::: Lynchval Systems Worldwide, Inc. :::

FEATURES

Normalization of benefits
Accounting for permitted disparity
Normal and most valuable accrual rates for defined benefit plans
Testing on either a contribution or benefit basis, including cross-testing
Use of several mortality tables and any interest rate you choose for testing
Automatic plan restructuring. If the plan does not pass, it is then regrouped based on the permitted rounding rules
Highly-compensated employees flagged in the input data or determined by the system based solely on the pay information
Combining of plans for testing, including combining defined benefit plans with defined contribution plans
Entry-point flexibility with automated programming wizard
Actuarial table manager

OUTPUT INCLUDES

Individual listing output
A table (separated for highly-compensated employees and non-highly-compensated employees) with the number of individuals covered in rate group cells
A table with the cumulative number of individuals covered
A table with the percentage of group covered
An easy-to-read table showing which cells meet the safe, mid-point, and unsafe harbor percentages. In addition, LVa4 provides a general pass/fail statement on the plan in total
Additional information is provided to test the plan on a facts and circumstances basis should the plan not pass under plan restructuring and regrouping

Lynchval Systems Worldwide Inc. provides and supports LVxact, the most comprehensive, technologically advanced pension, OPEB product and service suite available on the market today.

LVxact expert actuarial solutions suite

PRODUCTS

LVval for pension valuation

LVmed for OPEB valuation

LValm for asset liability modeling

LVadmin for defined benefit administration

LVa4 for 401(a)(4) cross testing

LVpacs for pensions accounting and control

LVobj for administrator / participant interface

LVdc for defined contribution

CONSULTING SERVICES

Service Bureau

Technology Consulting

Web Hosting

OPEB–FAS / GASB

Pension Actuarial

Plan Conversion