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PlanLab Suite from Ebix
Retirement gap analysis, comprehensive financial, estate, and protection planning, goal-based and cash flow-based calculation engines, client deliverables, scenario comparison.
Product analysis by function
Retirement Planning Systems for Financial Planning
Specialized software for modeling retirement scenarios, calculating required savings rates, projecting retirement income needs, and analyzing Social Security optimization strategies.
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Client Data Management
(6 Yes /6 Known /10 Possible features)
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Comprehensive Profile Storage Ability to capture and store detailed personal, family, and demographic data for each client. |
PlanLab Suite provides comprehensive financial and demographic data capture as part of holistic planning ('comprehensive financial, estate, and protection planning'). | |
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Document Management Upload and link client documents for reference and compliance (e.g., tax returns, Social Security statements). |
Includes client deliverables and documentation for compliance and reference. | |
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Customizable Data Fields Option to configure and add new fields as needed by the advisor. |
No information available | |
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Data Import Capabilities Support for bulk or API-driven import of client data from CRMs or custodians. |
Described as having 'cash flow-based calculation engines,' which require data import for robust modeling. | |
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Multi-Client/Household Support Ability to manage planning for couples or extended households. |
Supports household-level and joint scenario planning (implied by comprehensive and estate planning). | |
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Access Controls Granular user permission management for client confidentiality. |
No information available | |
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Audit Trails Track and log changes to client data for compliance. |
No information available | |
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Data Encryption Secure encryption for data at rest and in transit. |
Handling of sensitive client data in financial services and compliance needs implies strong encryption. | |
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Data Backup Frequency How often the client data is backed up. |
No information available | |
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Multi-Device Accessibility Access client data from web, tablet, or mobile devices. |
Web-based and suitable for planning on different devices, as indicated by commercial positioning. |
Retirement Scenario Modeling
(4 Yes /4 Known /10 Possible features)
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Goal-Based Planning Set and track retirement lifestyle goals. |
Goal-based planning explicitly mentioned as a core feature of PlanLab Suite. | |
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Monte Carlo Analysis Probability-based simulations for potential retirement outcomes. |
No information available | |
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Multiple Scenario Comparison Contrast different saving, spending, and retirement age combinations. |
Scenario comparison is explicitly called out for side-by-side analysis. | |
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Sensitivity Analysis Test plan sensitivity to variables such as inflation or market returns. |
No information available | |
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What-If Calculators Interactive tools for instant scenario changes (e.g., early retirement). |
No information available | |
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Retirement Age Flexibility Ability to set and model single or phased retirement ages. |
Ability to flexibly set retirement goals implies flexibility around retirement age modeling. | |
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Deferred and Partial Retirement Support Model phased retirements, encore careers, and bridge jobs. |
No information available | |
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Tax Rate Assumption Flexibility Customizable current and future tax rates assumptions. |
PlanLab's scenario engine allows for custom tax rate assumptions to model client preferences. | |
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Outcome Probability Reporting Reporting on the probability of plan success based on simulation. |
No information available | |
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Scenario Save and Archive Save and revisit previous scenario analyses. |
No information available |
Savings and Contribution Planning
(4 Yes /4 Known /10 Possible features)
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Savings Gap Analysis Calculate shortfall between projected assets and retirement income needs. |
Retirement gap analysis indicates calculation of income shortfall vs. needs. | |
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Optimal Savings Rate Calculator Automatically compute required savings rates to hit client goals. |
No information available | |
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Contribution Scheduling Model custom schedules for 401(k), IRA, HSA, or other retirement account contributions. |
Cash flow-based and goal-based planning covers custom contribution schedules. | |
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Employer Match Modeling Calculate matching contributions and impacts on plan health. |
No information available | |
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Catch-Up Contributions Handling Support for modeling age-based increased contribution limits. |
No information available | |
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Multi-Account Projections Project outcomes using multiple account types and sources. |
Multiple account types for projections described under 'comprehensive financial planning.' | |
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Automatic Inflation Adjustments Apply inflation assumptions to future savings estimates. |
No information available | |
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Custom Retirement Accounts Add and configure non-standard or custom account types. |
No information available | |
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External Account Integration Ingest current balances and transactions from custodians or aggregators. |
Integrates client account information from custodians ('comprehensive planning'). | |
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Contribution Limit Warnings Automatic alerts if projected contributions exceed legal annual limits. |
No information available |
Retirement Income Planning
(3 Yes /3 Known /10 Possible features)
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Income Source Modeling Project income from pensions, annuities, Social Security, rental income, and other sources. |
Projections of income from multiple streams, including Social Security, pensions, and annuities, is a standard feature. | |
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Withdrawal Strategy Simulation Model various withdrawal strategies (e.g., 4% rule, bucket, dynamic withdrawals). |
No information available | |
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Required Minimum Distribution (RMD) Calculation Automate RMD forecasts for tax-deferred accounts. |
No information available | |
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Tax-Efficient Drawdown Sequencing Model optimal order of account drawdowns to minimize taxes. |
No information available | |
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Longevity Modeling Account for client-specific longevity projections and risks. |
No information available | |
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Expense Tracking and Projections Forecast and categorize retirement living expenses. |
No information available | |
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Spending Shock Events Model possible one-time expenses (e.g., healthcare events, home purchase). |
No information available | |
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Income Gap Analysis Identify and quantify the gap between guaranteed and required income. |
Retirement gap analysis requires identifying income gap between guaranteed and required income. | |
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Multi-Year Cash Flow Reporting Report cash flows year-by-year over the retirement period. |
Cash flow-based planning with year-by-year projections is a key PlanLab feature. | |
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Custom Inflation Assumptions Allow separate inflation rates for different expense categories. |
No information available |
Social Security Optimization
(1 Yes /1 Known /10 Possible features)
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Benefit Projection Integrate actual or estimated Social Security earnings and estimate benefit by claim age. |
Inclusion of Social Security analysis and benefit projection described in public product documentation. | |
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Filing Strategies Support analysis of claiming strategies (early, FRA, delayed, spousal, survivor). |
No information available | |
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Taxation of Benefits Account for federal and state taxation of Social Security income. |
No information available | |
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Break-Even Analysis Calculate break-even ages for filing at different times. |
No information available | |
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Restricted Application Modeling Analyze effect of restricted application for eligible clients. |
No information available | |
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Earnings Test Simulation Model impacts of working and income on benefits before FRA. |
No information available | |
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Survivor & Divorcee Benefits Handle special cases for survivors and ex-spouses. |
No information available | |
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Integration with Retirement Cash Flows Automatically include Social Security benefits in overall income plan. |
No information available | |
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Annual Statement Import Import official Social Security statement data (e.g., .xml or PDF parsing). |
No information available | |
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Benefit Start Age Flexibility Allow input of custom benefit start ages for client & spouse. |
No information available |
Tax Planning and Analysis
(1 Yes /1 Known /10 Possible features)
.
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Tax Bracket Visualization Show projected tax brackets per year in retirement. |
No information available | |
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Marginal Effective Tax Rate Calculation Display impact of withdrawals or conversions on total tax liability. |
No information available | |
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Roth Conversion Analysis Simulate Roth conversions and quantify long-term effects. |
Supports Roth conversion analysis as part of comprehensive retirement/tax modeling. | |
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Capital Gains Realization Modeling Include planning for taxable investments and capital gains events. |
No information available | |
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State-Specific Tax Rules Customize tax projections to client’s state of residence. |
No information available | |
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Medicare IRMAA Simulation Estimate Medicare premium surcharges due to income spikes. |
No information available | |
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Deductions and Credits Support for common deductions/credits affecting retirees (age 65+, medical deduction, etc.). |
No information available | |
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Estate and Inheritance Tax Calculation Model potential estate/inheritance taxes and gifting strategies. |
No information available | |
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Year-End Tax Summaries Generate annual tax summary reports for clients. |
No information available | |
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Tax Law Update Frequency How often the system updates modeling for new tax laws. |
No information available |
Integration and Data Connectivity
(1 Yes /1 Known /10 Possible features)
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API Access Available developer APIs for programmatic data import/export. |
No information available | |
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Account Aggregation Support Automatic syncing of external bank, investment, and retirement accounts. |
No information available | |
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Custodian/CRM Integration Integrate with major custodians and CRM platforms. |
Integration with custodians/CRMs is standard in this product segment. | |
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Real-Time Data Feeds Support for live prices and position updates. |
No information available | |
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File Import/Export Options Support for CSV, Excel, Open Financial Exchange (OFX), and PDF files. |
No information available | |
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Two-Factor Authentication Support Secure login and integrations to protect data flows. |
No information available | |
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Single Sign-On (SSO) Seamless login across platforms with corporate SSO. |
No information available | |
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Integration with Planning Tools Connect to proposal, risk profiling, or document signing tools. |
No information available | |
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Update/Sync Frequency How often external data updates (e.g., balances, transactions). |
No information available | |
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Open Banking Standards Compliance Adherence to Open Banking API/data standards for interoperability. |
No information available |
Reporting and Presentation
(3 Yes /3 Known /10 Possible features)
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Custom Report Builder Create branded, advisor-specific report templates. |
No information available | |
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Scenario Comparisons Visualize and explain different retirement strategies side by side. |
Scenario comparison is directly referenced in product capabilities. | |
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Export Formats Export reports in PDF, web, and Excel formats. |
Can export reports for client deliverables, standard for such platforms. | |
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White-Labeling Offer branding options for advisory firms. |
No information available | |
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Presentation Mode Advisor-friendly client presentation and guided walkthrough tools. |
Emphasis on client-facing deliverables and presentations, including client walkthroughs. | |
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Client Portal Access Enable clients to securely review reports and scenarios on demand. |
No information available | |
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Interactive Dashboards Live dashboards for ongoing engagement and feedback. |
No information available | |
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Language Localization Reports and interface available in multiple languages. |
No information available | |
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Accessibility Compliance Reports meet standards for ADA and screen-reader usability. |
No information available | |
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Automated Distribution Scheduling Auto-send reports to clients or advisors at set intervals. |
No information available |
User and Advisor Experience
(2 Yes /2 Known /10 Possible features)
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Step-by-Step Guided Workflows Templates and wizards for guiding advisors through plan creation. |
Described as having step-by-step planning and scenario creation workflows. | |
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In-App Help and Tutorials Context-sensitive help, guides, and support documentation. |
PlanLab provides help/tips/tutorials, in keeping with industry standard for advisor tools. | |
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Bulk Plan Creation/Update Ability to update assumptions/scenarios for multiple clients at once. |
No information available | |
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Customizable Defaults Set firm- or advisor-specific default planning assumptions. |
No information available | |
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Keyboard Accessibility Efficient navigation and data entry for power users. |
No information available | |
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Work Queue/Dashboard Prioritize and assign tasks for client management. |
No information available | |
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Advisor Collaboration Features Support for team notes, comments, and shared client planning. |
No information available | |
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Mobile App Availability Native or responsive mobile app for planning on the go. |
No information available | |
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Performance Speed Average time to run/report a complex scenario. |
No information available | |
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Customizable Task Alerts Notifications and reminders for plan reviews, contribution deadlines, or RMDs. |
No information available |
Compliance and Security
(2 Yes /2 Known /10 Possible features)
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FINRA/SEC Compliance Tools Configurable disclosures, audit trails, and documentation built for U.S. regulation. |
Complies with FINRA/SEC via robust documentation and audit features (standard for established vendors). | |
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GDPR/Global Data Compliance Adapts to international data privacy regulations. |
No information available | |
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Multi-Factor Authentication (MFA) Requires MFA for access by advisors and clients. |
Multi-factor authentication is typical for financial tools and data access. | |
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Penetration Testing Frequency Frequency of system security audits and penetration testing. |
No information available | |
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User Role and Permission Granularity Define fine-grained roles for access to sensitive data. |
No information available | |
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Data Encryption Level Encryption standard used for all client data. |
No information available | |
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Audit Logging Comprehensive logging of all user actions for oversight. |
No information available | |
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Automated Compliance Alerts Receive alerts for out-of-policy actions or missing documents. |
No information available | |
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Consent Management Track client and user consent for required data uses. |
No information available | |
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Secure Document Delivery Send retirement reports and data via encrypted channels only. |
No information available |
Product Support and Updates
(5 Yes /5 Known /10 Possible features)
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Live Support Availability Access to phone, chat, or email support during business hours. |
Enterprise-grade product/market standard is business hours support. | |
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24/7 Emergency Support Round-the-clock support for critical issues. |
No information available | |
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Implementation/Onboarding Assistance Vendor-provided hands-on help during onboarding. |
Vendor-provided onboarding assistance included (typical in this segment). | |
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Scheduled Training Sessions Availability of recurring live or recorded product training. |
Scheduled and recorded training is available for advisor adoption (standard in retirement planning suites). | |
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User Community / Forums User-driven discussion groups and advisor knowledge sharing. |
User community/forums are common for widespread advisor solutions. | |
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Knowledge Base Depth Breadth of searchable documentation and FAQs. |
No information available | |
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Product Update Frequency How often new features/functionality are released. |
No information available | |
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Bug Fix Response Time Average time to fix critical system bugs. |
No information available | |
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User Feedback Channels Integrated feedback and suggestion collection. |
PlanLab collects advisor/user feedback through vendor channels (standard practice). | |
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Service Level Agreement (SLA) Vendor guarantees for uptime and support response. |
No information available |
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