The Defined Contribution System incorporates a 401(k) multi-fund system with 32-bit compiled code for maximum speed. It offers an extensive library of reports, all of which can be viewed on-screen before printing. The system is flexible as well as "Administrator Friendly". Included in the Defined Contribution package, at no extra cost, are the Administrative Functions and Name & Address Systems, an insurance maintenance program and the administrative capability to process 403(b) Tax Sheltered Annuities and Comparability Plans.
Features and Benefits:
  • Calculation of Top Heavy minimum benefits and vesting
  • Family Aggregation tracking during appropriate years
  • Calculates Sec. 415 annual addition limitations
  • Calculates Sec. 416 Top Heavy fraction
  • Calculates 401(k) & (m) test with advice on booster allocations
  • Up to 18 funds can be tracked for one plan
  • 0 - 998 corporations available, per client number
  • 1 - 99998 client numbers available
  • Calculation of contribution and match split by fund
  • Employee funds transferred by dollar or percentage amount
  • Multiple contribution/forfeiture/earnings allocation codes
  • Multiple plans/funds combined on one trust activity report and participant statement
  • Contribution Advice Report
  • Trustee Directives for Terminees that will calculate withholding tax if designated.
  • User modifiable description fields
  • Automatic rehire notification
  • 20 Employee Status Codes, modifiable for inclusion or exclusion from contributions and certain testing
  • Over 30 participant statements available
  • Option to produce a mail-merge for building customized statements for word processor output
  • Acceptance of census, payroll deductions or historical transactions from different file formats or manual entry
  • Participant transaction maintenance by individual date and source or condensed into one total
  • Automatic calculation of participant eligibility and vesting years
  • Duel Employer vesting schedules, Top Heavy Schedules and Match vesting schedules
  • Automatic tracking of Top Heavy years
  • Ability to process Non-Qualified plans
  • Automatic activation of laws in force during the period being processed (i.e. annual additions, salary caps, deferral caps, family aggregation, etc..)