What Our Clients Are Saying

Thoroughly Impressed

"We have been thoroughly impressed by SBC’s level and speed of responsiveness during our initial implementation as well as during our ongoing support. Our conversion went smoothly due to the highly skilled implementation team at SBC. They were able to guide us through the conversion with clear project plans and attention to detail. The implementation team in particular was able to help us as a client see the impact of our decisions before we made them and asked us the important questions that we needed to answer in order to have the most comprehensive system possible. "
Senior Pension Consultant, Presbyterian Healthcare Services

Defined Benefit Solution

Lifeworks’ Defined Benefit solution manages all aspects of pension plan administration. The platform tracks employees through their entire work cycle: from date of hire, through active employment, to retirement and payment initiation.

Manage employee data

The system captures demographics, salary and service history, breaks in employment, departure and benefits commencement dates, and employee-generated retirement calculations. All data is housed centrally so no matter how it is accessed, information always will be presented accurately and consistently.

Centralize grandfathered plans

You can administer as many retirement plan types as you need to, including cash balance, final average salary, flat dollar, step-rate integration and career average plans. We make managing grandfathered plans effortless.

Compare distribution options

Which choice is best for an individual employee? You or the employee can model lump sum versus annuity, calculate optional annuity forms, and compare these options side-by-side. Lifeworks also generates a retiree payroll or check file with related deductions for trustees.

Create the reports you need

See the big picture with Lifeworks’ reporting features: minimum eligibility and participation, Form 5500 filing information, and any custom reports you need. The system also provides individual employee statements and valuation data for your actuary.