The ASC Defined Benefit Valuation System is designed for retirement plan administrators to efficiently manage traditional, cash balance, and combo DB/DC retirement plans. It offers both web-based and on-premises deployment options. Developed with actuaries in mind, the system supports a wide range of plan types, including those with ancillary benefits, on a multi-decrement platform. Key functionalities include plan design, funding calculations (PPA, MAP-21, HATFA, ARPA 2021), compliance testing (IRC §401(a)(26), §410(b), §401(a)(4)), and participant termination processing with various benefit options and PBGC reporting. The system also facilitates seamless integration with ASC's DGEM system for document generation and management, and its CRM & Task Tracking systems for coordinating administration tasks. Reporting features are comprehensive, enabling the creation of required SB Attachments, PPA valuation reports, ASOP 41 certifications, AFTAP certifications, FAS/ASC-715 valuations, and detailed compliance test reports. It supports multiple benefit formulas, generational mortality projections, and provides employee benefit statements and calculation checking reports.

Features & Benefits

• Comprehensive Plan Administration: Handles traditional, cash balance, combo DB/DC, and pre-PPA plans with features for eligibility, vesting, and employee history.
• Advanced Compliance Testing: Performs essential IRS compliance tests for single and combo plans.
• Robust Reporting Capabilities: Generates required regulatory reports and customizable output for various needs.
• Seamless Integration: Integrates with other ASC products for a unified workflow.