Defined Contribution / 401(k) System

See why over 50% of all 401(k) participant accounts
are run on ASC software!

 



Over 50% of all 401(k) participant accounts are run on ASC software. Additionally, over 100,000 other types of defined contribution plans are administered using ASC DC/401(k) System.

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
  • daily valuation plans, allowing users to easily process plans from the simplest profit sharing to the most complex 401(k)
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 Report-Writer.

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/DB 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