The Compliance Testing System is a sophisticated yet user-friendly software designed to handle the most complex retirement plan scenarios. It empowers plan professionals and consultants to design and administer intricate plans cost-effectively. The system supports both web-based and on-premises deployments, catering to a wide range of user preferences. It is widely adopted by major investment firms, mutual fund families, and insurance companies, processing approximately half of the United States' 401(k) accounts. The system streamlines processes by eliminating the need for external tools for difficult tests, offering multiple correction solutions for failed ADP/ACP tests, and supporting PEO/Multiple ER Plan Testing. It accurately determines eligibility, Key EE, and HCE, and performs various critical tests including 410(b) ratio percentage and average benefits tests, 401(a)(4) non-discrimination tests, and 402(g) deferral limit calculations. The system also offers interactive or high-volume batch processing, interfaces with any recordkeeping system, and calculates failed test refunds with attributable match and QNEC/QMAC solutions. Advanced modules include 401(a)(4) Cross-Testing with budget solving and proposal systems, and automation tools like Single Step Processing (SSP) for unattended tasks and Money Manager Link (MML) for automated data flow.

Features & Benefits

• Automated Correction Solutions: Eliminates time-consuming reruns by generating multiple corrections for failed ADP/ACP tests.
• Comprehensive Testing Capabilities: Performs a wide array of tests including 410(b), 401(a)(4), 402(g), 415, 416, 414(s), and more.