DATAIR’s DB System includes PPA funding rules with yield curves, Funding Target and Target Normal Cost, segment rates, automatic rate and yield curve look-ups, at-risk calculations, cushion amount increase, FTAP and AFTAP certifications and notices, as well as other features, according to the announcement.
The DB System is for TPAs, consultants and employers of all sizes and handles many benefit formulas including those for Cash Balance Plans. It features a scalable SQL database and may be run on stand-alone and networked computers. It shares data with other DATAIR Windows systems, and DATAIR includes webinar training, support and “all updates with affordable fees,” according to the firm.
Westmont, Illinois-based DATAIR, founded in 1967, is a provider of pension and benefits administrative software. DATAIR offers systems and compliance support for DC, DB and Cafeteria Plan proposals, administration, plan documents, and government forms (5500s, 1099-Rs and 5300s). Additional information and demo software are available at www.datair.com or by calling (888) 328-2474.