Ascensus Announces EGTRRA-Compliant Documents

July 8, 2008 ( - Ascensus announced it has released Version 4.1 of its Plan Adoption System (PAS), providing sponsors of prototype plans with plan documents that are Economic Growth and Tax Relief Reconciliation Act (EGTRRA)-compliant.

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

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

In addition, 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.

For more information, call 800-346-3860.