Union pension plans face increasing pressure from funding gaps, regulatory requirements, and outdated participant data. These challenges create risk across compliance, benefit accuracy, and long-term plan stability.
Recognizing these critical challenges, Abacus Intel uses a proactive strategy, employing our proprietary software, refined processes, and superior data sources to swiftly rectify participant data inaccuracies, ensuring pension plan record integrity.
Abacus Intel leads by using advanced technology, expert processes, and high-quality data to solve complex data challenges unique to union pension plans.
Designed for multiemployer environments, our solutions address issues like outdated participant records, missing beneficiaries, and delayed mortality reporting. By leveraging a multi-source data approach, we help plans improve accuracy, reduce overpayments, and strengthen compliance, supporting long-term financial stability in an increasingly regulated landscape.
MVerify® confirms participants’ mortality using databases and obituaries, ensuring accurate records and preventing fraud.
LifeVerify uses mail, phone outreach, and a detailed audit trail report to comply with Department of Labor and IRS guidelines for locating participants.
BeneVerify reunites missing relatives with entitled benefits post-participant’s mortality, using commercial databases and thorough investigations.
