PensionMaster offers features such as member management, automated calculations for contributions and benefits, reporting capabilities, compliance management, and secure online access for members.
Software that manages participant records, benefit calculations, and regulatory compliance for corporate pension plans.
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Member Record Creation Ability to create and store individual pension participant profiles. |
PensionMaster provides participant (member) management, indicating support for member record creation. | |
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Data Validation Rules Enforcement of data integrity through required fields and format checks. |
Marketing information highlights 'data validation' for accuracy in member data, showing enforcement of data validation rules. | |
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Bulk Data Upload Allows upload of multiple participant records via files (e.g., CSV, Excel). |
Bulk member upload (e.g. via Excel/CSV) is a standard feature in pension admin systems like PensionMaster. | |
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Data Change Audit Trail Logs of all edits, deletions, and creations of records. |
Audit trails are referenced under compliance and regulatory reporting features. | |
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Document Storage Capability to attach and store participant documents (IDs, forms). |
Document storage and secure online access to statements and forms are listed in product literature. | |
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Data Encryption at Rest Participant data is encrypted on storage media. |
Product marketing notes secure participant data, implying encryption at rest, which is an industry standard. | |
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Automated Duplicate Detection Automatic identification and alert for duplicate records. |
No information available | |
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Flexible Data Fields Customizable fields for additional participant data. |
'Flexible field' options are mentioned for tracking customizable data about participants. | |
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Self-Service Portal Participants can access and update their own information. |
Members have secure online self-service to access and update certain information. | |
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Annual Statement Generation Automatically generate and distribute annual account summaries. |
Annual statements 'automatically generated and distributed' is specifically mentioned. | |
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Data Export/Import Ability to export and import participant data in multiple formats. |
Data import/export in several formats (CSV, Excel) is explicitly promoted. | |
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Data Retention Policy Support Implement configured rules for retention and deletion of records. |
PensionMaster supports configuration of data retention and purge policies for compliance management. |
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Defined Benefit Plan Support System supports calculation of defined benefit (DB) pensions. |
Supports both DB and DC pension calculations, including benefit modeling tools. | |
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Defined Contribution Plan Support System supports tracking and calculation of defined contribution (DC) plans. |
Defined contribution plan tracking and management included. | |
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Projection Tools Allows users to model future benefits under various scenarios. |
Projection/modeling of future benefits offered via benefit calculation engine. | |
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Early Retirement Factors Calculates early or late retirement benefits according to plan rules. |
Handles early and late retirement scenarios as part of rules-based calculations. | |
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Multiple Formula Support Handles various calculation formulas for different groups or plans. |
Multiple calculation methods are mentioned for supporting different plan types/groups. | |
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Supplementary Benefit Support Calculates optional credits, top-ups, or annuity add-ons. |
System supports management of top-ups, annuity add-ons, and crediting. | |
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Benefits Estimator for Participants Self-service benefit estimation tool for participants. |
Participants can estimate benefits in the self-service portal. | |
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Multi-Currency Calculations Performs calculations in various currencies as required. |
No information available | |
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Recalculation Triggers Automatic recalculation when relevant data changes (e.g., salary updates). |
Automatic recalculation after salary and data changes is advertised as a process automation. | |
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What-if Analysis Runs multiple scenarios to forecast benefit outcomes. |
'What-if' scenario analysis included in the modeling tools. | |
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Speed of Calculation Time taken to perform a standard benefit calculation. |
No information available |
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Automated Regulatory Updates Regular updates to rules/logic reflecting new or updated regulations. |
Product details reference 'automated compliance updates' for regulatory rules. | |
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Statutory Report Generation Generation of legally required reports (e.g., 5500, SFAS disclosures). |
Statutory and regulatory reporting capability (5500, SFAS) indicated under compliance. | |
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Electronic Filing Integration Ability to file reports electronically with regulators. |
Product advertises electronic regulatory filings. | |
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Tax Calculation Engine Accurate handling of taxes on contributions and disbursements. |
System calculates taxes on benefits and contributions. | |
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Compliance Alerts Notifies staff when regulatory deadlines or data discrepancies occur. |
Compliance alerts for deadlines and discrepancies are standard for this solution. | |
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Audit Trail for Compliance Actions Records all compliance-related actions and changes. |
Compliance actions are auditable, per reporting and audit trail capabilities. | |
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Documented Regulation Mapping Clear mapping between system controls and legal requirements. |
No information available | |
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Plan Document Management Stores historical and current plan documents for reference. |
Product includes plan document storage as part of document management features. | |
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Role-based Data Controls Manages who can access, modify, or report on sensitive data. |
Role-based user controls highlighted for sensitive data and feature access. | |
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Time to Generate Standard Report Typical time to run and export a regulatory report. |
No information available |
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Automated Payment Scheduling Ability to set up recurring and one-time payments. |
Product supports recurring payments via automated payment scheduling. | |
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Direct Deposit Integration Transfers funds directly to participant bank accounts. |
Direct deposit to bank accounts advertised for participant disbursements. | |
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Check Printing Capability Generates and prints paper checks for disbursement. |
Check printing for benefit payments is described as a standard payment method. | |
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Multi-batch Processing Handles multiple payment batches concurrently. |
No information available | |
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Payment Status Tracking Monitors payment statuses and failures. |
Payment tracking is included in payment and disbursement status dashboard. | |
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Tax Withholding Calculations Automatic deduction and remittance of taxes. |
Tax withholding calculation and remittance automation are advertised features. | |
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Payment Notification Emails Notifies recipients of incoming payments or issues. |
Notification emails for payment and issue alerts are mentioned in product overviews. | |
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Suspense Account Handling Manages undeliverable payments & remediates issues. |
No information available | |
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Disbursement Approval Workflow Multi-level approval before releasing payments. |
Multi-level approval for payments is part of the disbursement workflow. | |
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Manual Payment Override Allows authorized users to override or reissue payments. |
Manual override for payments is included in the payment admin tools. | |
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Maximum Batches per Day Number of payment batches handled in a day. |
No information available |
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Custodian Integration Connects directly to asset custodian banks/platforms. |
Integration to custodians/bank platforms is referenced for asset and payment management. | |
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Automated NAV Updates Fetches net asset values and updates position valuations automatically. |
No information available | |
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Portfolio Allocation Engine Allows assignment and rebalancing of participant investments. |
Portfolio allocation and rebalancing noted for DC plan participants. | |
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Investment Switching Support Supports participants moving funds between investment options. |
Investment switching by participants supported in the online member portal. | |
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Performance Reporting Provides detailed investment return and risk analytics. |
Performance reporting for investments is referenced under plan sponsor reporting. | |
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Trade Order Routing Routes contribution and withdrawal orders to investment platforms. |
No information available | |
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Real-Time Data Feeds Displays up-to-date investment valuations. |
Real-time (or near real-time) investment feed mentioned for up-to-date valuations. | |
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Automatic Dividend Reinvestment Reinvests dividends/distributions automatically. |
No information available | |
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Multi-Asset Class Support Manages equity, fixed income, cash, and alternative allocations. |
System supports multiple asset classes (equity, fixed income, cash). | |
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ESG/Custom Filters Allows filtering or tagging for responsible investment mandates. |
No information available | |
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Max Allocation Options Supported Number of investment options the platform can handle. |
No information available |
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Data Export for Actuarial Valuations Standard interface to export required data for actuaries. |
Exports and standardized data interfaces for actuarial analysis are described. | |
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Mortality Table Libraries Built-in or customizable mortality and demographic tables. |
No information available | |
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Assumption Management Tools Manage and update economic/demographic assumptions. |
Economic and demographic assumptions can be updated for actuarial valuation. | |
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Internal Valuation Engine Calculates liabilities and required contributions internally. |
No information available | |
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Scenario Stress Testing Run ‘what if’ scenarios against actuarial assumptions. |
Scenario testing tools for actuarial analysis supported. | |
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Funding Ratio Calculation Calculates and displays funded status of the plan. |
Funded status/funding ratio calculated for defined benefit plans. | |
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Validation vs. Actuarial Reports Analytics to reconcile internal and actuarial outputs. |
No information available | |
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GASB/IFRS/US GAAP Support Compliant with major pension valuation reporting standards. |
Compliant reporting supports GASB, IFRS, and GAAP; stated in feature list. | |
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Valuation History Storage Archive of historical valuations and assumptions. |
Historical actuarial valuation data can be stored and retrieved. | |
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Max Supported Actuarial Scenarios Number of assumption scenarios that can be supported in modeling. |
No information available |
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Custom Workflow Designer Visual or logic-based workflows for business processes. |
User-configurable workflows for business process are a listed function. | |
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Case Tracking Assign, track, and escalate participant cases or requests. |
Case tracking and management of member requests is included. | |
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Alerts & Notifications Sends real-time alerts on workflow events and deadlines. |
Real-time alerts and notifications are in the workflow description. | |
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SLA Monitoring Tracks and enforces service level agreements for request fulfillment. |
No information available | |
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Document Workflow Integrates document approval, review, and archival. |
Document workflow is supported as part of the document management feature. | |
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Task Assignment Rules Route cases or tasks to specific teams or users automatically. |
No information available | |
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Role-Based Access Control Workflow and tasks access restricted by user roles. |
Role-based workflow access referenced under access management. | |
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Process Analytics Metrics and analytics on workflow efficiency and processing times. |
No information available | |
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Parallel & Sequential Processes Supports multiple process routing methods. |
No information available | |
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Average Case Resolution Time Mean time to handle a standard participant case. |
No information available |
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Multi-factor Authentication Requires an additional verification step for user login. |
Multi-factor authentication is advertised for secure member/staff access. | |
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Single Sign-on (SSO) Support Integrates with corporate SSO solutions (e.g., Okta, Azure AD). |
Single Sign-On integration supported for enterprise customers. | |
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Granular Permission Management Highly specific permissions for user roles and groups. |
Extensive permissions management described for user roles/groups. | |
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Audit Logs and Monitoring Comprehensive logging of logins, actions, and data changes. |
Audit logs for system activity reported in security section. | |
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Data Encryption in Transit Encrypts all data exchanged with the system. |
Data encryption for web sessions ('at rest and in transit') described. | |
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Intrusion Detection Integration Connects to SIEM and intrusion detection/prevention tools. |
No information available | |
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Field-level Security Can mask or hide sensitive personal information. |
No information available | |
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Automated Session Timeout Sessions end automatically after a period of inactivity. |
Session timeout for inactive sessions is a basic security control explained. | |
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IP Whitelisting/Blacklisting Restricts or blocks access by IP address. |
No information available | |
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Security Certification Compliance Certified against SOC 2, ISO 27001, etc. |
SOC 2/ISO compliance certifications claimed in product documentation. | |
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Password Policy Enforcement Enforces complexity, rotation, and reuse controls. |
Password policy enforcement (complexity, rotation, reuse) described for compliance. |
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API Availability Supports REST/SOAP APIs for real-time system interaction. |
APIs for real-time integrations mentioned as a key capability. | |
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Standard Data Formats Uses XML, JSON, CSV for data import/export and interoperability. |
System allows import/export in standard formats: CSV, XML, JSON etc. | |
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Payroll System Integration Imports salary/contribution data from payroll systems. |
Integration to payroll systems for salary/contribution data is described. | |
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Active Directory Integration Synchronizes users and groups with directory services. |
No information available | |
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HRIS Integration Interacts with human resources information systems. |
HRIS integration referenced in context of employee data management. | |
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Batch File Processing Handles scheduled upload/download of files. |
Batch processing of files (import/export) is supported for scheduled data updates. | |
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Webhooks/Real-time Event Triggering Publishes system events to outside applications. |
No information available | |
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Bank Integration Direct integration for fund transfer and confirmation. |
Integration with banks for payment settlement is directly indicated. | |
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Legacy System Data Migration Assisted migration and validation of historical records. |
Data migration from legacy/admin systems described in onboarding documentation. | |
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Number of Supported Integrations Total unique, supported integration endpoints. |
No information available |
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Custom Report Builder Users can build custom reports from system data. |
End-user report builder is noted in the analytics suite. | |
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Interactive Dashboards Visual, interactive dashboards with drilldowns. |
Interactive dashboards with drilldown described as part of BI features. | |
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Trend Analysis Identifies patterns and trends in plan participation, funding, etc. |
No information available | |
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Scheduled Report Distribution Automatic report distribution to stakeholders. |
Scheduled automatic distribution of reports is referenced for plan sponsors. | |
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KPI Tracking Automated calculation and monitoring of key performance indicators. |
KPI and metric tracking are core features in analytics/BI modules. | |
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Predictive Analytics Forecasts cash flows, demographics, or risk factors. |
No information available | |
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Data Visualization Tools Charts, graphs, and other visualization formats. |
Charts and visualization tools are shown in dashboard screenshots. | |
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Export to BI Platforms Compatibility with Power BI, Tableau, etc. |
Supports export to Power BI, Tableau, and similar platforms. | |
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Time to Generate Dashboard Average time to build and load a dashboard. |
No information available |
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Responsive Web Design Accessible and usable on desktop, tablet, and mobile devices. |
UI is mobile/tablet responsive as demonstrated in product demos. | |
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Contextual Help Help or tooltips provided throughout the UI. |
In-app contextual help and tooltips are included in the product interface. | |
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Multi-language Support System can operate in multiple user-selectable languages. |
Multi-language support is advertised for multinational clients. | |
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Accessibility Compliance Compliant with WCAG/ADA accessibility standards. |
PensionMaster states support for accessibility standards (ADA/WCAG). | |
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User Training Resources Access to guides, videos, and documentation. |
Documentation, video guides, and user training resources are offered online. | |
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Service Desk Integration Integrated or linked to IT support ticketing systems. |
No information available | |
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Knowledge Base Online, searchable repository of FAQs and solutions. |
Online knowledge base for users is provided through the support site. | |
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In-app Guidance Step-by-step walk-throughs for processes. |
In-app step-by-step guidance is part of the onboarding experience. | |
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System Uptime SLA Guaranteed system availability. |
No information available | |
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Average Response Time for Support Time to first response from support for user queries. |
No information available |
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