Defined Benefit System

With ASC’s Defined Benefit Valuation Software you’ll have 100% confidence you can administer virtually any plan. Developed by Actuaries for Actuaries & Non-Actuaries!

 

Work smarter – not harder – with ASC’s cutting edge Defined Benefit plan designs and features!

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.

Features
  • Continuously enhanced over 34 years
  • Maintains compliance with current regulations
  • Continued availability of pre-PPA funding methods
  • PPA Valuations backed by expert, timely support
  • Funding to lump sum limited by IRC §415
  • Fully subsidized early retirement date funding
  • Calculation of PPA funding percentages including FTAP and AFTAP
  • PPA funding with applicable segment rates and full yield curve
  • Quarterly installment and adjusted contribution calculations
  • Calculation of final contribution by date
  • Schedule SB and AFTAP attachments
  • Client ready PPA Report
  • Cash Balance with A + B conversions
  • Floor Offset arrangements with or without DC plan on the ASC System
  • 401(a)(4) compliance testing, single and combo plans including DB/DC
  • Combined DB/DC reports for proposals and established plans
  • Zero Out Budget Routines for Unincorporated DB Plans
  • FAS Valuations
  • Multiple Decrement Valuations with Year-by-Year Sample Life Output reports
  • Determines eligibility, vesting, social security values, individual and plan costs
  • Maintains complete salary and hours history for all employees
  • Extensive selection of reports and ability to create custom reports
  • Detailed individual participant reports
  • Employee statements for traditional and cash balance plans
  • Participant benefit calculation system
  • Schedule SB and PBGC export to 5500 system

 

ASC Software & Docs Present an Easy Way to Offer DB/DC PPA Plans
  • Take advantage of revised plan designs provided for by PPA legislation
  • Easily design and administer DC/DB Combo Plans with ASC DC & DB Software
  • You can rely on ASC Software – over ½ of all 401(k) plans are tested or administered using an ASC System
  • Easily produce matching documents with ASC’s Document Generation & Management (DGEM) System
  • Quickly & easily create customized prototype and volume submitter plan documents, including DC/DB combo plans, profit sharing, 401(k), money purchase, cash balance, and other defined benefit plans
  • 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 DGEM
  • Add a limited-version of the ASC DB System to take advantage of 401(a)(4) testing & combined illustration if using an outside DB system
  • Learn more today! Contact: info@asc-net.com

Defined Benefit Sample Screens

Employee History

Employee History

Employee Accrued Benefit

Employee Accrued Benefit

Plan Funding Method

Plan Funding Method

Plan PPA Funding Assumptions

Plan PPA Funding Assumptions

Plan Cash Balance Assumptions

Plan Cash Balance Assumptions

Quarterly Interest Sample

Plan Cash Balance Assumptions