Conversion is the process of converting a plan or client into DB Precision. It involves importing data, setting up the plan and benefit output, and then confirming that any differences between what was brought in and what is coming out of DB Precision can be explained. The conversion should be done as of the chosen Conversion Date which is the last date that you have fully reviewed and reconciled participant data. This is generally the date of the last actuarial valuation report.

In order to complete the conversion, you will first need to gather the following items (note that each item is discussed in more detail later):

• Plan Document and/or collective bargaining agreements: you will need these as a reference when coding the plan parameters.
• Valuation Report: you should have a copy of the latest valuation report on hand as it will be used to confirm lifecounts as well as serve as a quick reference for plan provisions.
• Participant Data: this should come from your last completed/reviewed actuarial valuation along with any other detail that is available.
• Sample Benefit Calculations/Forms: these will be needed to test calculations and output from the system.
• Benefit Statements: if available, this information will provide an additional source for testing calculation results.