Defined Benefit Module

The Relius Administration Defined Benefit module is used to process an actuarial valuation, related calculations and produce a variety of reports. This is a multi-decrement module that can handle regular defined benefit, cash balance, floor offset and fully insured plans. All data and results are stored in a relational database for ease of checking and reporting.

  • Multiple benefit / allocation formulas
    • Assignable by plan, division or class of participant
    • Freeze at valuation date, end of year or already frozen
    • Defined benefit can utilize different compensation definition for each formula, complex sums and comparison of formulas
    • Individual participant overrides (Addition to, subtraction from , minimum, maximum and absolute)
    • Automatic implementation of compensation and 415 limits
  • Ancillary benefits
    • Death (insured or not), vesting, early retirement, subsidized early retirement, disability and REACT death benefits
  • System modifiable tables
    • Mortality, turnover (select and ultimate), disability, early retirement benefit reduction factors, early retirement probabilities, salary scales, settlement options, classes of participant, yield curves
  • Automated link to Relius Government Forms
    • PBGC premiums
    • Schedule SB
  • Insurance can be issued as a multiple of the monthly benefit or using Revenue Ruling 74-307
  • Ideal salary calculations for partnerships / sole proprietors
  • Pension Protection Act
    • 430 and 404 calculations (including shortfall base management)
    • Recommended contribution with alternate funding method
    • Carryover / pre-funding balances
  • Non-discrimination testing
    • Accrued-to-date / annual
    • Average NHCE gateway testing
  • Reports
    • Crystal report writer valuation results
    • Detailed valuation results for all calculations
    • Custom reporting
    • Batch reporting
    • FASB 35 / 87 / 132
  • Data validation through the web (optional module)
  • Interface with Participant Web and Plan Sponsor Web (optional modules)



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