Using ASC’s sophisticated scripting language – SSP can run a single compliance test, or a series of tests, on multiple plans without user interaction – as well as perform other tasks – that would otherwise be done by staff. SSP can even be set up to run at a scheduled time allowing processing to take place during off hours when the office is closed.
Powered by Decades of Industry Expertise
ASC, we’ve developed SSP (Single Step Processing) with intelligent logic based on our decades of retirement plan industry experience to relieve you of mindless repetitive tasks and the risk of ‘human error’ so you and your team can focus on the core of your business.
Compliance Testing with Dependable Accuracy and Lightning Fast Speed
With minimal setup, administrators can run a series of compliance tests or other administrative functions on one plan or multiple plans without user interaction. Compliance tests.
Automate Even more!
ASC’s SSP utilizes ASC’s sophisticated proprietary programming language to automate tasks on multiple plans that would otherwise be manually performed by individual users. SSP may also be used to automate other tasks such as importing data, performing employee data checks, running calculations, generating valuation reports and benefit statements, and creating data extracts.
Leverage technology and maximize staff resources by scheduling SSP to run during nights, weekends, and non-business hours.
- Calculate Eligibility and Limited Compensation
- Perform Employee Data Checks
- Determine HCE/Key Status
- Perform Allocations
- 416 Top Heavy Test
- 410(b) Ratio Percentage Test
- 402(g) Deferral Limits Test
- 415(c) Annual Additions Test
- ADP/ACP Tests
- Top Heavy Determination for next year
- Excess Summary
- Catchup Summary
- Plan Summary
Additional tasks such as batch producing benefit statements, compliance and valuation reports can also be automated via SSP.
For clients who use a non-ASC record keeping system, a key element to the ASC Compliance Testing System is Money Manager Link (MML).
- Provides an automated link between your record keeping system and the ASC testing system
- Enables plan and employee data to pass seamlessly from MML into the ASC database
- Eliminates the need for manual data entry
- Provides for the transmission of test results back to your record keeping system
- Imports large volumes of plan and participant data via an unattended mode
