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.
Robots are as helpful and good as the people who create them
At ASC we’ve created SSP, a friendly BOT, that is here to serve you with dependable accuracy and lightning fast speed. SSP relieves 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 can be run and saved without users setting up each test and opening and closing each plan.
Automate Even more!
ASC SSP utilizes ASC’s sophisticated scripting language to automate tasks on multiple plans that would otherwise be manually performed by individual users. Imagine having all of these tasks completed unattended: processing transactions, performing employee data checks, running calculations, printing non-compliance reports and preparing benefit statements. Administrators can even design specific times for SSP to run, allowing processing to take place during off hours when the office is closed.
- 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
