Ascensus Releases EGTRRA-Compliant Documents

Ascensus updated its Plan Adoption System (PAS) to provide plan documents that are compliant with the Economic Growth and Tax Relief Reconciliation Act.

PAS is an Internet-based document generation system, and Ascensus updates the system’s compliance content and revises all affected documents as new legislation is passed, according to a release.

The system ensures that all required documents and future amendments are properly sent to employers. PAS contains a data extract feature that allows for integration into recordkeeping systems, Ascensus said.

The PAS application operates on Ascensus’ WebSite Administrator technology, which allows organizations to customize roles and user access levels to best suit their needs. Access to help screens and an online reference guide is also available.

Qualified retirement plans generally must be restated for EGTRRA by March 31, 2010.

More information is available by calling 1.800.346.3860.