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VPAS from Levi, Ray & Shoup, Inc. (LRS)
A comprehensive pension administration system that handles member management, contributions, benefit calculations, payments, and regulatory reporting. Includes workflow management, document imaging, and member self-service capabilities.
More about Levi, Ray & Shoup, Inc. (LRS)
Product analysis by function
Pension Administration Systems for Member Administration
Core systems that manage member records, contribution processing, benefit calculations, and payment disbursements. These platforms handle complex calculations based on plan rules, service years, and benefit formulas.
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Member Data Management
(11 Yes /11 Known /12 Possible features)
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Demographic Data Capture System can capture and maintain comprehensive member demographic information including name, contact details, date of birth, gender, etc. |
VPAS is described as handling comprehensive member management, which includes capture and maintenance of member demographic information. | |
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Employment History Tracking Ability to maintain complete employment records including start dates, end dates, breaks in service, and multiple employment periods |
VPAS includes member management features and can track employment history as part of member records. | |
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Beneficiary Management Support for designating, updating and maintaining multiple beneficiaries with different allocation percentages |
Beneficiary management is a standard feature in comprehensive pension systems; product documentation explicitly highlights beneficiary updates via self-service. | |
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Dependent Tracking Ability to record and track member dependents and their eligibility status |
Dependent tracking is implied by comprehensive member record and eligibility management in VPAS. | |
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Document Management Integrated storage and retrieval of member-related documents such as enrollment forms, beneficiary designations, etc. |
Document management and imaging are explicitly mentioned as part of VPAS capabilities. | |
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Address History Maintains historical addresses and contact information with effective dates |
Historical data management, including address history, is supported per system documentation. | |
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Data Validation Rules Configurable validation rules to ensure data integrity and accuracy |
Data validation for integrity and accuracy is standard for pension admin systems; VPAS claims robust data controls. | |
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Duplicate Member Detection Automated detection of potential duplicate member records |
Duplicate member detection is typically included in advanced member management and record controls. | |
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Member Status Tracking Tracks various member statuses (active, deferred, retired, deceased) with effective dates |
VPAS tracks whole member lifecycle, including status changes (active, deferred, retired, deceased). | |
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Bulk Data Update Capability Ability to update multiple member records simultaneously |
Bulk data updates are part of batch processing features per VPAS documentation. | |
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Data Import/Export Tools for importing and exporting member data in various formats |
Data import/export is a standard feature for member data management in VPAS. | |
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Member Record Capacity Maximum number of member records the system can efficiently handle |
No information available |
Contribution Processing
(11 Yes /11 Known /12 Possible features)
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Multi-Source Contributions Ability to process contributions from multiple sources (employer, employee, third-party) |
VPAS processes contributions from multiple sources, mention of employer, employee, and third-party payers. | |
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Contribution Rate Management Support for different contribution rates based on plan rules, member categories, or time periods |
Contribution rate management by plan rules and categories is highlighted in system overviews. | |
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Contribution Limit Monitoring Automated tracking of annual contribution limits with alerts for potential exceeding of limits |
Contribution limit monitoring and alerting is typically present in VPAS for regulatory compliance. | |
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Arrears Management Tracking and management of missed contributions with interest calculations |
Arrears management (missed contributions and interest) is part of the system's contribution management capabilities. | |
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Contribution Reconciliation Tools to match expected contributions against received amounts and highlight discrepancies |
Contribution reconciliation, including discrepancy detection, is a standard cited feature. | |
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Retroactive Contribution Processing Ability to process backdated contributions with appropriate interest adjustments |
Retroactive contribution processing is included in the system's features per product sheet. | |
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Automatic Contribution Allocation Automatic allocation of contributions to appropriate investment options based on member elections |
Automatic allocation of contributions to investment options is cited as a feature. | |
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Contribution Processing Speed The volume of contribution transactions the system can process per hour |
No information available | |
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Batch Contribution Processing Support for processing contributions in batches from payroll or other systems |
Batch contribution processing is supported by VPAS as per official documentation. | |
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Contribution History Maintains detailed history of all contribution transactions with audit trail |
Contribution transaction history with audit trail is named as a capability. | |
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Voluntary Contribution Management Support for additional voluntary contributions beyond mandatory rates |
Voluntary (additional) contributions are managed by VPAS per product feature listings. | |
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Employer Matching Rules Configurable rules for employer matching contributions |
Employer matching rules are configurable according to plan rules in VPAS. |
Benefit Calculations
(11 Yes /11 Known /13 Possible features)
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Multiple Benefit Formula Support Ability to configure and apply different benefit calculation formulas based on plan type, member category, or time period |
Supports multiple benefit calculation formulas, configurable by plan or member. | |
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Service Credit Calculations Accurate calculation of pensionable service including part-time adjustments, breaks in service, and purchased service |
Service credit and related pensionable service calculations are highlighted in system features. | |
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Final Average Earnings Calculations Configurable rules for determining final average earnings over specified periods |
Final average earnings calculations are supported with user-defined rules. | |
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Early/Late Retirement Adjustments Automated adjustments for early or late retirement based on actuarial factors |
Early/late retirement adjustments automated by system according to actuarial factors. | |
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Optional Form Calculations Calculation of benefit amounts under different payment options (e.g., joint and survivor, period certain) |
Optional forms, such as different payment calculations (joint, survivor), are supported. | |
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Benefit Projections Tools for projecting future benefits based on various assumptions |
Benefit projection tools available for administrators and members. | |
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Cost-of-Living Adjustments Support for automatic cost-of-living adjustments to benefits based on configurable rules |
Automatic cost-of-living adjustments based on rules is included in benefits module. | |
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Maximum Benefit Limits Enforcement of statutory maximum benefit limits with appropriate adjustments |
Supports enforcement of statutory maximum benefit limits. | |
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Disability Benefit Calculations Specialized calculations for disability retirement benefits |
Disability benefit calculations are supported per VPAS documentation. | |
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Death Benefit Calculations Calculation of survivor benefits according to plan rules |
Death and survivor benefit calculations are included under benefit calculations. | |
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Benefit Calculation Accuracy Precision of calculations to ensure accurate benefit amounts |
No information available | |
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Calculation Audit Trail Detailed record of calculation steps and inputs for audit purposes |
Calculation steps and audit trails for all benefit calculations are part of internal audit controls. | |
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Benefit Calculation Speed Time taken to process complex benefit calculations |
No information available |
Benefit Payments
(11 Yes /11 Known /12 Possible features)
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Multiple Payment Methods Support for various payment methods including direct deposit, check, and international transfers |
Multiple benefit payment methods (ACH, check, international) are documented. | |
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Payment Scheduling Configurable payment schedules (monthly, quarterly, annually, etc.) |
Customizable payment scheduling is a standard cited feature. | |
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Tax Withholding Automated tax withholding calculations based on jurisdictional rules and member elections |
Automated tax withholding calculations are performed based on jurisdictional rules. | |
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Lump Sum Payment Processing Support for one-time lump sum benefit payments with appropriate tax handling |
Lump sum payment calculations and processing are cited within payment module. | |
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Payment History Tracking Comprehensive history of all payments made to members with search and reporting capabilities |
Comprehensive payment history tracking is available for all member payments. | |
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Bank Reconciliation Tools for reconciling payment records with bank transactions |
Reconciliation tools for payments and banking are documented in VPAS. | |
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Overpayment Recovery Management of benefit overpayments including detection and recovery processes |
Overpayment detection and recovery processes are integrated in payment functions. | |
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Payment Verification Automated verification procedures to confirm recipient eligibility before payment |
Automated eligibility verification prior to payment is a core feature per system documentation. | |
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Third-Party Payments Support for directing portions of payments to third parties (e.g., insurance premiums, garnishments) |
Third-party payments (e.g., for garnishments, insurance) are supported. | |
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Payment Processing Capacity Maximum number of payments that can be processed in a single payment run |
No information available | |
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Payment Adjustment Tools Tools for making manual or automated adjustments to payment amounts |
Manual and automated payment adjustment tools are available. | |
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Payment Forms Generation Automated generation of payment advices, tax forms, and other payment-related documents |
Automated form generation for payments, including advices, tax forms, is cited. |
Self-Service Portal
(10 Yes /10 Known /13 Possible features)
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Member Personal Information Updates Ability for members to update their contact information, beneficiaries, and other personal details |
Members can update personal information, contact data, and beneficiaries via self-service portal. | |
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Benefit Estimator Tool Interactive tool allowing members to estimate future benefits under various scenarios |
Interactive benefit estimator tool available in self-service portals. | |
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Document Upload/Download Capability for members to securely upload and download documents |
Document upload and download is a feature of the member self-service portal. | |
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Statement Access Access to current and historical benefit statements online |
Online access to current and historical benefit statements documented for members. | |
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Contribution History View Self-service access to view contribution history and details |
Contribution history viewable in self-service portal for members. | |
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Electronic Forms Submission Ability to complete and submit forms electronically with digital signature capability |
Electronic form completion and submission (with digital signatures) supported. | |
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Secure Messaging Secure communication channel between members and pension administrators |
Secure member-to-administrator messaging documented in self-service portal. | |
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Mobile Device Compatibility Responsive design that works on various devices and screen sizes |
Mobile device compatibility via responsive design is included in the portal. | |
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Employer Contribution Submission Portal for employers to submit contribution data and payments electronically |
Employer portal for electronic submission of contribution data and payments included in VPAS. | |
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Retirement Application Processing Online tools for members to apply for retirement benefits |
Online retirement application tools by members, supported in the portal. | |
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Portal Concurrent User Capacity Maximum number of simultaneous users the portal can support efficiently |
No information available | |
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Multi-Language Support Available languages in the self-service portal |
No information available | |
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Portal Uptime Percentage of time the portal is available and functioning correctly |
No information available |
Regulatory Compliance
(11 Yes /11 Known /12 Possible features)
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Regulatory Reporting Tools Built-in support for generating required regulatory reports |
Regulatory reporting toolsets included for North American public sector compliance. | |
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Legislative Updates Regular system updates to reflect changes in pension legislation |
Vendor-managed regular system updates to reflect legislative changes. | |
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Compliance Testing Automated testing for various compliance requirements such as non-discrimination testing |
Compliance testing functionality for non-discrimination and other compliance included in system. | |
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Required Minimum Distribution Tracking Monitoring and enforcement of required minimum distributions at appropriate ages |
System enforces required minimum distribution at appropriate ages. | |
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Tax Reporting Generation of tax forms and reports in compliance with tax authorities |
Generation of tax forms and regulatory tax reporting included. | |
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Audit Trails Comprehensive audit trails for all system activities and changes |
Comprehensive audit trails for all system changes and activities. | |
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Data Retention Controls Tools for implementing data retention policies in compliance with regulations |
Data retention and purging controls included to support regulatory obligations. | |
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Multi-Jurisdiction Support Support for varying rules across different jurisdictions |
Multi-jurisdictional support for public plans in the US and Canada is documented. | |
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Compliance Alert System Automated alerts for potential compliance issues or required actions |
Compliance alerting and tracking is part of VPAS compliance management. | |
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GDPR/Privacy Compliance Features supporting data privacy regulations including right to be forgotten, data export, etc. |
Features supporting privacy (GDPR/etc.) and data subject rights are included. | |
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Regulatory Update Frequency Frequency of system updates to incorporate regulatory changes |
No information available | |
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Compliance Documentation Comprehensive documentation of system compliance features and controls |
Compliance documentation is included as part of deliverables and control suite. |
Workflow and Process Management
(10 Yes /10 Known /12 Possible features)
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Configurable Workflows Ability to configure automated workflows for common pension administration processes |
Configurable workflows are integral to VPAS workflow/process management. | |
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Task Assignment and Tracking Tools for assigning tasks to staff and tracking completion status |
Task assignment and tracking for administration staff within workflow engine. | |
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Approval Hierarchies Configurable approval chains for transactions requiring multiple levels of review |
Approval hierarchies (multi-level review) supported in workflow management. | |
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SLA Monitoring Tracking of service level agreements with alerts for approaching deadlines |
SLA and deadline monitoring with alerts is available within workflow reporting. | |
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Process Automation Automation of routine processes to reduce manual intervention |
Process automation to reduce manual intervention is key feature. | |
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Exception Handling Structured processes for managing exceptions and special cases |
Exception handling is supported within workflow and error management. | |
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Parallel Processing Support for concurrent processing of workflow steps where appropriate |
Workflow engine allows parallel/concurrent step processing. | |
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Workload Balancing Tools for distributing work evenly among staff members |
Workload balancing tools are available for task distribution among staff. | |
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Process Analytics Metrics and analytics on process efficiency and bottlenecks |
Process analytics tools are part of reporting and workflow monitoring. | |
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Process Template Library Pre-built templates for common pension administration processes |
No information available | |
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Process Customization Depth Degree to which standard processes can be customized without programming |
No information available | |
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Workflow Visualization Graphical tools for designing and viewing process workflows |
Graphical workflow visualization and process design features available per VPAS marketing. |
Reporting and Analytics
(11 Yes /11 Known /13 Possible features)
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Standard Report Library Pre-built reports covering common pension administration reporting needs |
No information available | |
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Custom Report Builder Tools allowing non-technical users to create custom reports |
Custom report builder available for non-technical users. | |
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Data Visualization Tools Graphical presentation of data through charts, graphs, and dashboards |
Graphical data visualization tools included within analytics dashboards. | |
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Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports |
Ability to schedule and distribute reports automatically according to business rule. | |
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Export Capabilities Support for exporting reports in various formats (PDF, Excel, CSV, etc.) |
Export of reports in multiple formats (PDF, Excel, CSV) supported. | |
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Ad-hoc Query Tools Tools for performing on-demand data queries without programming |
Ad-hoc query tools available for users to make custom data queries. | |
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Historical Trend Analysis Features for analyzing data trends over time |
Support for historical trend and time-sequenced data analysis featured. | |
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Actuarial Data Extraction Specialized exports for actuarial valuations and analyses |
Actuarial data extraction capabilities packaged with reporting tools. | |
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Performance Metrics Dashboard Real-time dashboards showing key performance indicators |
Performance metrics dashboard available for real-time operations monitoring. | |
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Member Population Analytics Demographic analysis of the member population |
Member population analytics for demographic/regulatory reporting. | |
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Report Processing Speed Time taken to generate complex reports with large data sets |
No information available | |
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Drill-Down Capabilities Ability to navigate from summary data to supporting details |
Drill-down capabilities present on reporting dashboards for summary-detail navigation. | |
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Data Warehouse Integration Integration with external data warehouses or business intelligence tools |
Data warehouse and business intelligence system integration described as available. |
System Integration
(10 Yes /10 Known /12 Possible features)
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API Availability Comprehensive APIs for integration with external systems |
Public API documentation available for system integration. | |
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Payroll System Integration Built-in connectors for common payroll systems |
Payroll system connectors and interfaces documented for implementation. | |
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General Ledger Integration Automated integration with accounting systems |
General ledger/accounting system integration supported (automated syncing). | |
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Banking System Integration Direct integration with banking systems for payments and reconciliation |
Direct banking system integration for funds transfers supported. | |
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Document Management Integration Integration with document management systems |
Integration with third-party document management systems by configuration. | |
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Identity Management Integration Support for enterprise single sign-on and identity management systems |
Single sign-on and identity management (enterprise integration) supported. | |
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Data Exchange Standards Support for standard data formats like XML, JSON, CSV |
Supports standard data formats such as XML, JSON, and CSV. | |
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ETL Tools Built-in tools for data extraction, transformation, and loading |
ETL tools for import/export, migration, and integration are included. | |
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Real-time Integration Capability Support for real-time data exchange with external systems |
Real-time integrations with external systems supported (inbound and outbound). | |
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Integration Monitoring Tools for monitoring the health and performance of system integrations |
Monitoring of all integrations, including error tracking, is part of system's admin tools. | |
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Third-party Integration Partners Number of pre-built integrations with third-party systems |
No information available | |
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Integration Transaction Volume Maximum number of integration transactions the system can handle per hour |
No information available |
Security and Data Protection
(10 Yes /10 Known /13 Possible features)
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Role-based Access Control Granular permission settings based on user roles |
Role-based access control configurable by role/group. | |
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Multi-factor Authentication Support for additional authentication factors beyond passwords |
Multi-factor authentication supported as part of access security protocols. | |
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Data Encryption Encryption of sensitive data both in transit and at rest |
Sensitive data is encrypted in transit and at rest per security documentation. | |
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Security Audit Logging Comprehensive logging of all security-related events |
Security audit logs for all security-related events documented and accessible. | |
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Intrusion Detection Systems to detect and alert on potential security breaches |
Intrusion detection and alerting part of system security package. | |
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Data Masking Ability to mask sensitive data for non-production environments |
Data masking tools for non-production and test environments supported. | |
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Password Policy Enforcement Configurable password complexity and rotation requirements |
Configurable password complexity, expiry, and rotation controls. | |
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Session Management Controls for session timeouts and concurrent logins |
Session management, timeout, and login concurrency controls documented. | |
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Security Certification Formal security certifications such as ISO 27001, SOC 2 |
Vendor claims SOC 2 and ISO 27001 (or equivalent) certification for hosted VPAS. | |
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Vulnerability Assessment Regular security testing and vulnerability assessments |
Regular vulnerability scans and security tests performed per vendor security policy. | |
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Data Backup Frequency Frequency of system data backups |
No information available | |
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Recovery Time Objective Target time for system recovery after a disruption |
No information available | |
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Security Update Frequency Frequency of security patches and updates |
No information available |
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