ASC in the News

ASC Announces the formation of the ASC Institute


LOS ANGELES, CA – May 22, 2005

ASC and the principals of GBA, Charles Lockwood and John Griffin, are joining forces to bring you the ASC Institute (ASCi) – the premier source for retirement plan documents, education and ERISA compliance consulting.

"The synergy between ASC, John Griffin and Charles Lockwood is tremendous," says Alan Gould, President of ASC. "ASC has 25 years helping pension professionals profit from advances in software technology while John and Charles have as much experience educating pension professionals on the practical applications of government regulations and drafting administrator-friendly plan documents. We foresee a powerful combination."

ASCi is writing new web-accessible, prototype and volume submitter plan documents. These IRS-approved "mass submitter" documents incorporate all the latest EGTRRA and regulatory requirements. The primary authors, Charles Lockwood and John Griffin, bring to this endeavor their vast experience as the primary drafters of the FDP prototype / volume submitter plan documents and their specialized knowledge of the PPD and other pre-approved documents.

Additionally, ASCi will offer education for pension professionals in both public and private venues. Public seminars will be held in various cities around the country throughout the year, as well as live and pre-recorded webseminars. Private seminars are held at the retirement plan professional’s facility and are customized to the unique needs of the client.

ERISA compliance consulting comprises the 3rd arm of the ASC Institute. ASCi will provide a wide range of consulting services encompassing all areas of ERISA and the qualified plan tax rules, including plan design consulting, telephone and email technical assistance, plan compliance reviews and the correction of plan document and operational problems.

ASCi has kicked off its public seminars in the Spring of 2005 with a 5 city tour of its new Qualified Plan Current Developments Seminar. For more information visit www.asc-net.com or email asci@asc-net.com.

About ASC

For 25 years ASC has been a leading software development company offering comprehensive single-platform software solutions to the retirement plan industry. ASC’s Compliance System is relied upon by the largest banks, insurance companies and third party administrators in the nation. Additional ASC software solutions include Defined Contribution/401(k), Defined Benefit, DV Direct daily valuation, Gemini web access, Single-Step Processing and AIM Case Management. The ASC corporate headquarters is based in California with technical offices around the United States. For more information visit www.asc-net.com.

About John P. Griffin

John P. Griffin, J.D. and LL.M. (Taxation), has over 25 years experience in the employee benefits field. Currently, John is a principal with the ASC Institute (ASCi). Prior to joining ASCi, John was a principal with the pension consulting firm Global Benefit Advisors, LLC (GBA), a Vice President with Pension Publications of Denver, Inc. (PPD) and a senior consultant with the benefit consulting practice of Coopers & Lybrand. Prior to entering private consulting, John worked in the Employee Plans Division in the National Office of the Internal Revenue Service (IRS) as a Tax Law Specialist. John also has seven years of experience with the U.S. Department of Labor.

About Charles D. Lockwood

Charles D. Lockwood, J.D., and L.L.M. (Taxation), has over 20 years experience in the employee benefits field. Charles is currently a principal with the ASC Institute (ASCi). Prior to joining ASCi, Charles was a principal with the pension consulting firm Global Benefit Advisors, LLC (GBA). Prior to entering private consulting, Charles worked in the Employee Plans Division in the National Office of the Internal Revenue Service (IRS) as a Tax Law Specialist. Charles also was a Vice President with Pension Publications of Denver, Inc. (PPD) and a senior consultant with the benefit consulting practice of Coopers & Lybrand.