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. The system is a client server based application, which has a unique rule-based structure that supports sophisticated and complex plan designs.

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
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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

VPAS® BPA Platform

     


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