• HSBA has the ability to manage all types of defined benefit & defined contribution plans - from the simple to the complex - configured specifically to your unique plan rules.

• We can automate the rules for every aspect of your plan:
  • Eligibility
  • Compensation
  • Credited Service
  • Early retirement factors
  • QDRO processing 
  • Direct deposits
  • Disability retirements
  • PBGC premiums

  • Contributions
  • Vesting
  • Optional forms of payment
  • J&S factors -50%, 75%, etc.
  • Tax processing – 1099’s
  • Special deductions for H&W, etc.
  • Breaks in service / forfeitures
  • Deceased pensioner search 
    
• We have the ability to produce annual (or more frequently, if desired)
  pension benefit statements.
  
  
• We can run on-demand calculations in real-time for participants. Real-time estimates can also be performed at the union offices and by participants via web-based applications.
  
  
• HSBA’s systems can easily handle rules for special plan provisions such as grandfathered benefits, minimum benefit formulas, special early retirement rules, 13th checks, COLA adjustments, etc.
  
  
• We can also manage contributory plans, maintain separate participant accounts, transfer data to existing record keepers, etc.