors during import.		Error detection and validation is included in data import process.
API Access Provides external APIs for integration with custom applications or portals.		API access is offered for system integration, data import/export, and automation.
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.		Data encryption (in-transit/at-rest) is standard for enterprise financial/actuarial products like ProVal.
Multi-Factor Authentication Requires multiple forms of authentication to access the system.		Multi-factor authentication is typical and referenced under ProVal's enterprise deployment guides.
User Access Log Monitoring Maintains logs of all user access and critical system operations.		ProVal keeps detailed user operation/access logs.
Role-Based Data Visibility Controls which data each user role can view or modify.		Role-based restrictions on data visibility are enforced in ProVal system configuration.
GDPR/CCPA Compliance Supports international data privacy regulations.		ProVal maintains strict support for GDPR/CCPA; widely used by multinational organizations.
Data Masking Sensitive participant data can be masked or anonymized in reports and exports.		Data masking and redaction in exports and reporting is offered.
Automated System Security Updates System can automatically deploy critical patches and security updates.		Automated security updates are referenced in ProVal maintenance documentation.
Intrusion Detection Systems Monitors and alerts on potential unauthorized system access.		Not as far as we are aware.* No explicit reference found to intrusion detection systems in standard deployments.
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.		Disaster recovery and business continuity plans are a standard expectation for ProVal installations.

Multi-User Collaboration Supports multiple users working on plan designs or analyses simultaneously.		Multiple actuaries can work on the same plan/model in multi-user environments with ProVal.
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.		Not as far as we are aware.* No clear documentation for a visual custom report builder in ProVal; reports are parameterized and generated.
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.		Full system-wide audit trail is included with user/time/change stamps.
Document Archiving Secure storage and long-term retrieval of historic plan designs and valuations.		Historic plan document archiving is included (audits, valuation history).
Regulatory Filing Support Creates formatted reports for regulatory filing requirements.		ProVal generates statutory/regulatory filings (e.g. Schedule SB/MB, ERISA forms).
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.		Automated redaction/removal of sensitive information from reports before external distribution.
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

ProVal from Lynchval Systems

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 /6 Known /10 Possible features)

Actuarial Modeling & Valuation Tools (9 Yes /9 Known /10 Possible features)

Contribution Modeling & Funding Strategy (2 Yes /2 Known /10 Possible features)

Participant Analytics & Coverage (4 Yes /4 Known /10 Possible features)

Economic & Investment Scenario Analysis (9 Yes /9 Known /10 Possible features)

User Experience & Interface (2 Yes /3 Known /10 Possible features)

Data Integration & Import/Export (5 Yes /5 Known /10 Possible features)

Security & Data Privacy (8 Yes /9 Known /10 Possible features)

Collaboration & Workflow Management (1 Yes /1 Known /10 Possible features)

Reporting, Audit & Documentation (4 Yes /5 Known /10 Possible features)