A comprehensive pension administration system
The Milliman Actuarial Retirement Calculator (MARC™), our powerful yet flexible pension administration system, smoothly performs the tasks required for accurate and efficient administration of defined benefit plans. Technically advanced and exceptionally cost-effective, MARC is one of the industry's leading retirement administration and planning tools.
Comprehensive
MARC can perform benefit calculations for Final Average Pay, Benefit Rate, Cash Balance, Employee Contributions, Milliman SIP, DROP, SHARE, and more. MARC has standard capabilities for public plans and their unique plan features. The calculations, reports, forms, data, web pages, and workflow processes are all fully customisable.
Participant communications
MARC increases employees’ understanding and appreciation of your company’s overall retirement program. The participant website offers employees the ability to view data, perform self-service functions such as adding a beneficiary, upload or download forms and documents, contact the plan sponsor, run pension estimates, and perform total retirement modelling.
Benefit calculations and forms
MARC has a calculation engine capable of running individual and batch calculations that can all be stored to the participant’s record. MARC contains a comprehensive set of standard reports including benefit statements, benefit estimates, final election forms, and more.
Data management
Data validation ensures data quality is maintained. The Database includes an audit trail and document storage. The system can include an actuarial valuation data extract. Updates can be made through automated payroll imports. An ad hoc data export tool, advanced search and filter capabilities, and custom workflow processing features are all available.
Security
Simplify member logins with Single Sign-On and protect member information with Multi-Factor Authentication. Multiple security settings can be configured to meet your security standards.
What sets MARC apart
Multifaceted
MARC offers data storage, data imports & exports, benefit calculations, task & document management, and a website for participants in a single system.
Cost effective
MARC is a more affordable but highly proficient alternative to other systems. Built-in flexibility means that plans of any size can cost-effectively utilize MARC’s capabilities.
User-friendly
MARC’s streamlined and intuitive user interface makes it easy to use. In-depth help is provided for every web page.
Flexible
Pension plans are not one-size-fits-all. The MARC websites and forms are fully customizable so the unique features of your plan are appropriately handled within the system.
Cloud-based
MARC websites are securely hosted and can be accessed via the Internet or a company intranet.
Trustworthy & reliable
MARC is built and continuously updated and enhanced by a team of highly experienced Milliman actuaries, retirement plan consultants, and systems analysts.