Milliman MARC Description
The Milliman Actuarial Retirement Calculator (MARC) serves as an all-encompassing system for pension administration, aimed at ensuring precise and efficient oversight of defined benefit plans. Established in 1991 by a skilled team of Milliman actuaries, retirement plan consultants, web developers, and IT experts, MARC provides a solid framework for calculating pension benefits and maintaining essential administrative data. Its adaptable design accommodates a variety of plan types and enables fully customizable calculations, reports, forms, data management, web interfaces, and workflow systems. By fostering participant involvement, MARC features an intuitive website that empowers employees to access personal information, utilize self-service options like adding beneficiaries, manage forms and documents, communicate with plan sponsors, generate pension estimates, and perform comprehensive retirement modeling. Overall, MARC not only streamlines pension management but also enhances the overall retirement planning experience for participants.
Milliman MARC Alternatives
Union.Dev
Introducing the sole contemporary, cloud-based platform for unions. Our comprehensive suite comprises two fully customizable systems dedicated to union management and benefits administration, seamlessly integrated with a cutting-edge website and secure member portal.
We've revolutionized the landscape by crafting a unified system for expanding unions, liberating you from the burden of paperwork, tedious back-and-forth, and the complexities of running multiple systems, putting an end to administrative pains.
Experience a smooth transition as we seamlessly implement your union's processes, rules, and bargaining agreements, enabling you to concentrate on what truly matters – the member.
Our platform boasts a modern user interface, eradicating uncertainty. Unlike one-size-fits-all solutions, we tailor the system to align precisely with your workflows and processes.
Whether you're processing dues, entering remittances, managing grievances, facilitating communications (via email and text), dispatching jobs, or updating member files, our Union Management platform has you covered.
For those seeking cutting-edge union Benefits Administration, explore our Pension Reporting System.
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NaviPlan
NaviPlan® is built upon the industry's most accurate calculation engine for financial planning, enabling firms to tailor their offerings to a wide range of clients, from those seeking simple goals-based assessments to those requiring intricate cash flow analyses. Whether addressing straightforward goals or crafting complex retirement income plans and estate strategies, NaviPlan provides financial advisors with the tools necessary to effectively assist any client who enters their office. It harnesses the power of precise calculations across countless scenarios, encompassing business planning, stock options, insurance advice, in-depth tax evaluation, estate planning, cash flow management, budgeting, Monte Carlo simulations, and retirement strategies. The tax planning software from NaviPlan, built on this top-tier calculation engine, supplies advisors with an array of comprehensive tax tools, including projections for both federal and state taxes, ensuring they can meet the diverse needs of their clientele. This versatility allows financial professionals to enhance their service offerings significantly, making NaviPlan an indispensable resource in the financial advisory landscape.
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Avenu CPAS
Avenu Insights & Analytics presents CPAS (Clearview Pension Administration Solution), an all-encompassing, web-based system crafted to enhance the management of retirement plans for both governmental and private organizations, including union trusts, third-party administrators, and financial institutions. With a legacy spanning over 35 years and deployments on four continents, CPAS effectively accommodates various pension structures such as defined benefits, defined contributions, hybrid plans, and health and welfare administration. The platform boasts a suite of integrated administrative features, optimized business workflows, user-friendly self-service portals, and robust data management tools, empowering administrators to gain a comprehensive view of member information and provide outstanding service. Members enjoy the advantages of secure and personalized self-service portals, which are furnished with tools for retirement modeling, planning, and calculations, thus facilitating proactive preparation for their futures. Additionally, CPAS is designed to be both scalable and adaptable, catering to the diverse needs of organizations, regardless of their size. Its versatility ensures that all users can tailor the system to meet their specific requirements effectively.
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Pension OS
Pension OS, developed by Union.dev, is an innovative software solution for pension administration that simplifies the management of union pensions across various plans. This platform features a centralized database that tracks exhaustive details for every member, whether they are currently active or have left, which allows administrators to swiftly update contact details, manage dues, and handle beneficiary processes while maintaining a thorough audit trail for all modifications. It accommodates a variety of plan types, including defined contribution, defined benefit, multi-employer pension plans, and Taft-Hartley plans. The robust system incorporates a modern cloud database, customizable workflows, security-focused permissions and approvals, tailored reporting options, payment integrations, instant statements, and a comprehensive audit trail. Additionally, Pension OS enables smooth transitions for its members, facilitating the quick processing of retirements, terminations, or deaths with minimal effort, and ensuring that the administrative burden is significantly reduced. With its user-friendly interface and powerful features, Pension OS stands out as a leading choice for unions looking to modernize their pension management processes.
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Integrations
No Integrations at this time
Company Details
Company:
Milliman
Year Founded:
1947
Headquarters:
United States
Website:
us.milliman.com/en/products/marc
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
Webinars
In Person
Training Videos
Customer Support
Business Hours
Online Support
Milliman MARC Features and Options
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