Small DB Plan Valuation Software

[Guest pension222]

I am looking for recomendations regarding software to use to value small(<100 participant) defined benefit plans. Could you please give me contact information for the software provider?

I am also curious about what it costs.

Thanks

[AndyH]

There are many options.

One that I used to use when I worked for a smaller firm was Intac Actuarial Services. Contact Max Rosenberg (President). I don't have their website but I know it can be obtained by a search for the company. They are in New Jersey (Ridgewood). Max is a great guy. If you are talking about small company, relatively inexpensive software, please give Max a call. His system should be one of those you consider.

My current company uses a more sophisticated system. Max calls it "big plan software". He's a straight shooter, and his company has been around for a while.

I have no affiliation with them. I just used to use their system, and I recommend it for small plans. Feel free to tell him Andy from RI recommended his system.

[Guest PAUL DUGAN]

I have used Blaze SSI for the last 17 years on Plans ranging from 1 to 500 lives. I am very happy with the system and the service. Their web site is http://www.blazessi.com/. If you are attending the EA meeting they will have a booth.

[David MacLennan]

My impression is that DATAIR is the least expensive for small plan DB software, but I could be wrong since I did not do an exhaustive survey. They also may be willing to "strike a deal" if you have a small number of plans to administer (talk to the saleperson - they seem to have some latitude with fees). I've taken over the admin for over a hundred small DB plans, and I would estimate around half of them had prior actuarial valuations prepared using DATAIR, so it is widely used. The software is DOS based with a wannabe windows-like interface, but the interface does seem quite dated now. They claim that eventually this will be replaced with a Windows based system, but they have been saying this for a number of years (their 5500 software is now Windows based so they are slowly making a transition). I have been generally happy with the DATAIR DB software.