Single-Step Processing (SSP) is designed to modernize retirement plan administration by providing true end-to-end automation for year-end workflows. It allows users to process plans as they arrive, eliminating manual intervention and ensuring continuous progress on year-end tasks. SSP automates the entire workflow, including census imports, data validations with customizable triggers, complex calculations for HCE, key determination, eligibility, and limited compensation, as well as all required compliance tests like ADP, ACP, coverage, and top-heavy. It also handles corrections, valuation reports, and client deliverables in a seamless flow. The software applies ERISA logic at scale, following established rules and processes while offering flexibility for thousands of ERISA-based applications. Users remain in control, with SSP flagging exceptions for expert review and allowing plans to proceed automatically. Firms using SSP have significantly reduced their year-end processing time, cutting weeks to months off the process and achieving consistent, accurate results. It is trusted by a significant portion of the largest financial institutions in the U.S. and is now available to Third-Party Administrators (TPAs) of all sizes. SSP can also automate batch production of benefit statements, compliance, and valuation reports. Additionally, the Money Manager Link (MML) component provides an automated link for clients using non-ASC recordkeeping systems, enabling seamless data transfer and eliminating manual data entry.

Features & Benefits

• End-to-End Automation: Automates the entire year-end retirement plan administration workflow from start to finish.
• Intelligent Processing: Automatically detects and begins processing plans as they arrive, ensuring continuous workflow.
• ERISA Logic & Control: Applies ERISA logic at scale with built-in flexibility, while keeping users in control and flagging exceptions for review.
• Time & Resource Savings: Reduces human error, frees up staff, and allows for off-hours processing, significantly cutting down year-end tasks.
• Money Manager Link (MML): Provides an automated link for non-ASC recordkeeping systems, enabling seamless data transfer and eliminating manual entry.