everything that can be counted counts,
not everything that counts can be counted."
IS is an individual participant level record keeping system
for administering all types of defined contribution retirement plans.
Plan IS supports conventional commingled account and participant
directed account plans with ease. It can be used to administer SEPs,
KEOGH, profit sharing, money purchase, ESOPs, 401(k), Section 457
Deferred Compensation, Section 403(b) and other retirement plans.
is for use by administrators of employee retirement plans such as
third party administrators, life insurance company pension administrators,
accounting and law firms, bank trust departments, private employers
who administer their own plans, and others.
used with its companion product, Benefits IS, a system for
flexible benefit (cafeteria) plans, the two systems are integrated
so that employee data entered for one system is available in both.
Another companion product, Trust IS, provides the plan (employer)
level accounting including full asset management and reporting.
IS provides for unlimited investments, 99 sources of contributions,
automated pricing, and daily asset valuation. Assets are designated
using CUSIP number and/or standard stock and bond TICKER symbols.
IS allows multiple plan, multiple trustee and investment
officer or administrator reporting. Controlled groups can be aggregated
in discrimination testing and in most reports as well.
IS works across multiple plans. Examples of this include
automated dividend/interest allocation using income factor tables,
based on units held or time weighted rate of return balances.
Allocation may be based on "as of" balances.
IS is a transaction based system. Detail transactions are
kept on-line for as long as desired. This feature facilitates
reconstruction of prior period statements and assists in responding
to audit requests.
IS can automatically generate ongoing transactions for contributions.
Historic records of contribution investment choices as well as
elected percentages are maintained and can change as often as
desired. It can receive contribution data from payroll systems
operating on the same system, by on-line communications from other
systems, or through data interchange using compatible magnetic
IS maintains multiple vesting schedules by source based
on date of employment or plan inception. It tracks plan eligibility
rules and reports participation dates for new employees.
Copyright, 1989, 1999 TSCI, Inc.