System Demonstration

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Or click to advance to individual chapters:

System Layout and Navigation

Plan Level Screens

Source Level Screens

Employee Level Screens

Reports

EMPLOYEE BENEFIT SYSTEMS, INC.

Part 1: System Layout and Navigation

There are generally three ways to accomplish any task in the Pension System.The choice is yours!

Click on any screen name on the Folder View “tree”

to go directly to that screen.

1.Folder View

2.List Bar

Additional List Bars take you to Activities,

Calculations,and Reports.

3.The Command line

Just a few of the commands:FileUser-friendly Import/Export utility

lets you build data handling templates.

Instantly retrieve recently accessed plans.

Gotakes you directly

to screens

Hey, Hot Key fans:Did you notice our hot keys?

Besides letting you “Calc the Plan,” Calculations includes…

Loan Amortization program &Rate of Return calculator

Choose from dozens of reports in the followingcategories: Proposals Valuation Discrimination Testing Participant Statements and more.

Or use the optional Report Writer to create your own!

If you are at the Plan Level, the Search Tool helps you find a plan

Search string Finds sponsor

Pick a plan

Pick a Plan Year

In addition to these navigation methods,the Pension System has a Tool Bar to speed access to commonly used Functions.

If you are at the Employee Level, the Search Tool

helps you find an employee

In the same way, the New Tool will help you add a new

plan or a new employee.

The Calculator Tool lets you process any data entered and determine eligibility and vesting for each employee. It will also update the plan to the next period or year.

EMPLOYEE BENEFIT SYSTEMS, INC.

Part 2: Plan Level Screens

The Defined BenefitSystem has three

main levels.

The Plans Level

The Sources Level

The Employees Level

Information for each Level is organized on screens accessed by horizontal tabs…

with

sub

catego

ries for each

on

vertical tabs.

We will start at the Plans levelwith the

Plan/Sponsor – Plan/Trust screen

We will start at the Plans levelwith the

Plan/Sponsor – Plan/Trust screen

This screen hasbasic identifying information

One of many drop-down boxes

Basic identifying information

Roll cursor overfields for “tool tips” Or press the F1 keyFor detailed Help.

ThePlan/Sponsor – Dates

screen

ThePlan/Sponsor – Dates

screenMost DB plans are processed annually, but if there aremore frequent transactions, they must be set up here. Dates roll forward when the plan is calculated and “Update To Next Period” is selected.

Tracks years in which Plan

was Top Heavy, At Risk,

and the 430(h)(2)(A) EIR

ThePlan/Sponsor – Sponsor

screen

ThePlan/Sponsor – Sponsor

screenNote that you may attach multiple plans to the same Sponsor and the census data is shared by all plans under that sponsor.

TheProvisions – Eligibility

screen

TheProvisions – Eligibility

screen

Set up plan eligibility including:• Computation period• Included and excluded classes • Determination of Years of Service

The Advanced buttonoffers full flexibility indefining eligible groups

TheProvisions – Comp

screen

TheProvisions – Comp

screenHere you define the compensation period…and the component parts of comp that will be excluded.

TheProvisions – Avg Comp

screen

TheProvisions – Avg Comp

screenDefine Average Compensation and the period to which it applies.

Note the “Current Compensation” option…useful for Accumulation Plans.

Check exceptions

to rule.

TheProvisions – Limits/TH

screen

TheProvisions – Limits/TH

screenDefines annual dollar limits and adjustments for Top Heavy plans. Also includes exceptions for Cash Balanceand nonqualified plans.

TheProvisions – Vesting

screen

TheProvisions – Vesting

screenThis is not for the vesting schedules! We’ll find them on the Sources Level. Here we have the requirements for vesting service and the exceptions resulting in immediate vesting… also forfeiture handling.

NOTE: System uses separate definition for eligibility and for vesting.

TheProvisions – Ret

screen

TheProvisions – Ret

screen

Setting the criteria for Normal, Early and PostponedRetirement. Also defines the start date for Minimum Distributions.

TheAssumptions – Pre-Ret

screen

TheAssumptions – Pre-Ret

screen

This screen is used to enter pre-retirement assumptions for determining actuarial equivalent benefits under the plan as well as for funding and FAS reporting.

TheAssumptions – Post-Ret

screen

TheAssumptions – Post-Ret

screenAs with the pre-retirement assumptions, these are used for determining actuarial equivalent benefits under the plan as well as for funding and FAS reporting.

The screen lets the user enter actuarial assumptions that pertain to the calculation of the individual monthly benefit at retirement.  These assumptions will appear on the schedule of benefits.

Normal formof payment

with spousalSetback

Check options allowed by thePlan and enter the probabilities ofelection at retirement.

The funding segment rates may be downloaded from DATAIR’s website each month.

TheAssumptions – 410b/401a4

screen

TheAssumptions – 410b/401a4

screen

This screen sets the plan provisions for non-discriminationand coverage testing including combined plans andCash Balance Plan testing.

TheDB -- Min/Max

screen

TheDB -- Min/Max

screenThe minimum required contribution and the maximumcontribution levels as well as the development of the actuarial value of plan assets are developed and shownon this screen.

The fields in gray are calculated by the system from inputon Plan, Source, and Employee screens. If overridden they turn bright blue as shown above.

TheDB -- Prefunding

screen

TheDB -- Prefunding

screenThe data regarding the Carryover Balance and Prefunding Balance for the prior plan year. This information is used on the Form 5500 Schedule SB and will transfer directly tothat schedule in DATAIR’s Pension Reporter System.

TheDB -- Shortfall

screen

TheDB -- Shortfall

screenShortfall and Waiver amortization installments are entered into the grid. The system then calculates the current year amounts using the amortization factors.

TheDB -- Contrib

screen

TheDB -- Contrib

screen

This screen is the source of Schedule SB attachment data. Enter dates and amounts of current year contributions,carryover and pre-funding balances, plus unpaid contri-butions. Enter proposed date of deposit, and system will calculate pro-posed deposit.

TheDB -- Shortfall

screen

TheDB -- Shortfall

screenThe plan's AFTAP and FTAP percentages are calculated and displayed. Tool tips display the calculations and where the numbers are reported.

EMPLOYEE BENEFIT SYSTEMS, INC.

Part 3: Source Level Screens

TheDB -- Shortfall

screen

TheDB -- Shortfall

screenShortfall and Waiver amortization installments are entered into the grid. The system then calculates the current year amountsusing the amortization factors.

A DB Plan will typically have one source type “Defined Benefit.” You may select additional types for rollovers, Cash Balance Plan hypothetical accounts, and mandatory employee contributions, etc.

TheEligibility -- Participation

screen

TheEligibility -- Participation

screen

The entry requirements to become a participant in this source.

Entry date options

Service crediting

TheVesting – Regular/Top Heavy

screen

TheVesting – Regular/Top Heavy

screenVesting schedules (regular and Top Heavy) are defined on this screen. As we already saw, the vesting service definitions and exclusions are defined at the Plans|Provisions|Vesting screen.

and complete the schedule here

If your plan had a prior vesting schedule, enter

the date here…

TheBenefit – Benefit Formula

screen

TheBenefit – Benefit Formula

screenDefines the Normal Retirement Benefit formula.  This formula and the accrual method selected on the Accrued Benefit tab are used to calculate the accrued benefits under the plan.

We think you will be impressed by the flexibility to design complex

formulas

Choose Graded for any class tiered formula. Define the formula for each class using the fields and

operators below

Choose Accumulation for Cash Balance Plan formulas

EMPLOYEE BENEFIT SYSTEMS, INC.

Part 4: Employee Level Screens

TheCensus – Employee

screen

TheCensus – Employee

screenThe employee census information may be entered on this screen, or imported. Social Security Number and Employee Number are not required unless you import census data. Note that system will determine HCE status unless overridden.

TheCensus – Service

screen

TheCensus – Service

screenYear of Service and hours worked for various purposes are calculated. Overrides may be entered. For participants receiving distributions, details of the payout schedule and amount may be entered.

TheCensus – Addr, etc.

screen

TheCensus – Addr, etc.

screenParticipant address and beneficiary information.

code to identify family members for aggregation rules

For RMD Calcs.

TheCensus – Edit

screen

TheCensus – Edit

screenThis screen is a powerful and friendly utility that lets you quickly create spreadsheet employee listings, data entry forms, and export files.

Step 1.Use the Add button to move field definitions

from Available to Selected.

Step 2.Use the Up and Down

buttons to position fields.

Instantly re-sort the listing by clicking on any column header

Drag this barto freeze columnsto its left.

Enter information for selected employees

Export grid as either an Excel file or

a .csv file

The system lets you input, import, and override payroll data in a variety of ways. Because the employee data is held at the Sponsor level, you only need to import once for multiple plans.

The compensation definitions at the Plan level will automatically calculate the correct comp for each plan for testing and valuation purposes.

These Average Compensation figures are derived from the

compensation history…

…or which may be modified with overrides.

TheSources – Detail

screen

TheSources – Detail

screen

This screen provides a wealth of information on the current and projected accrued benefits that “drive” the Funding Target and Target Normal costs.

Also contains distribution offsets and accrued benefit offsets, and the accrued benefit at Normal Retirement date for late retirees.

The Actuarial Increase box displays the increase in benefit at Normal Retirement Date to get the benefit at Valuation Date.

At the bottom of the screen is vesting information including a button to elect to use the Prior Year Vesting Schedule.

TheSources – DB

screen

TheSources – DB

screen

This screen displays the value of benefits for minimum funding and other purposes most notably the regular and at-risk Funding Target and Target Normal Cost.

You can see how the probable Optional Form of Benefit for this employee determines these funding values.

TheTesting – 410b/401a4

screen

TheTesting – 410b/401a4

screen

The testing compensation, current year allocation, account balance, benefiting status and other pertinent data for testing can be viewed and edited here.  Most of the fields on this screen are calculated based on information entered at the employee and plan level.

You will want to refer to both the Top-Heavy screen and…the 415 Limits screen to understand why any limitations have been imposed on the Sources – Detailed screen.

EMPLOYEE BENEFIT SYSTEMS, INC.

Part 5: Reports

We will briefly describe how to access, modify, and print reports.

The standard and custom reports are

grouped into the seven vertical tabs on the left

side of the Report

Scheduler

Click the box to the left of each report title for one or more

reports. Note that the DB-

specific reports are grouped

below the general reports

in each category.

The tabs on the right side let you control the printing and appearance of the reports

The Select tab lets you display or suppress certain information.

Some reports let you select certain employees.

The Sort tab provides for multiple criteria and levels for sorting employees.

The Printer tab lets you further customize the reportand then choose to print or

save it as a .pdf or word processing file.

Remember: you can Preview all reports before printing!

For more information about

The Defined Benefit System

call DATAIR at

(888) 328-2474

or sales @datair.com