Siebel Finance Guide > Managing Group Pensions >

Administering Group Pension Plans (End User)

End users administer group pension plans by performing the following tasks:

• View available plan funds and investments. End users view which funds and investments are available within a specific group pension plan in the Funding Vehicles view tab. For more information, see To view the funds and investments available within a group pension plan.
• Add eligible plan members. End users can track individuals who are eligible to participate in a group pension plan in the Eligible Members view tab. For more information, see To add eligible plan members.
• Create service requests to track plan administration. End users can use the Service Requests view tab to track general plan administration activities, which includes account value inquiries, changes in participant contributions, and updates to participant contact information. Users can also use this view to track changes to the features and benefits of a specific plan. For more information, see To create a service request associated with a group pension plan.
• Enroll group pension plan participants. End users enroll new group pension plan participants in the Participants view tab. For more information, see To enroll new participants in a group pension plan.
• Record beneficiary information. End users record beneficiary information for plan participants in the Beneficiary view tab. For more information, see To record participant beneficiary information.
• Create activities and notes associated with a group pension plan. For more information, see To create an activity associated with a group pension plan and To create a note associated with a group pension plan.

For more information on defining funding vehicles, see To define funding vehicles for a group pension product.

To view the funds and investments available within a group pension plan

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Funding Vehicles view tab.

To add eligible plan members

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Eligible Members view tab.
4. In the Participants list, add a record and complete the necessary fields.

To create a service request associated with a group pension plan

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Service Requests view tab.
4. In the Service Requests list, add a record and complete the necessary fields.
5. To add further information about the service request, drill down on the SR # link.

To enroll new participants in a group pension plan

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Participants view tab.
4. In the Participants list, add a record and complete the necessary fields.

   NOTE:  In order for Siebel Finance to automatically populate the Employer Match % field in the Participants view tab, you must enter a value in the Class field.

5. In the Allocations form, add a record for each fund or investment option. Select the appropriate funds and investments options from the Pick Funding Vehicle list.

To record participant beneficiary information

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Beneficiary view tab.
4. In the Participants list, select a participant.
5. In the Beneficiary list, add a record and complete the necessary fields.

   NOTE:  Make sure all the values entered in the % field equal 100%.

For more information on adding participants, see To enroll new participants in a group pension plan.

To create an activity associated with a group pension plan

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Activities view tab.
4. In the Activities list, add a record and complete the necessary fields.

To create a note associated with a group pension plan

1. Navigate to the Group Pensions screen > Group Pension List view.
2. In the Group Pensions list, select a group pension plan, and drill down on the plan # link.
3. Click the Notes view tab.
4. In the Notes list, add a record and complete the necessary fields.