Plan IS™ is an individual participant level record keeping system for administering all types of defined contribution retirement plans. Plan IS™ supports conventional commingled account and participant directed account plans with ease. It can be used to administer SEPs, KEOGH, profit sharing, money purchase, ESOPs, 401(k), Section 457 Deferred Compensation, Section 403(b) and other retirement plans.
It is for use by administrators of employee retirement plans such as third party administrators, life insurance company pension administrators, accounting and law firms, bank trust departments, private employers who administer their own plans, and others.
When used with its companion product, Benefits IS™, a system for flexible benefit (cafeteria) plans, the two systems are integrated so that employee data entered for one system is available in both. Another companion product, Trust IS™, provides the plan (employer) level accounting including full asset management and reporting.