What’s New in RPC Cash Balance?

 

 

April 1, 2021

 

Patch Update in Census page

 

In Employee Information record, added new options for Overrides in Match Contribution which applies to any Match (Regular Match or Safe Harbor Match) and Safe Harbor Contribution which applies to the Non-elective Safe Harbor. Go to Employee Information to learn more.

 

 

 

November 19, 2020

 

Batch Delete of Plans has been released!

 

Introducing our new facility to "Batch Delete" your plans based on your preferred parameters.  Learn more.

 

 

October 24, 2020

 

UPDATED:  2021 Dollar Limits have been released!

 

 

January 22, 2020

 

UPDATED: 2020 Funding Interest Segment Rates have been released!

 

 

December 03, 2019

 

Patch Update in User Profile

 

Added new facility to Reset your Security Question and Answer in User Profile page. Learn more.

 

 

October 28, 2019

 

Patch Update in Uploading of Census File

 

There was an issue in Census page wherein there are missing class codes when uploading a census file; this has been fixed.

 

 

October 17, 2019

 

UPDATED:  2020 Dollar Limits have been released!

 

UPDATED: 2020 Maximum Contribution for Cash Balance table has been released!

 

Added new facility to upload your census information directly from the RPC - Defined Contribution system. Learn more.

 

 

July 24, 2019

 

UPDATED:  2019 Compensation Table has been released.

 

 

May 8, 2019

 

Patch Update in Contribution Summary Chart Report, DC Plan Employer Contribution Report and Target Normal Cost Calculations

 

 

There was an error in Contribution Summary Chart Report wherein the legend shows incorrect descriptions; this has been fixed

 

In Non-Discrimination Testing Result, a warning message will be displayed when Employer Contribution exceeds the 25% limit

 

There was a bug in Target Normal Cost wherein it shows incorrect calculations; this has been corrected.

 

 

January 14, 2019

 

The Old Cash Balance will be decommissioned on Feb 1, 2019. Start using the New Cash Balance System for an enhanced uploading of census records and upgraded report calculations.

 

UPDATED: 2019 Maximum Contribution for Cash Balance table has been released!

 

UPDATED: 2019 Funding Interest Segment Rates have been released!

 

 

December 14, 2018

 

Patch Update in Cash Balance tab of Plan Specifications:

 

In Cash Balance tab of Plan Specifications, the default value for Combined Mortality Table has been changed to "Yes" option.

 

 

 

December 6, 2018

 

Patch Update in Target Normal Cost Report

 

There was a bug in Target Normal Cost Report whereby the value in Actuarial Equivalence formula shows incorrect calculations; this has been fixed.

 

 

October 22, 2018

 

UPDATED:  2019 Dollar Limits have been released!

 

 

July 23, 2018

 

The New Cash Balance System will be released very soon!

 

In the coming weeks we will be decommissioning the old Cash Balance website, you may start using the New Cash Balance System.

 

To access the New Cash Balance System, go to the Home page, click the "Upgrade New Cash Balance System" button. Learn more.

 

 

 

April 19, 2018

 

Patch Update in Owner Only Plan Analysis

 

There was a bug in Contribution Report Analysis wherein the Earned Income for Combination Cash Balance/401K shows incorrect calculations; this has been fixed.

 

 

December 1, 2017

 

UPDATED:  2018 Compensation Table has been released.

 

 

November 8, 2017

 

UPDATED:  2018 Dollar Limits have been released

 

UPDATED:  2018 Maximum Contribution for Cash Balance table has been released

 

Patch Update in Census page

 

In Census page, the incorrect display of columns when using Google Chrome has been fixed.

 

 

June 14, 2017

 

Patch Update in Census page and Employee Information record

 

In Census page and Employee information record, the classes are now arranged alphabetically. 

 

 

June 5, 2017

 

Patch Update in HCE Determination, Classes, Plan Provision and Contribution Reports

 

In Employee information, when "Owner?" was changed from "Yes" to "No" and click Save, it reverted to "Yes"

 

In the Census, updating an owner to have an Ownership Percent greater than 5% made the owner an HCE but any participants with the same Family Code were not flagged as HCEs

 

In Classes, the first three classes (A, B, and C) cannot be renamed or deleted; any class that is not applied to participants will be excluded from the Plan Provisions Report

 

In Plan Provision Report, the incorrect display of class percentage value has been fixed

 

In the Plan Contribution Report, the contribution pie chart now includes non-owner principal deferrals.

 

 

March 8, 2017

 

Patch Update for Non-Discrimination Testing Result

 

Issues in ABPT and Minimum Participation Reports when exporting to excel format have fixed.

 

 

January 19, 2017

 

Patch Update for Last Year Earnings and Segment Rate selection

 

Last Year Earnings will default to Current Year Earnings if left blank in the census

 

Segment rates will be automatically selected based on Plan Effective Date.

 

 

December 29, 2016

 

UPDATED:  2017 Dollar Limits have been released.

 

 

October 7, 2016

 

Patch Update in Owner Only Report Calculation

 

Owner Only age miscalculation has been corrected.

 

 

August 4, 2016

 

Help System in Classes, Census and Worksheet Reports have been published.

 

 

July 27, 2016

 

2016 Maximum Contribution for Cash Balance table has been released.

 

 

July 8, 2016

 

NEW Help Files (system documentation) have been published; just click on  (on the top menu).

 

 

June 15, 2016

 

NEW "Worksheet" for Rate Group Test has been released!!  - This tool is used to display and identify how many number of NHCE's needed to add to PASS this rate group test.  Learn more.

 

 

March 21, 2016

 

Patch Update for Rate Group Testing Report

 

Rate Group Testing sorting has been updated to correspond to the HCE and NHCE ratios for each group

 

Other bug fixes and improvements.

 

 

December 30, 2015

 

Patch Update for for 2016 Dollar Limits, Password Reset and New Worksheets on Minimum Allocation Gateway

 

Updated 2016 Dollar Limits have been released

 

Issue concerning "Forgot your password?" has been resolved

 

New Worksheet for Minimum Allocation Gateway

 

Other bug fixes and improvements.

 

 

August 12, 2015

 

Patch Update for Census Template Uploading and Exporting, ABPT Worksheet and Top Heavy Calculations

 

Several bugs in Average Benefits Percentage Test Worksheet and Top Heavy Calculations have been fixed

 

Enhanced Census template uploading and exporting includes formatting and data entry validations.

 

 

July 8, 2015

 

NEW "Worksheet" for Average Benefit Percentage Test -  Another powerful tool to optimize your test results, now for the Average Benefit Percentage Test.  Select the  button from the test results page for the new interactive test.  Make changes, see the results, and even apply your changes from this single Worksheet page.  Learn more.

 

 

March 30, 2015

 

NEW "Worksheet" for Minimum Participation Test -  Introducing a new tool to help you analyze and tweak the Minimum Participation Test Result.  We have replaced the  button next to the Minimum Participation Test with the button in Non-Discrimination Testing Result.  Click on it and you'll get the above worksheet.  Learn more.

 

 

March 25, 2015

 

NEW "Eligibility" options:

 

24 months for minimum service

 

Choose your own Plan Entry: Annual (PYB), Semi-Annual, Quarterly, Monthly, or Immediate.

 

 

March 9, 2015

 

NEW "Census Template" -  an enhanced census template that is designed to allow you to upload the same census file to both the RPC and RPC Cash Balance. If you subscribe to both RPC and RPC Cash Balance Systems, you can use the same Excel File and compare a Cash Balance proposal against a New Comparability proposal.

 

Note:  More extensive data validations have been added. Remember, when you're cutting from another excel file to this template, be sure to paste values only.  Do not include the formatting from the file you're copying from.

 

 

November 27, 2014

 

IMPROVED HCE/NHCE Override:  You can easily identify the overridden HCE/NHCE and calculated HCE/NHCE in Employee Lists

 

NEW "Top Heavy Test." A warning has been added whenever a Non-Key Employee has a Profit Sharing allocation of less than 5%.  This warning applies to Top Heavy Plans and most combination plans are Top Heavy.  (We assume that participants making $170,000 or more are Officers and therefore Key)
 

 

October 20, 2014

 

UPDATED:  Projected 2015 Dollar Limits are now in the system

 

NEW FEATURE:

 

oTesting Age - added a new field that will be used for Non-Discrimination testing if the 401(k)/PS Retirement Age is greater than the Retirement Age for the Cash Balance plan

 

IMPROVED Census Interface:  Employee Edit improved for easier adding and editing of participants

 

IMPROVED Test Results on Rate Group Test and ABPT Test.  Shows simplified status when Rate Group is Passed at 70% and when ABPT is N/A (Not Applicable).

 

 

September 15, 2014

 

NEW FEATURES:

 

oUpload your Logo - you can now upload your company logo, which will appear on the report cover pages and the owner only reports. Learn more.

 

oSearch plans by company name - an enhanced plan directory filter allows you to find your plans quickly and easily

 

oOption to include Owners' deferrals in Employer Cost - this new feature allows you to include the owners' deferral and catch-up contributions in the Employer Cost calculation. Learn more.

 

IMPROVED SECURITY FEATURES:

 

oSecurity Question - this replaces the "security code" to authenticate, validate and secure your information

 

oPassword Reset Notification - you will be notified by email when your password is reset

 

oCaptcha Challenge - mitigates malicious hacking attempts on your account

 

oImproved Password Encryption - an upgrade to our current password encryption for greater security.

 

ALL NEW Login Page - we’ve updated the login page with a brand new look and enhanced security and password reset utilities

 

IMPROVED Cash Balance User Interface -  our improved and simplified interface is more intuitive and user-friendly

 

IMPROVED Stability and System Performance  -  users will experience faster calculation and report generation, and encounter fewer errors.