VPAS® BPA

Overview

VPAS® Benefit Plan Administration (BPA) is a highly flexible nonqualified benefit plan recordkeeping system that is the basis for the “best practice” services provided by Infosys McCamish. BPA insurance system is a client server based application, which has a unique rule-based structure that supports sophisticated and complex plan designs.

Nonqualified benefit plan recordkeeping can be completely outsourced, or VPAS® BPA can be accessed through our Software as a Service (SaaS) model. Either model provides a complete suite of services with broad 409A plan capabilities, including:

• Liability recordkeeping
• Asset / Liability reporting
• Online enrollment
• Participant website
• Plan sponsor website
• Conversion and consulting services
• Call center services
• Data warehouse
• Data center services
• Standalone or portal integration for website access and branding

Features

Our VPAS® Benefit Plan Administration (BPA) is a client-server based software application providing recordkeeping for the following types of non-qualified plans:

• Deferred compensation plans
• 401 (k) mirror plans
• SERPs
• Split Dollar

The system supports daily and periodic valuation of unfunded plans and funded by life insurance policies and mutual funds. The system provides the following features:

• Rule-based plan definition employing reusable business objects with exception processing defined at the plan version and participant levels
• Interest, vesting, and periodic withdrawal calculation methods and rules defined at the plan level and selected at the plan version, participant, or participant account level – providing the highest degree of plan design flexibility
• Unlimited account capabilities with account names that can be determined by the participant
• Comprehensive financial history of asset and liability accounts
• Quotation of current and as-of account and fund values at participant and plan levels
• Participants can belong to several plans and be tracked with one participant number
• Daily variable income (daily accrual type investments) posting and history at the fund level
• Earnings crediting events initiated at the fund, plan, or participant level