Pension Administration

BenFlex offers clients complete pension plan administration, for Defined Benefit (DB) and Defined Contribution (DC) pension plans, as follows:

  • For DC pension plans (also called Money Purchase (MP) pension plans), our services include maintaining member accounts; allocating expenses and income to each account; preparing quarterly financial statements and annual member statements; and arranging payment of account values on termination, retirement, death, or marriage breakdown.

  • For DB pension plans, our services include preparing pension calculations on termination and retirement; preparing annual member statements; calculating pension adjustments; and preparing actuarial valuation data files.