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What is BenXL Pension Administration?
The Pension Administration System features a calculation engine, a data management application, a tool for generating reports, and a development platform designed for plan sponsors, third-party administrators, and benefits consultants. Its purpose is to effectively model complex benefit plans through parameter definitions, predefined business objects, and entry points that adhere to established protocols, all customized to meet distinct benefit administration requirements. Implementing an N-tier architecture, the system divides the application into multiple layers, promoting a modular design that supports scalability and enables rapid, cost-effective integration with existing client infrastructures. Moreover, the Pension Administration System is crafted to simplify all pension administration functions without necessitating intricate coding. In addition to these features, the system provides a range of functionalities aimed at improving usability and efficiency for its users. This comprehensive setup ensures that organizations can manage their pension tasks seamlessly while maintaining high levels of productivity. Furthermore, below is an extensive overview of some of the processes offered within the system.
What is Altair Pension Administration?
Altair is a versatile and secure pension administration platform specifically designed for retirement systems and their managers, offering a wide array of functionalities such as benefit calculations, automated workflows, document management, bulk processing, and ensuring compliance with regulations within a unified system. Equipped with a powerful calculation engine, it effectively handles complex individual and bulk computations while enhancing daily workflows with automation to reduce manual intervention. The platform also supports secure creation, export, and archiving of documents, maintaining thorough audit trails throughout the process. Additionally, it can efficiently process large volumes of statements, benefits, and pension increases. Hosted on a U.S.-based infrastructure compliant with FedRAMP standards, Altair features role-based access controls, multi-factor authentication, and provides real-time dashboards along with self-service reporting capabilities via its Insight module. Moreover, Altair is designed for seamless integration and migration, catering to the regulatory frameworks of various states, which broadens its applicability across different pension scenarios. Its extensive functionalities position it as an excellent solution for administrators aiming to enhance and modernize their pension management strategies, ultimately leading to improved operational efficiency and better service delivery to beneficiaries.
Integrations Supported
Anitian FedRAMP Comprehensive
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
BenXL
Company Website
www.benxl.com
Company Facts
Organization Name
Heywood
Date Founded
1975
Company Location
United Kingdom
Company Website
heywood.com/us/products/pension-administration/altair
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