AFS Master System^® Administration Functionality

The Anniversary Report

One of the biggest components of inforce plan administration is the need to create a variety of summary-level reports for multi-life plan administrators. The AFS Master System addresses this need with its powerful Anniversary Report, which allows you to create customized summary reports.

The Anniversary Report provides a single line summary of insurance and/or benefit information for each participant in the plan. More importantly, you have complete control over the information as well as the plan year you would like to summarize. The Anniversary Report uses not only all of the available columns for Individual and Composite Reports, but also has additional report-specific columns. The format of this report is extremely flexible. Selecting from the full range of columns allows you to customize the summary as it suits the reporting needs of your client. For instance, you can design a listing of all the premium information to provide a 'list bill' summary for the upcoming year. Another option is a PS58 Report, which discloses the imputed income on a Split Dollar plan. You could also design this report to provide a summary of benefit information for each participant, including accruals and earnings.

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