Overview

Valuations & projections for pension and OPEB plans

Used worldwide by pension actuaries & investment professionals

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ProVal Brochure

Build vs Buy

Global

Used in 30 countries

Austria

Belgium

Brazil

Canada Features

Ecuador

France

Germany Video Features

Hungary

Italy

Japan

Korea

Mexico

Netherlands

Puerto Rico

Spain

Sweden

Switzerland

UK Video  Features

US

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Census Data

Complete data screening

• Status reconciliations
• Duplicates
• Missing and invalid values
• Unexpected changes
• Custom screening tests

Powerful data editing

• Importing and merging
• Defining fields by expression and table lookup
• Resolving duplicates
• Change history

Frequency tables and statistical reports

• Age / service scatter charts
• Custom reports

Valuations

Complex benefit formulas

• Pension plans with final average, career average, cash balance, pension equity, floor / offset, project and prorate, and more…
• Medical, life insurance, and disability plans with defined dollar benefits, employer contribution caps, decreasing life insurance, lifetime maximums, and more…

Complex assumptions

• Assumptions by location
• Segment and yield curve interest rates
• Generational and pre/post-commencement mortality

Complete sample lives

Results by individual

Automated sensitivity analysis

Contributions & Expense

Maximum flexibility

• Myriad of options for contribution policy, asset smoothing methods, etc.

Relevant laws and regulations

• Contributions and expense are determined according to the relevant law and accounting standard

Complete workpapers

Forecasts

What-if scenarios

• Economic scenarios (inflation, interest rates, returns, …)
• Future plan amendments
• Changes to contribution or actuarial policy
• Mergers & acquisitions
• Population changes, open or closed group

Integrated assets and liabilities

• Inflation affects both assets and liabilities
• Interest rates connect liabilities, fixed income returns, and lump sum payouts with one another

Deterministic and stochastic forecasting

• ALM, LDI
• Dynamic asset allocation

Report Writing & Output

Report writing

• Integrated report writer with Microsoft Word templates

Custom output

• Compare or combine any number of runs
• Detailed results by benefit, status, subtotal, etc.
• Custom templates for easy reuse

Export for U.S. government forms

Additional Tools

• Gain/loss Analysis
• Experience Studies
• Administration Factors
• U.S. Nondiscrimination Testing
• U.S. Social Security PIA
• Plan sponsor tool – see ProVal PS

Grid Platform

Speed
Substantial speedups of CPU intensive runs by distributing them across a network of computers.

Shared resource
Available to all ProVal users connected to a shared network.

Unlimited local processors
Utilize all local processors. Thus, speed ups don’t require a grid of networked computers.

Grid Platform Installation Guide and System Requirements