Defined Benefit System

Designed for traditional, cash balance and combo DB/DC retirement plans

 

Product SheetSystem RequirementsSample Reports  Traditional DB Reports Cash Balance Reports Additional Optional Reports Short Plan year Reports Schedule SB Attachments Participant Statements Combined Plan Reports and Testing Sample Life Reports DC/CB Proposal Report All Sample DB Reports ASC DB Client Solutions

Work smarter – not harder – with ASC’s cutting edge Defined Benefit plan designs and features developed by actuaries for actuaries and non-actuaries.
Learn more about Cash Balance Plans


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 on a multi decrement platform.

The ASC DB System Difference
  • Continuously enhanced since 1981
  • 3 Enrolled Actuaries support the system and our users such as Retirement Plan Administrators
  • New users receive robust interactive training on the DB system lead by the actuaries
  • Import over 130 DB plan document provisions from our DGEM pre-approved documents into the ASC valuation system, easily transfer ASC valuation results to our DGEM 5500 system
  • Coordinate plan administration tasks with our CRM & Task Tracking systems
Plan Design, Funding, ASC-715, Compliance and Participant Termination Features
  • Handles traditional, multiple formula, hybrid, DB/DC combo and pre-PPA plans
  • Cash Balance Plans with multiple formula options for multiple groups, A + B conversions, and IRC 401(a)(26) meaningful benefit determination
  • Floor Offset arrangements with or without DC plans on the ASC System
  • Determines eligibility, vesting, individual costs and maintains robust employee history records
  • PPA funding (including MAP-21, HATFA, and ARPA 2021) with lump sum and fully subsidized early retirement options
  • Minimum funding contribution requirements, including quarterly contributions and applicable penalty interest, with the ability to solve for the final contribution amount based on the date of deposit
  • Programmed for 1-D and 2-D generational mortality projections
  • Multiple decrement funding with sample life output
  • IRC §401(a)(26) Minimum Participation and Meaningful Benefit test
  • IRC §410(b) Minimum Coverage and IRC §416 Top Heavy tests for single and DB/DC combo plans
  • IRC §401(a)(4) testing on single and DB/DC combo plans including component plan and rate banding options
  • Budget routine including calculation of self-employment taxes for unincorporated entities
  • Participant termination program with lump sum and other optional forms plus PBGC Notice of Plan Benefits reporting
  • Participant Termination program export of optional benefit amounts and factors for easy integration with election packages and relative value disclosures
Reporting Features
  • Create required SB Attachments in one step
  • PPA valuation reports with customizable ASOP 51 and disclosure features. ASOP 41 certifications for one or two actuaries from system database of up to 15 actuaries
  • AFTAP certification report
  • FAS/ASC-715 valuations and liability reports
  • Short plan year calculations and reporting
  • PPA proposal reports for cash balance, traditional and DB/DC combo plans
  • Budget solver and proposal reporting for new Cash Balance/DC combo plans
  • Summary and detailed compliance test reports
  • Export plan or employee data for custom enterprise reporting or use our custom report writer.
  • Employee reports including benefits statements (individual and DB/DC combo plan) and individual calculation checking reports
ASC Solutions Present an Easy Way to Offer DB/DC PPA Plans
  • Easily design and administer DB/DC Combo Plans with ASC DB & DC Software
  • You can rely on ASC Software – over ½ of all 401(k) plans are tested or administered using an ASC System
  • Easily produce and manage plan sponsor documents and amendments with ASC’s Document Generation & Management (DGEM) System; including defined benefit (integrated & non-integrated formulas), cash balance and governmental plan types. For a full listing of ASC plan documents available, please click here.
  • Import key plan provisions from ASC’s DGEM defined benefit and cash balance plans into ASC’s DB Valuation and Compliance System
  • ASC’s IRS pre-approved flexible DB Documents (traditional and cash balance) allow for groups / employee classifications and optional minimum benefit language in the cash balance plan
  • Import key plan provisions from ASC’s DGEM defined benefit and cash balance plans into ASC’s DB Valuation and Compliance System
  • Please see the ASC System Hardware Requirements for specific requirements for server and workstations and Software Deployment Options for information on in-house servers, cloud servers and remote access.
  • Learn more today! Contact: info@asc-net.com

Defined Benefit Sample Screens

Employee Record

Employee Record

Employee Accrued Benefit

Employee Accrued Benefit

Employee Funding Results

Employee Funding Results

Multiple benefit formulas for Traditional and Cash Balance plans

Multiple benefit formulas

Plan PPA Funding Assumptions

Plan PPA Funding Assumptions

Plan Cash Balance Assumptions

Plan Cash Balance Assumptions

Quarterly Interest Sample

Quarterly Interest Sample

Target Report