GROUP PENSION ADMINISTRATION

Computrol’s Group Pension Administration system (GPA) provides investment companies the tools to implement a wide range of financial services and investment products for pension plan administrators and trust officers. Plan and product mix are designed to meet investor needs.

GPA integrates the relationship between employer, plan, contract and investment. GPA includes an optional broker subsystem to summarize information for commission processing.

Administrators and trust officers select from a variety of group pension features. Under GPA

One employer can consolidate multiple plans

One plan can include multiple contracts

Each contract can support one or many investments

System Flexibility

Plan types include:

	Defined contribution
	Employee benefit trust
	ESOP
	Government
	Hospital
	Foundation
	Other qualified plans
	Other non-qualified plans

The contract identifies a unique set of processing rules. These rules include deposit and withdrawal provisions, fee definition and administrative document tracking. Investment types include products such as certificates of deposit, guaranteed investment contracts, managed funds, etc.  Deposit provisions include bullet contracts and window contracts.

An important feature is discretionary and non-discretionary investment management. Under either investment strategy, an allocation model can be used to divide contract deposits into various investments based on the predetermined percentages. Reallocation can be requested when you change the model for economic conditions or investment asset values are out of line with the model.

Withdrawals from the contract are allocated to multiple investments according to a user-defined model. Voluntary cash-out provisions identify how to calculate the contract value upon early termination.

Disbursements are available for:

	Contract withdrawals
	Interest payments
	Termination
	Commission payments
	Trailer fee payments
	Maturity payments

Instrument disbursements can occur through single payout,  cycled payout or scheduled serial payout. GPA can pay by check, wire or ACH to the participant or the trustee. Examples of fee options include a gross rate charge, investment management services and surrender charges.

Management Support

Mark-to-market and what-if modeling provide the current and projected value of holdings. Transactions can be backdated to correct errors or to enter omitted data.

GPA tracks the sales activity of brokers and computes commissions payable based on the dollars deposited and/or the market value of the account. System, ad-hoc and tax reporting, including brokers, is fully supported.

More Information

For additional information regarding Computrol’s Group Pension Administration, contact Computrol.

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