ASC Acquires SMART Pension Systems
LOS ANGELES, CA – May 18, 2005 –
ASC, a leading software and education provider in the retirement plan industry, has acquired SMART Pension Systems - the software division of Intac Actuarial Services.
“Computer technology is becoming increasingly complex with many functions converting to web-based applications. This requires a tremendous investment in research and development – something that now will be available to SMART clients through ASC Systems,” said the Founder and President of Intac & SMART Pension Systems, Max Rosenberg.
“We’re pleased to welcome the staff and customers of Smart Pension Systems to ASC,” said Alan Gould, President of ASC. “It’s an honor to work with Max, Harry and the entire Smart community. We’re working to merge the features of Smart systems into our products, and give those users an easy transition to the ASC product on a timetable that will suite the individual user.”
ASC and Intac are committed to maintaining the SMART Pension System by keeping it updated and current for the time being. Intac and its support staff will continue to provide technical support and software updates. SMART Pension System users will have the best of both worlds: they can continue to use their current software and upgrade to the ASC System when appropriate.
About ASC
For 25 years ASC has been a leading retirement plan software development company offering comprehensive single-platform software solutions. Recently ASC, John Griffin and Charles Lockwood joined forces to create the ASCi Institute – the premier source for mass-submitter and prototype plan documents, education and ERISA Consulting. Over half of all 401(k) participant accounts are administered on an ASC System. ASC software solutions include Defined Contribution/401(k), Compliance Testing, Defined Benefit, DV Direct daily valuation, Gemini web access, Single-Step Processing and AIM Case Management. For more information visit www.asc-net.com.
