Plan Documents

Highly rated documents drafted by ASC’s team of ERISA experts

Plan Documents

Highly rated documents drafted by ASC’s team of ERISA experts

 

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Overview

ASC’s Document Generation and Management (DGEM) plan document system provides an automated approach to creating, managing, and delivering customized pre-approved documents, SPDs, plan amendments and administrative forms to your clients. All ASC plan documents are drafted by ERISA experts led by John Griffin, J.D., LL.M. who has over 40 years of industry experience.

Create customized pre-approved plan documents, including profit sharing, 401(k), money purchase, 403(b) and defined benefit plans, like never before!

Features

Plan Document Types

+Cycle 3 Defined Contribution Plan Types       Enroll Now!
Rev. Proc. 2017-41 made significant changes to the IRS Pre-Approved Plan program that began with the third cycle document restatement (Cycle3 3). Changes include:

  • The new program eliminates “prototype” and “volume submitter” documents and instead simply provides for “pre-approved plans”.
  • Both Nonstandardized and Volume Submitter plans are now generally referred to as “Nonstandardized” plans.
  • Church plans and ESOPs with 401(k) features are now permitted under the Pre-Approved DC Program.

All ASC documents are provided in a flexible adoption agreement format with a corresponding basic plan document.

Profit Sharing/401(k) Plan – Standardized (Full and Collapsed AAs)

Designed to satisfy the IRS requirements for a “standardized” plan, a standardized plan provides a higher level of reliance on the plan’s opinion letter without the design flexibility of a “nonstandardized” plan. For example, the definition of compensation is restricted to total compensation and generally all employees (other than statutorily excludable employees) must be eligible for the plan. Other limitations also apply. The plan will provide a more streamlined (and simpler) approach to plan design. The plan is similar to ASC’s Standardized Prototype Profit Sharing/401(k) Plan used for Cycle 2 (PPA) plans.

Profit Sharing/401(k) Plan – Nonstandardized (Full and Collapsed AAs)

ASC’s most flexible and comprehensive plan allows maximum design options for the plan sponsor. This plan accommodates all plan design options allowed under the IRS procedures for pre-approved plans, including cross-tested plan designs. This plan is similar to ASC’s Volume Submitter and Nonstandardized Profit Sharing/401(k) Plans used for Cycle 2 (PPA) plans.

Owners Only Plan – Nonstandardized

Designed for “owners only,” this plan is generally exempt from the requirements of Title I of ERISA. The plan is appropriate for certain sole proprietors, partnerships, and LLCs that do not have common law employees. This plan is similar to ASC’s Volume Submitter Owners-Only Plan used for Cycle 2 (PPA) plans.

Money Purchase Pension Plan – Nonstandardized

Designed for money purchase pension plans only, this plan is similar to ASC’s Volume Submitter and Nonstandardized Money Purchase Pension Plan used for Cycle 2 (PPA) plans.

Governmental Profit Sharing/Grandfathered 401(k) Plan – Nonstandardized

Designed for governmental entities and Indian tribal governments adopting or maintaining a profit sharing plan, including a plan with “grandfathered” 401(k) plan features, this plan is exempt from the requirements of Title I of ERISA, coverage, and nondiscrimination. (Note: such entities MUST use this pre-approved plan document and CANNOT use the Nonstandardized Profit Sharing/401(k) Plan.) This plan is similar to ASC’s Volume Submitter Governmental Profit Sharing/Grandfathered 401(k) Plan used for Cycle 2 (PPA) plans.

Governmental Money Purchase Pension Plan – Nonstandardized

Designed for governmental entities and Indian tribal governments adopting or maintaining a money purchase pension plan, this plan is exempt from the requirements of Title I of ERISA, coverage and nondiscrimination. (Note: such entities MUST use this pre-approved plan document and CANNOT use the Nonstandardized Money Purchase Pension Plan.) This plan is similar to ASC’s Volume Submitter Governmental Money Purchase Pension Plan used for Cycle 2 (PPA) plans.

ESOP/KSOP (Leveraged & Non-Leveraged) Plan – Nonstandardized

Designed for entities adopting or maintaining employee stock ownership plans (ESOPs), this plan includes non-leveraged, leveraged and 401(k) features. This is a newly allowed type of pre-approved plan under IRS procedures.

Non-Electing Church Profit Sharing/401(k) Plan – Nonstandardized

Designed for “non-electing” churches adopting or maintaining a profit sharing plan, including a plan with 401(k) plan features, this plan is exempt from the requirements of Title I of ERISA. (Note: such non-electing churches MUST use this pre-approved plan document and CANNOT use the Nonstandardized Profit Sharing/401(k) Plan.) This is a newly allowed type of pre-approved plan under IRS procedures.

Non-Electing Church Money Purchase Pension Plan – Nonstandardized

Designed for “non-electing” churches adopting or maintaining a money purchase pension plan, this plan is exempt from the requirements of Title I of ERISA. (Note: such non-electing churches MUST use this pre-approved plan document and CANNOT use the Nonstandardized Money Purchase Pension Plan.) This is a newly allowed type of pre-approved plan under IRS procedures.

Contact us today for more information: sales@asc-net.com

+Cycle 3 Defined Benefit & Cash Balance Plans        Enroll Now!
  • Defined Benefit Plan – Nonstandardized (integrated & non-integrated)
  • Cash Balance Plan – Nonstandardized
  • Defined Benefit Nonstandardized – Governmental (including Cash Balance provisions)

Contact us today for more information: sales@asc-net.com

+PPA Defined Benefit & Cash Balance Plans
  • Defined Benefit Plan – Volume Submitter (integrated & non-integrated)
  • Cash Balance Plan – Volume Submitter
  • Defined Benefit Volume Submitter – Governmental (including Cash Balance provisions)

Contact us today to find out how to enroll! sales@asc-net.com

+Pre-approved 403(b) Plans       Watch the 2 minute video!
 
See for yourself! Watch this 2 minute video!
  • 501(c)(3) 403(b) Plan
  • Salary Reduction Only 403(b) Plan
  • Governmental 403(b) Plan
  • Non-Electing 403(b) Church Plan (without retirement income accounts)
  • Retirement Income Account 403(b) Church Plan

See Pre-Approved 403(b) plan type descriptions

Contact us today to find out how to enroll! sales@asc-net.com

+Specialty Documents
  • 457(b) Governmental Plan
  • 457(b) Tax Exempt Plan

Contact us today to find out how to enroll! sales@asc-net.com

+Safe Harbor Notices

Quickly create and send all your Safe Harbor Notices in batch!

ASC’s DGEM Safe Harbor and Annual Notices Wizard automatically:

  • Finds ALL your Safe Harbor plans
  • Generates ALL your Safe Harbor Notices – including a cover letter of instruction
  • Batch Emails Safe Harbor Notices to your clients directly through DGEM email feature

+Forms

DGEM also includes ASC’s extensive Pre-Populated Forms Library!

Generate plan specific ancillary forms such as Beneficiary Designations, Loan Procedures, Distribution and Hardship Packages for a single plan OR in batch!