IRS Approves EGTRRA Documents for ASCi’s Plan Document Management System
LOS ANGELES, CA JUNE 25, 2008. ASCi announces the IRS approval of their EGTRRA Volume Submitter and Prototype 401(k) documents for their ASCi Document Generation & Management (DGEM) System.
"We’ve always had a vision of creating an automated document management system that would eliminate the time consuming hassles of word processing based document products, while simultaneously increasing the efficiency, profitability and organizational capabilities," says Charles Lockwood, an ASCi principal and one of the drafters of the documents. "Now with the IRS approved EGTRRA documents on the system, many of our DGEM clients have already adopted or restated thousands of plans and are far ahead in restating their clients’ plans to comply with EGTRRA."
Through complete automation, the DGEM system allows administrators to quickly and easily create customized prototype/volume submitter plan documents, including profit sharing, 401(k), money purchase and defined benefit plans, while efficiently maintaining historical plan information, including plan amendments and pre-amendment document language.
"In addition to the powerful stand-alone features of DGEM," explains Alan Gould, President of ASC, "we are integrating DGEM with the ASC Valuation systems, eventually eliminating repetitive data entry that can cause costly and time consuming discrepancies between the plan and its document. And we continue to develop more features with each release."
The integration roll out process began with enabling DGEM plan documents to be automatically populated from the plan specs on an ASC system. Over the next six months, ASCi will launch additional integration features.
Written from the ground up using the latest Microsoft .NET technology, the DGEM system can be accessed as a true ASP or deployed in-house as needed.
ASCi will continue to roll out other EGTRRA documents throughout the summer, allowing users to begin the restatement process immediately. These plans include profit sharing, money purchase, and traditional volume submitter (in appendix format) plan documents.
Click here to see our DGEM video or contact us at asci@asc-net.com.
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Sincerely,
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John Griffin Principal | Charles Lockwood Principal |
