Abstract: Device and method includes providing a digital electrical computer system receiving the input information at an input device, the input information including amounts of contribution for employees in a defined contribution plan; processing the input electrical signals from a first format such that for each of the employees, a respective coverage amount is computed by using the contributions to the defined contribution plan; processing the input electrical signals such that for each of the coverage amounts, a corresponding insurance premium is calculated; generating a billing statement at the printer from output electrical signals, the output electrical signals corresponding to billing statement data including the employees coverage amounts and the insurance premiums; and storing the billing statement data; recalling the stored billing statement data, and for each of the employees in the defined contribution plan terminated prior to an end of a year for the defined contribution plan, using the stored billing st