Proposal Software Packages for plan design comparisons?

[stephen]

I am evaluating proposal software for my new firm and am checking into Relius (as that is our Admin Software) and Pension Online. Should I be evaluating others as well?

I am not sure of the cost of Relius or if it is integrated into their administration software. I am printing the information to read through and have requested for a representative to call me to view a demo.

The Pension Online proposal software costs $995 per year. However, there are some flexibility issues per their website. For example, you cannot enter family relationships (you have to code everyone as 100% owner), deferral % have to be entered (not dollar amounts), matching amounts are calculated not entered, at a maximum you can designate two HCE rate groups for cross testing (the system default is one group for all HCE's - if you want an additional group you have to code each person in the census, you cannot allow an HCE to waive participation, ...

Thanks for your input,

Stephen

[Guest quinn the car fixer]

For example, you cannot enter family relationships (you have to code everyone as 100% owner)

you have to do the same with relius. Relius' A4 module is pretty good. I don't think they have added termination date field yet, which would help. It can do keogh solving for a cross tested plan.

don't know about the cost--but i'm sure its more than $995/yr

[rcline46]

We use Pensiononline extensively for DC proposals.

We can enter deferral % or amts.

Can use up to 5 classes any way you want, included a class getting -0- contribution. We have never had more classes for a proposal. And we have had HCE's in all of the classes at various times.

NO proposal system is automatic, and you always want to check you answers, very easy to do with Pensiononline.

Relius proposal is NOT integrated and HORRIBLY expensive.

Relius proposal DEMANDS soc sec nos., pension online does not, a HUGE advantage.

We have yet to find any real good advantage for Relius proposal. Go with pensiononline until Relius gets its act together.

In my opinion of course.

[JAY21]

What is the Pension Online website for those of us that might want to check it out. Thx.

[stephen]

Pension Online

[stephen]

rcline46: Thank you for your frankness. $995 / year seems reasonble for what you get (I worked through a demo yesterday.).

How easy is it to import the census information into Pension online?

Am I correct in interpreting your statement about using the five groups provided by Pension ONline that they can be used as needed and you are not limited to two HCE groups?

With regards to the SSNO's couldn't you just use dummy numbers for the import as they really do not matter for proposal purposes.

Note to all:

I am surprised that Relius proposal is not integrated with their administration software as that would help them considering their foothold in the administration marketplace.

Are there any other proposal packages I should evaluate?