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What is PX3000?

The PX3000 platform, created by Penad, serves as a comprehensive software solution designed specifically for the administration of pensions, adeptly handling various types of benefits and pension schemes. Its robust and scalable architecture ensures secure operations, while advanced reporting functions and self-service access empower financial institutions to effectively oversee and support both individual and group pension accounts that encompass diverse savings options. Furthermore, the PX3000 includes an extensive range of features, such as a dedicated Human Resources Administration (HRMIS) module, tools for managing retirement plans, services tailored for retirees, and a module focused on group life and health benefits, among other capabilities. This diverse functionality positions PX3000 as an invaluable resource for organizations seeking to optimize their pension administration processes and enhance overall operational efficiency. As a result, institutions utilizing PX3000 can expect significant improvements in their ability to manage and streamline pension-related tasks.

What is Milliman MARC?

The Milliman Actuarial Retirement Calculator (MARC) acts as a comprehensive tool for managing pension plans, with a focus on delivering accurate and effective administration of defined benefit schemes. Initiated in 1991 by a talented group comprised of Milliman actuaries, retirement consultants, web developers, and IT specialists, MARC establishes a robust foundation for the calculation of pension benefits while ensuring the upkeep of vital administrative information. Its flexible architecture caters to multiple plan varieties and supports customizable options for calculations, reports, forms, data oversight, web interfaces, and workflow processes. By promoting participant engagement, MARC includes a user-friendly website that allows employees to access their personal data, engage in self-service activities such as adding beneficiaries, manage their forms and documents, communicate with plan sponsors, create pension projections, and conduct detailed retirement modeling. Furthermore, the tool not only simplifies the management of pensions but also significantly enriches the retirement planning journey for all involved, making it a valuable asset for both administrators and participants alike.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Penad Pension Services

Date Founded

1983

Company Location

Canada

Company Website

www.penad.com

Company Facts

Organization Name

Milliman

Date Founded

1947

Company Location

United States

Company Website

us.milliman.com/en/products/marc

Categories and Features

Benefits Administration

COBRA Administration
Claims Management
Deduction Management
Disability Insurance Administration
Employee Benefits Administration
FMLA Administration
FSA Administration
Flexible Spending Accounts
For Brokers
For Employers
HIPAA Compliant
Health Insurance Administration
Life Insurance Administration
Online Benefits Enrollment
Premium Billing
Provider Management
Retiree Administration
Retirement Plan Management

Categories and Features

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