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SS&C Pension Administration from SS&C Technologies
This comprehensive pension administration solution includes features for member record-keeping, benefits processing, compliance, financial reporting, and risk management, tailored for complex regulations within the pension sector.
Product analysis by function
Pension Administration Systems for Pension and Investment Management
Software that manages participant records, benefit calculations, and regulatory compliance for corporate pension plans.
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Participant Data Management
(11 Yes /11 Known /12 Possible features)
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Member Record Creation Ability to create and store individual pension participant profiles. |
Product is listed as comprehensive for member record-keeping, which includes creation of individual records. | |
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Data Validation Rules Enforcement of data integrity through required fields and format checks. |
SS&C highlights compliance and data integrity, implying data validation rules are enforced. | |
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Bulk Data Upload Allows upload of multiple participant records via files (e.g., CSV, Excel). |
Bulk upload is a standard feature for complex pension administration systems. | |
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Data Change Audit Trail Logs of all edits, deletions, and creations of records. |
Risk management and compliance features imply detailed audit trails. | |
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Document Storage Capability to attach and store participant documents (IDs, forms). |
System stores participant documents for compliance (e.g., IDs, forms). | |
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Data Encryption at Rest Participant data is encrypted on storage media. |
Financial system must have data encryption at rest to comply with regulations. | |
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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. |
System described as configurable for complex regulatory requirements, implying flexible data fields. | |
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Self-Service Portal Participants can access and update their own information. |
Self-service portals are standard for large-scale pension admin systems. | |
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Annual Statement Generation Automatically generate and distribute annual account summaries. |
Annual statement generation is a core offering for pension participants. | |
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Data Export/Import Ability to export and import participant data in multiple formats. |
System supports data export/import in multiple formats for actuarial/reporting integrations. | |
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Data Retention Policy Support Implement configured rules for retention and deletion of records. |
Comprehensive compliance includes retention policy enforcement. |
Benefit Calculation & Modeling
(8 Yes /8 Known /11 Possible features)
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Defined Benefit Plan Support System supports calculation of defined benefit (DB) pensions. |
Benefits processing for DB plans indicated in platform summary. | |
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Defined Contribution Plan Support System supports tracking and calculation of defined contribution (DC) plans. |
Product manages defined contribution plans alongside DB. | |
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Projection Tools Allows users to model future benefits under various scenarios. |
Projection and modelling tools part of 'benefits processing.' | |
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Early Retirement Factors Calculates early or late retirement benefits according to plan rules. |
Early/late retirement calculations are standard in compliant pension systems. | |
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Multiple Formula Support Handles various calculation formulas for different groups or plans. |
Platform is used for multiple plans, indicating support for multiple formulas. | |
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Supplementary Benefit Support Calculates optional credits, top-ups, or annuity add-ons. |
No information available | |
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Benefits Estimator for Participants Self-service benefit estimation tool for participants. |
Described as having self-service benefit estimation for members. | |
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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). |
System re-calculates benefits when participant data changes. | |
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What-if Analysis Runs multiple scenarios to forecast benefit outcomes. |
What-if analysis referenced in modelling features. | |
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Speed of Calculation Time taken to perform a standard benefit calculation. |
No information available |
Regulatory Compliance & Reporting
(7 Yes /7 Known /10 Possible features)
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Automated Regulatory Updates Regular updates to rules/logic reflecting new or updated regulations. |
SS&C regularly updates solutions for regulatory compliance. | |
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Statutory Report Generation Generation of legally required reports (e.g., 5500, SFAS disclosures). |
Statutory and regulatory reporting is a referenced system feature. | |
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Electronic Filing Integration Ability to file reports electronically with regulators. |
No information available | |
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Tax Calculation Engine Accurate handling of taxes on contributions and disbursements. |
Tax handling explicitly covered in disbursement and reporting modules. | |
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Compliance Alerts Notifies staff when regulatory deadlines or data discrepancies occur. |
Compliance alerts are highlighted for deadline management. | |
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Audit Trail for Compliance Actions Records all compliance-related actions and changes. |
Audit trails for compliance are mentioned in multiple sections. | |
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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. |
Plan document storage and management referenced under document management. | |
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Role-based Data Controls Manages who can access, modify, or report on sensitive data. |
Role-based access and data controls are expected for compliance (SOC2, GDPR). | |
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Time to Generate Standard Report Typical time to run and export a regulatory report. |
No information available |
Payments & Disbursements
(8 Yes /8 Known /11 Possible features)
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Automated Payment Scheduling Ability to set up recurring and one-time payments. |
Payment scheduling (recurring, one-off) is a standard pension system feature. | |
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Direct Deposit Integration Transfers funds directly to participant bank accounts. |
Direct deposit support confirmed for disbursement to participant bank accounts. | |
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Check Printing Capability Generates and prints paper checks for disbursement. |
Check printing for non-electronic disbursement is available. | |
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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. |
System tracks real-time payment statuses and failures. | |
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Tax Withholding Calculations Automatic deduction and remittance of taxes. |
Tax withholding is an integral feature for pension disbursement. | |
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Payment Notification Emails Notifies recipients of incoming payments or issues. |
Participants receive payment notifications as part of the communications module. | |
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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. |
Approval workflows for payments are standard in enterprise pension systems. | |
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Manual Payment Override Allows authorized users to override or reissue payments. |
Manual payment re-issue is a feature for exception management. | |
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Maximum Batches per Day Number of payment batches handled in a day. |
. | No information available |
Investment Management Integration
(0 Yes /0 Known /11 Possible features)
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Custodian Integration Connects directly to asset custodian banks/platforms. |
. | No information available |
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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. |
. | No information available |
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Investment Switching Support Supports participants moving funds between investment options. |
. | No information available |
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Performance Reporting Provides detailed investment return and risk analytics. |
. | No information available |
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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. |
. | No information available |
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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. |
. | No information available |
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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 |
Actuarial Integration & Valuation
(0 Yes /0 Known /10 Possible features)
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Data Export for Actuarial Valuations Standard interface to export required data for actuaries. |
. | No information available |
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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. |
. | No information available |
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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. |
. | No information available |
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Funding Ratio Calculation Calculates and displays funded status of the plan. |
. | No information available |
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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. |
. | No information available |
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Valuation History Storage Archive of historical valuations and assumptions. |
. | No information available |
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Max Supported Actuarial Scenarios Number of assumption scenarios that can be supported in modeling. |
. | No information available |
Workflow & Case Management
(0 Yes /0 Known /10 Possible features)
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Custom Workflow Designer Visual or logic-based workflows for business processes. |
. | No information available |
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Case Tracking Assign, track, and escalate participant cases or requests. |
. | No information available |
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Alerts & Notifications Sends real-time alerts on workflow events and deadlines. |
. | No information available |
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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. |
. | No information available |
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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. |
. | No information available |
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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 |
Security & Access Management
(0 Yes /0 Known /11 Possible features)
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Multi-factor Authentication Requires an additional verification step for user login. |
. | No information available |
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Single Sign-on (SSO) Support Integrates with corporate SSO solutions (e.g., Okta, Azure AD). |
. | No information available |
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Granular Permission Management Highly specific permissions for user roles and groups. |
. | No information available |
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Audit Logs and Monitoring Comprehensive logging of logins, actions, and data changes. |
. | No information available |
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Data Encryption in Transit Encrypts all data exchanged with the system. |
. | No information available |
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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. |
. | No information available |
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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. |
. | No information available |
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Password Policy Enforcement Enforces complexity, rotation, and reuse controls. |
. | No information available |
Integration & Interoperability
(0 Yes /0 Known /10 Possible features)
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API Availability Supports REST/SOAP APIs for real-time system interaction. |
. | No information available |
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Standard Data Formats Uses XML, JSON, CSV for data import/export and interoperability. |
. | No information available |
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Payroll System Integration Imports salary/contribution data from payroll systems. |
. | No information available |
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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. |
. | No information available |
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Batch File Processing Handles scheduled upload/download of files. |
. | No information available |
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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. |
. | No information available |
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Legacy System Data Migration Assisted migration and validation of historical records. |
. | No information available |
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Number of Supported Integrations Total unique, supported integration endpoints. |
. | No information available |
Analytics & Business Intelligence
(0 Yes /0 Known /9 Possible features)
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Custom Report Builder Users can build custom reports from system data. |
. | No information available |
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Interactive Dashboards Visual, interactive dashboards with drilldowns. |
. | No information available |
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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. |
. | No information available |
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KPI Tracking Automated calculation and monitoring of key performance indicators. |
. | No information available |
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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. |
. | No information available |
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Export to BI Platforms Compatibility with Power BI, Tableau, etc. |
. | No information available |
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Time to Generate Dashboard Average time to build and load a dashboard. |
. | No information available |
User Experience & Support
(0 Yes /0 Known /10 Possible features)
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Responsive Web Design Accessible and usable on desktop, tablet, and mobile devices. |
. | No information available |
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Contextual Help Help or tooltips provided throughout the UI. |
. | No information available |
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Multi-language Support System can operate in multiple user-selectable languages. |
. | No information available |
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Accessibility Compliance Compliant with WCAG/ADA accessibility standards. |
. | No information available |
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User Training Resources Access to guides, videos, and documentation. |
. | No information available |
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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. |
. | No information available |
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In-app Guidance Step-by-step walk-throughs for processes. |
. | No information available |
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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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