Best Pension Administration Software for Cloud
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Compare the Top Pension Administration Software for Cloud as of June 2025
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What is Pension Administration Software for Cloud?
Pension administration software is software designed to manage and streamline the administration of retirement plans, ensuring compliance with regulations and efficient processing of benefits. It automates key tasks such as contributions tracking, benefit calculations, member record management, and payment processing. The software enhances accuracy by reducing manual errors, improving data security, and providing real-time reporting and analytics. It supports various pension plan types, including defined benefit, defined contribution, and hybrid plans, adapting to the needs of plan sponsors, administrators, and beneficiaries. With integrated self-service portals, it empowers members to access their pension details, make updates, and simulate future benefits, improving transparency and engagement. Compare and read user reviews of the best Pension Administration software for Cloud currently available using the table below. This list is updated regularly.
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PX3000
Penad Pension Services
PX3000 by Penad is a comprehensive pension administration software platform that delivers a complete administration of all types of benefits and pension plans. Secure, scalable, and equipped with a robust reporting functionality and self-serve access, PX3000 helps financial institutions track and serve individuals or group pension accounts made up of a range of savings types. Penad’s PX3000 solution comes with a host of features such as a dedicated Human Resources Administration (HRMIS) module, retirement plan management, retiree administration, group life and health benefits administration module, and more. -
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Alight
Alight Solutions
While cloud-based technology has simplified a lot of what you do, your team may still be stretched. Our HR services allow you to automate and relinquish time-consuming tasks, so you can focus on what matters, becoming a more strategic business partner and delivering the best experience to your people. Our service centers, chat services, and self-service request portals ensure reliable HR is in reach with language accessibilities and tailor-made systems and processes. Whether your employees have serious challenges, less-pressing questions or need help navigating your systems, consider it taken care of. Your HR platform successfully helps manage employees, but do your processes leverage the technology in the right way? We go beyond taking care of day-to-day admin to pinpointing where processes could be improved and analyzing what data and trends say about your people. Increasing utilization and satisfaction with an integrated benefits platform. -
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SpyGlass
Beacon Technologies
SpyGlass, our enterprise-class health claims management software, offers a powerful, flexible solution for precise and timely claims processing. SpyGlass makes benefit and plan setup remarkably straightforward. BenefitDriven, fully-integrated with SpyGlass, delivers eligibility, contribution accounting, and pension management to the Taft-Hartley industry with the full range of data and processes for Participants and Employers. HIPAA Director, our all-in-one EDI gateway & scheduler, works as a hub by allowing you to directly connect with vendor partners to help avoid transaction costs, manage batch transfers, and automate transfers. SpyGlass provides a deep, landscape view of your population, with the ability to easily drill down to the higher resolution details. Hundreds of unique reports, fully customizable dashboards, and total control over your system are at your fingertips. -
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The Pension Administration System is comprised of a calculation engine, data management program, report writer and development platform for use by plan sponsors, third party administrators, and benefits consultants. It models complex benefit plans through parameter definitions, pre-programmed business objects and rules-based entry points tailored to meet any defined benefit administration requirements. The system uses N-tier architecture, which partitions the application into distinct layers, enabling a flexible, building-block approach to design and growth as well as fast, cost-effective integration with existing client infrastructures. The Pension Administration System is customized to automate all pension administration functions without complex programming. Below is a list of some of the functionality (processes) that is available in the system.
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Procentia
Procentia
Our software delivers world class automated pensions administration. Procentia is an independent company specializing in pensions software. Procentia is a global leader in pensions software. We work closely with clients to deliver a flexible, reliable, high value solution to pensions administration. Our global reputation is based on the excellence of the pensions software, on our commitment to customer service, and the experience of our staff who are specialists in the pensions and financial services industry. The client stories show the benefits that our clients and their customers have achieved from implementing Procentia’s software. Our implementation and support teams of specialist developers are drawn from within the pensions and financial services industry. Online knowledgebase resources, issue resolution and tracking facilities at your fingertips 24 hours a day. -
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Milliman MARC
Milliman
The Milliman Actuarial Retirement Calculator is a comprehensive pension administration system designed to facilitate accurate and efficient management of defined benefit plans. Developed in 1991 by a team of experienced Milliman actuaries, retirement plan consultants, web developers, and IT professionals, MARC offers a robust platform that calculates pension benefits and stores all necessary data for plan administration. Its flexible architecture supports various plan types with fully customizable calculations, reports, forms, data, web pages, and workflow processes. MARC enhances participant engagement through a user-friendly website that allows employees to view personal data, perform self-service functions such as adding beneficiaries, uploading or downloading forms and documents, contact plan sponsors, run pension estimates, and conduct total retirement modeling. -
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SLOPE
SLOPE
Slope Software offers a modern, cloud-native actuarial modeling platform designed to streamline complex financial projections and analyses. The platform provides code-free, visual model development with real-time formula validation, enabling actuaries to build transparent and flexible models efficiently. It features a pre-built library of assets and liabilities, facilitating the development of complex products with ease. Slope's high-performance mode accelerates projection results up to ten times faster, allowing users to uncover key insights promptly through dynamic reporting functionality. The platform also includes robust assumption management, enabling the aggregation and management of data from upstream sources to build robust assumptions. With its API and Snowflake integration, Slope automates routine processes and allows querying of actuarial output alongside other vital company data for better business insights. -
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Pension OS
Union.dev
Pension OS is a modern pension administration software developed by Union.dev, designed to streamline the management of union pensions and multiple plans. The platform offers a centralized member database that maintains detailed records for all members, both past and present, enabling administrators to efficiently update contact information, manage dues, and process beneficiaries with a comprehensive audit trail for each change. Pension OS supports various plan types, including defined contribution, defined benefit, multi-employer pension plans, and Taft-Hartley plans. Its feature-rich system includes a modern cloud database, customizable workflows, security-based permissions and approvals, customizable reporting, payment integrations, instant statements, and a full audit trail. The software facilitates seamless transitions for members, allowing quick processing of retirements, terminations, or deaths with just a few clicks. -
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PensionPro
PensionPro
PensionPro is a cloud-based software solution designed to optimize operations for Third Party Administrators (TPAs) by streamlining plan administration, client communications, and business processes. The platform offers three distinct tiers, TRACK, TEAM, and BUSINESS, each tailored to meet varying organizational needs. TRACK serves as the entry-level tier, providing essential features such as Client Relationship Management (CRM), a Plan Cycle Milestone Dashboard, and standard reporting capabilities. It also includes access to PlanSponsorLink.com, a secure portal for efficient information exchange between administrators and clients. TEAM builds upon TRACK's functionalities by adding online data collection, time tracking, blast email capabilities, fee schedule management, and integration with ftwilliam.com for forms and compliance. This tier is designed to consolidate and organize operations, enhancing internal workflows and profitability. -
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Visma Idella
Visma Idella
Visma Idella offers innovative software and services for the financial sector in the Netherlands, focusing on pension administration, disbursements, and social provisions. Serving over 4.3 million Dutch pension participants and processing €2 billion in monthly disbursements, Visma Idella provides cloud-based, modular, and scalable solutions that ensure compliance with (inter)national regulations and security standards. As part of the international Visma Group, the company adheres to stringent cybersecurity, privacy, and compliance requirements. Technology is an essential part of the digitizing financial sector. Visma Idella is ideally suited to solving complex problems and creating demonstrable added value. Our passion lies in designing and realizing perfectly suitable software for financial institutions. -
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Equiniti Retirement Solutions
Equiniti
Equiniti Retirement Solutions offers comprehensive software and platform solutions designed to transform pension administration through innovation and digitization. With over 187 years of experience in the retail and workplace wealth, life, and pension markets, EQ provides technology that is fit for the future, aiming to reduce ongoing costs, drive efficiency through process automation, and minimize regulatory risk. Their proprietary administration platform, Compendia, ensures a seamless user experience, offering features such as automated benefit calculations, document management, and member self-service portals. For Local Government Pension Schemes (LGPS), EQ's Compendia LGPS is specifically tailored to meet the unique needs of public sector pension administration, providing workflow automation, online member services, and real-time management information. Additionally, EQ offers robust data solutions to reduce risks associated with poor pension scheme data. -
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Neospin
Sagitec Solutions
Sagitec’s Neospin™ pension administration software is a fully integrated, browser-based software system with comprehensive functionality for administering pension benefits. Sagitec Neosurance ™ is a fully integrated, browser-based application providing comprehensive functionality for unemployment insurance, disability insurance, and paid family leave. Sagitec HealthConnect is an enterprise SaaS platform for Medicaid member engagement, empowering your members to engage in their health. It is deployed on HITRUST certified Microsoft’s Azure cloud. Xelence™ is Sagitec's low-code/no-code platform. It is a visual software development environment that allows citizen developers and IT professionals to design, test, and deploy complex applications. Build simple consumer to complex enterprise applications without traditional programming. It is a visual environment, offering drag and drop features, and incorporates in-built enterprise architecture. -
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PENFAX
JEA
PENFAX is our pension technology solution, which is comprised of four core products. These solutions are built on scalable technology with flexible configuration options designed to suit your business. Together, our administration system provides accurate calculations no matter how complex your pension rules might be, while our portal products can be configured to align with the unique needs of your plan members and employers. The *PENFAX Admin System is a series of modules designed to facilitate pension administration and is trusted to help administer the most complex plans. With a powerful and flexible rules-driven calculation engine, the scalable system can be configured to perform simple or highly complicated calculations, whether your plan membership is 1,000 or 1,000,000. Our team of experts will work closely with you to understand your needs so that PENFAX is configured to run efficiently for you and your business. -
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V3locity
Vitech Systems Group
V3locity®, Vitech’s cloud-native administration, engagement, and analytics platform, is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities. It marries core administration with a revolutionary digital experience. Its modular design enables flexible, agile deployment strategies. V3locity employs an advanced, cloud-native architecture that leverages the unique capabilities of AWS to deliver a solution with unparalleled security, scalability, and resiliency. -
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Avenu CPAS
Avenu Insights
Avenu Insights & Analytics offers CPAS (Clearview Pension Administration Solution), a comprehensive, web-based pension administration system designed to modernize retirement plan management for government and private entities, including union trusts, third-party administrators, and financial institutions. With over 35 years of excellence and implementations across four continents, CPAS supports defined benefits, defined contributions, hybrid pension plans, and health and welfare plan administration. The platform provides integrated administrative functionality, business workflow processes, self-service portals, and data management capabilities, enabling administrators to access a holistic view of member records and deliver exceptional service. Members benefit from secure, personalized self-service portals equipped with retirement modeling, planning, and calculation tools, allowing proactive future planning. CPAS is scalable and configurable for organizations of all sizes. -
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Civica Pensions
Civica
Civica's Universal Pensions Management (UPM) is a comprehensive, cloud-optimized pension administration solution designed to enhance member services and streamline operations. UPM integrates pension administration, document management, and payroll into a single platform, offering cutting-edge process automation to reduce administrative costs and improve data quality. The system features custom-built member online' and 'employer online portals, promoting advanced digital transformation and self-service capabilities. UPM also provides powerful integration with leading industry solutions for bank validation, identity, and document verification. The platform supports over 100 schemes, managing more than £43 billion in funds and serving 3.5 million members. Notably, four of the top five local government pension schemes have achieved the lowest cost of 'per-member administration' using UPM. -
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PensionGold
Levi, Ray & Shoup
Our PensionGold® software is the most innovative and advanced pension administration solution available today. Designed for today’s emerging web technologies, PensionGold is a browser-based retirement solution with comprehensive features tailored specifically for defined benefit pension plans. This fully integrated pension administration software is built using the knowledge, insight and experience we have acquired over the past three decades. Configurable. Flexible. Scalable. PensionGold is built upon our proprietary Enterprise Solutions Foundation (ESF) platform. ESF is a multi-tiered, service-oriented architecture (SOA) that not only powers the run-time of PensionGold’s robust feature set, but also provides the design-time configuration tools used to efficiently implement our customer’s unique and changing business requirements.
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