Work smarter – not harder – with ASC’s cutting edge Defined Benefit plan designs and features!
Regardless of whether defined benefit plans are in or out of fashion, ASC has remained committed to developing and maintaining the highest quality DB software. The ASC Defined Benefit Valuation System administers, values and tests all types of defined benefit plans including those with ancillary benefits.
Features
- Continuously enhanced over 29 years
- Maintains compliance with current regulations
- Continued availability of pre-PPA funding methods
- PPA funding with segment rates and full yield curve
- Funding to lump sum limited by IRC §415
- Fully subsidized early retirement date funding
- Calculation of PPA funding percentages including FTAP and AFTAP
- Quarterly installment and adjusted contribution calculations
- Schedule SB and AFTAP attachments
- PPA reports
- Multiple Decrements
- Cash Balance
- Floor Offset arrangements with or without DC plan on the ASC System
- Performs 401(a)(4) compliance testing on one plan or in combination with other DB or DC plans.
- Combined DB/DC reports for proposals and established plans
- Zero Out Budget Routines for Unincorporated DB Plans
- FAS 87/88/132/158 Valuations
- Multiple Benefit Formulas including fresh start options
- Determines eligibility, vesting, social security values, individual and plan costs
- Maintains complete salary and hours history for all employees
- Extensive selection of reports and ability to create custom reports
Defined Benefit Sample Screens
Employee History
Accrued Benefits
Funding Method
PPA Funding Assumptions
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