Schwab RT has created a process to interface with the ASC compliance testing system for a fully integrated compliance testing program. This integration allows the Schwab RT recordkeeping system to transfer data to the ASC system for testing, and in return the ASC system transfers test results back to the Schwab RT recordkeeping system. Clients can also conduct hypothetical scenarios.
The ASC compliance testing system handles both small and large plans, combining speed with sophisticated results. The ASC system can be used as an alternative to Schwab RT’s compliance testing.