Defined Benefit System

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

Defined Benefit System

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

 

Product SheetSystem RequirementsSample Reports

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

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
  • Integrates with ASC’s pre-approved Plan Documents, 5500 Government Forms and 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 meaningful benefit determination
  • Floor Offset arrangements with or without DC plans on ASC System
  • Determines eligibility, vesting, individual costs and maintains robust employee history records
  • PPA funding (including MAP-21 and HATFA) 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, IRC §410(b) Minimum Coverage, and IRC §416 Top Heavy tests
  • IRC §401(a)(4) testing on single and DB/DC combo plans including rate banding option
  • Budget routine including calculation of self-employment taxes for unincorporated entities
  • Participant termination program with lump sum and other optional forms including PBGC Notice of Plan Benefits
  • Reporting Features
  • Create required SB Attachments in one step
  • PPA valuation report including ASOP 41 certification for 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
  • DB/DC combo plan reporting
  • Summary and detailed compliance test reports
  • Access to custom report writer
  • Employee reports including benefits statements (individual and DB/DC combo plan) and individual calculation check 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, click here.
  • Integrate your ASC plan documents with ASC’s DB and Compliance testing software
  • 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
  • PPA mandatory notices are “push-button” easy with the DGEM 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

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

Plan Cash Balance Assumptions

Quarterly Interest Sample