ASC Defined Contribution

ASC’s DC/401(k) Valuation & Administration software offers a highly configurable and efficient solution for managing defined contribution plans. Designed to simplify administration, it supports multiple plan types including 401(k), profit sharing, money purchase, cash balance, ESOPs, target benefit, and combination DB/DC plans.

Data entry begins with census import wizards, allowing rapid integration of employee and plan data. Built-in validation rules and custom formulas highlight inconsistencies early, minimizing errors. The software operates in both balance-forward and transaction-based formats, supporting fund tracking in dollars or shares.

A key strength is its compliance engine, which performs extensive tests such as ADP/ACP, 401(a)(4), 410(b), 402(g), 415 limits, top-heavy, Puerto Rico compliance, and non-qualified plan testing. When tests fail, the system calculates corrections or refund scenarios automatically, streamlining problem resolution.

Budget solvers are integrated to compute optimal employer contributions for complex allocation types like new comparability, age-weighted, super-integrated, and partnership-based structures. These tools help plan sponsors comply while maximizing benefits.

Single-Step Processing (SSP) facilitates hands-free batch operations—importing data, processing contributions, and generating reports—all automatically. Money Manager Link (MML) enables bi-directional data sync with third-party recordkeepers, ensuring interoperability.

Client and task tracking through CATTS improves project management and regulatory documentation. The system allows for cloud or on-premises deployment, providing flexibility and control based on user infrastructure.

Comprehensive reporting options include participant statements, Schedule SB, PBGC filings, compliance summaries, benefit statements, and refund notices. Integration with ASC’s document generation tool ensures consistency between plan documents and administration, reducing legal risk.

Supported by a team of experienced actuaries and ERISA professionals, ASC provides ongoing updates and expert training, ensuring firms remain current with legislative changes and best practices. This software is ideal for firms looking for a scalable, compliance-focused, and automated solution for defined contribution plan administration.

✅ Key Features & Specifications

• Supports 401(k), profit sharing, money purchase, ESOPs, cash balance, and DB/DC combo plans

• Advanced compliance testing: ADP/ACP, 401(a)(4), 402(g), 415, top-heavy, Puerto Rico, non-qualified plans

• Census data import with custom validations

• Balance-forward and transaction-based processing

• Single-Step Processing (SSP) for automated batch operations

• Budget Solver for strategic employer contribution planning

• Money Manager Link (MML) for external data exchange

• CATTS for client, task, and document tracking

• Generates reports: participant statements, Schedule SB, PBGC, refunds, benefit summaries

• Available in cloud or on-premise configurations

• Integration with ASC document generation and Form 5500 tools

• Role-based access, audit trails, and customizable dashboards

• Ongoing legislative updates and training by ERISA experts