Pension Reports

There are three types of pension reports:

• Calculation result reports.

  Calculation result reports include the non-detailed calculation worksheet, the calculation worksheet, and the social security worksheet.

• Participant letters.

  Participant letters help you communicate with employees. Several sample letters can be modified to meet organization requirements.

• Data extracts:

  • Actuarial valuation.

    The actuarial valuation extract contains data that your actuary needs to determine plan liabilities. The extract has two parts: the "active" extract, for those whose benefits are still accruing, and the "inactive" extract, for those who are owed benefits, but whose benefits are no longer accruing. Employees appear in one or both of these files, based on their pension status codes and the rules you define for categorizing those codes.

  • Form 5500.

    The Form 5500 Participant Count report tallies participants, based on their pension statuses. It helps you meet the Form 5500 reporting requirements.

  • Trustee extract.

    The trustee extract contains all the retiree payment information for a specific pay run. You give this to the third-party trustee who creates your pension checks.