DB Plan
Administration
GRS has provided Defined Benefit (DB) Plan Administration services since 1979 that we designed to meet the needs of our pension plan clients. Our client service team, composed of actuaries, IT professionals, and plan administrators, have decades of defined benefit plan experience. Our solution is built upon licensed software that is nationally recognized and has been successfully implemented at more than 700 pension plans.
We offer pension management software that is designed and built for plan members and administrators. The software assists retirement systems in fulfilling their responsibilities to retiring participants. Your employees can get benefit estimates through a secure password-protected, web-based portal. Employees also have access to the software’s financial planning tool which integrates with social security benefits to give members the option of broadening their retirement-readiness assessment. Plan administrators are able to use the software to finalize benefit calculations and generate reports. As a client, you can be confident that the platform and its programming are well-tested, secure, and supported by actuaries and IT professionals.
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GRS offers flexible service options based on your staffing needs and budget. Our clients have chosen services ranging from pension management software to more all-inclusive plan administration covering retirement processing and meeting attendance. With GRS as your DB plan administration partner, your retired and retiring plan participants are well served.