Defined Contribution / 401(k) System

Easily process plans from the simplest profit sharing to the most complex 401(k)

Defined Contribution / 401(k) System

Easily process plans from the simplest profit sharing to the most complex 401(k)

Product SheetSystem RequirementsSample Reports

Overview

ASC’s DC/401(k) System allows users to easily process plans from the simplest profit sharing to the most complex 401(k).

The system includes:
The system handles:
  • traditional balance forward
  • transaction based
Plans include:
  • 401(k)
  • new comparability/cross-tested
  • profit sharing
  • money purchase pension
  • super integrated
  • target benefit
  • ESOP
  • KSOP
  • combination plans

DC/401(k) Administration

The ASC DC/401(k) administration system is continually updated for all legislative changes. It offers flexible eligibility calculations, an easy data import wizard and comprehensive data checks. It provides for multiple funds and sources, using dollar or share accounting. The ASC full Compliance Testing System is also included. Reports can be generated using the standard reports included with the ASC System, or can be customized using the ASC Reporter, which allows a user to create custom reports.

Features:
  • Handles all 401(k), Profit Sharing, Money Purchase and Target Plans
  • Fully updated for all legislative changes
  • Full 401(a)(4) Testing / Design Module
  • DB/DC combo reporting
  • Extensive 401(a)(4) group definitions
  • Multiple Funds and Sources
  • Built in budget solving routines for new comparability, super integrated, age-weighted and sole proprietor/partnership plans
  • Calculates various employer contributions for 401(k) and other defined contribution plans
  • Performs extensive employee data validation in one step including ability for custom data validation formulas

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.