Pension administration is often plagued by inefficient processes, which lead to time wastage, errors and opaque data. As businesses look for ways to cut costs, managers begin to challenge the current pension administration methodologies, which is where the search for new software begins.

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A Software Company

With Deep Pension Knowledge

Penad Pension Services Limited has been developing leading-edge pension administration solutions for private company pension plans, multi employer plans, banks, insurance companies, and investment management companies since 1983.

As a supplier of third-party pension plan administration, consulting, and actuarial services to plan sponsors across Canada and internationally, Penad possesses an enviable understanding of pension plans. We utilize this knowledge extensively when engineering our proprietary software. The methodologies we develop are first used on our own book of business, so our software clients get the benefit of systems designed by pension administrators for pension administrators.

PX3000^TMis Penad's core software solution, featuring end-to-end Defined Contribution (DC) and Defined Benefit (DB) pension administration functionality, as well as Life & Health (LH) benefits administration and Human Resources (HR) management.

PX3000^TM was built from the ground up to administer pension plans worldwide and, being rules driven, can accommodate an extensive variety of pension plan types in multiple jurisdictions.

PX3000^TM is scalable for any size of plan, or book of business, and is fully Internet aware to permit access by members and employers.

If you are looking for software to meet your pension administration requirements, look to Penad. We have deep experience and want to be your partner in pension administration success.