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MARC is a proven pension administration system with powerful tools for employers and their participants
Milliman Actuarial Retirement Calculator
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.
The MARC system calculates pension benefits and stores all data necessary to administer your plan. Since 1991, MARC has been developed, supported, and continually enhanced by a team of highly experienced Milliman actuaries, retirement plan consultants, web developers, and IT professionals.
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.
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.
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 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.
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.
MARC offers data storage, data imports & exports, benefit calculations, task & document management, and a website for participants in a single system.
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.
MARC’s streamlined and intuitive user interface makes it easy to use. In-depth help is provided for every web page.
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.
MARC websites are securely hosted and can be accessed via the Internet or a company intranet.
MARC is built and continuously updated and enhanced by a team of highly experienced Milliman actuaries, retirement plan consultants, and systems analysts.
Maximise the value of pension benefits to participants using our decades of experience, flexible software tools, and disciplined process.
Meet your goals and business objectives in the face of constantly shifting markets and regulations.
Get the best of both worlds with an innovative retirement plan design combining the benefits of defined benefit and defined contribution plans.
Implement a comprehensive, strategic approach to ensure participant benefits are paid while reducing costs.
OTTER allows employers to communicate employees’ personalized benefits and pay information all in one place.
Motivate and retain employees by linking pay to performance and finding the best balance of benefits and salary.