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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.
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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..)
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