Helping you take control of pension plan delivery
Simple and powerful, DBCalc offers plan administrators flexible, online models
for retirement calculations and benefit estimates, and ultimately reduces
errors, lowers risk, and frees your HR team to focus on more strategic issues.
Features of DBCalc include the following.
Easy Access to Participant Data—Hewitt maintains an external database
that’s loaded with all participant data. Clients have easy access to the data
for calculation assistance and annual actuarial valuation.
Flexible, Expandable System—DBCalc accommodates an unlimited number of
plans and combines all plan components into a single system that can be
customized for your plans. DBCalc also supports multiple configurations and
integrates easily with single or multiple HR, benefits, and payroll systems.
Robust Calculation Capabilities—DBCalc can perform virtually any
calculation for all types of defined benefit plans and can handle calculations
and communications for a variety of complex pension formulas. The system easily
upgrades calculation
Batch Processing—DBCalc supports batch processing of pension calculations
or annual pension statements. Users can vary batch calculation parameters and
assumptions. Batch updates to data can be performed easily.
Customized Output—All output is customized for each plan. Hewitt can
create virtually any form or report that your staff can define. The system can
also be used to generate annual benefit statements.
Integration With Your Benefits Resources™—DBCalc can be integrated
with Your Benefits Resources, allowing your employees to access information and
create and manage benefit estimates online. Any plan changes are reflected
automatically in both Your Benefits Resources and DBCalc, enabling you
to leverage your investment.
Please
contact us for
more information.
DBCalc™ is a trademark of Hewitt Associates LLC.
Your Benefits Resources™ is a trademark of Hewitt Management Company LLC.