Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-08-29
1999-12-07
Voeltz, Emanuel Todd
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, 705 37, 705 4, G06F 1760
Patent
active
059999179
ABSTRACT:
An automated system for managing the assets and liabilities of Non-Qualified Deferred Compensation (NQDC) plans. This system uses information from money managers, insurance and annuity carriers, plan sponsors and plan participants to track and report the assets and liabilities of NQDC plans on a daily basis. The system interfaces with fund managers and insurance and annuity carriers via modem links and with plan sponsors and participants via modem, fax or automated voice response units. The system calculates the value of the liabilities of the plan, the value of the assets of the plan and produces a report comparing the status of each on a daily basis. The system reviews the balance and levels that the sponsor has provided and determines whether changes in asset allocation are required. If changes are required, the system either provides the relevant information to the plan sponsor or directly to the asset manager, whether it be a mutual fund, insurance policy, or annuity that needs adjustment. The system also projects asset and liabilities into the future, further providing relevant information to the plan sponsor on a near real-time basis.
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DATAIR Defined Contribution/Defined Benefit Pension Administration System Manual, revision Apr. 1991, DB.
DATAIR Defined Contribution System User Manual, revision Mar. 1994, 6.1-1.
Facciani Andrea Marie
Facciani Gerald
Gilje Mark
Khodara Jean-Philippe
Koppes Seth
Bancorp Services, L.L.C.
Hayes John W.
Todd Voeltz Emanuel
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