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PLAN TYPES
  • Accommodates both Traditional and Cash Balance Plans.
  • Supports both Qualified and Non- qualified plans.

PAYEE TYPES
  • Tracks benefits for retired, disabled, terminated vested or active participants.

PAYMENT TYPES
  • Calculates payments for all normal and optional forms, including joint & survivor annuities, modified cash refunds, social security leveling and pop-up annuities.
  • Automatically adjusts payments as necessary upon the death of the retiree or beneficiaries.

INTUITIVE DISPLAY
  • Payees are grouped by status (Active, Retired, Terminated Vested).
  • Beneficiaries and Alternate Payees are associated with the appropriate benefit.
  • Multiple Beneficiaries and multiple Alternate Payees can be associated with each benefit.
NET PAYMENT CALCULATION
  • Benefit amounts are calculated for participants, benefi-ciaries and alternate payees in one automated process.
  • Fees and deductions are applied as assigned by the Plan.
  • Federal and State taxes are calculated.

PAYMENT ADJUSTMENTS

  • Allows entry of a one-time payment which will be added to the participant’s next scheduled payment.
  • Allows a permanent adjustment by dollar or percent to be made at the Plan or Benefit level.
  • Enables the recovery of inadvertent overpayments.
  • Collects garnishments
PAYMENT ADJUSTMENTS

  • A history of all payments by benefit or participant is displayed on screen, searchable by date range.
  • Detailed history of deductions and taxes is displayed with one mouse click.
  • A searchable history of adjustments is also displayed.

Lynchval Systems Worldwide Inc. provides and supports LVxact, the most comprehensive, technologically advanced pension, OPEB product and service suite available on the market today.

LVxact expert actuarial solutions suite
PRODUCTS
LVval for pension valuation
LVmed for OPEB valuation
LValm for asset liability modeling
LVadmin for defined benefit administration 		 
LVa4 for 401(a)(4) cross testing
LVpacs for pensions accounting and control
LVobj for administrator / participant interface
LVdc for defined contribution
CONSULTING SERVICES
Service Bureau
Technology Consulting
Web Hosting 		 
OPEB–FAS / GASB
Pension Actuarial
Plan Conversion
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