ASC Defined Contribution / 401(k) System Description
The ASC DC/401k administration system is continuously updated to reflect legislative changes. It provides flexible eligibility calculations, an easy import wizard and extensive data checks. It supports multiple sources and funds, including dollar and share accounting. It also includes the ASC full Compliance Testing System. Reports can be created using the ASC System's standard reports or customized using ASC Reporter which allows users to create custom reports. Built in budget solving routines for new comparability, super integrated, age-weighted and sole proprietor/partnership plans. Calculates employer contributions to 401(k), and other defined contribution plans. In one step, performs extensive employee data validation. This includes the ability to create custom data validation formulas. Fully up-to-date for all legislative changes.