Barb Yearout, president of Chard Snyder, an Ascensus company, discussed Chard Snyder’s sponsorship of the CancerFree KIDS 100 Mile Challenge on WKRC Cincinnati’s What’s Happening in Health.
Yearout talks about the importance of CancerFree KIDS’ mission, along with Chard Snyder’s past and current support for the organization. She also notes how the 100 Mile Challenge can be used as a starting point to build and maintain a healthy lifestyle.
You may watch the clip here; the segment begins at 30:50.
Barb Yearout, president of Chard Snyder, an Ascensus company, contributed content about how individuals can make the most of their HSA accounts for investment purposes to the Cincinnati Business Courier.
“The majority of HSA account holders still think of an HSA as a spending vehicle instead of a savings tool,” says Yearout. “This means they could miss out on important tax advantages and the opportunity to save for future health care expenses.” She goes on to discuss potential HSA investment options, rules for when HSA balances may be invested, and investment contribution limits.
In a recent PLANSPONSOR article, Rick Irace, chief operating officer (COO) for Ascensus’ Retirement line of business, talked about the importance of clean participant data when it comes to maintaining a healthy retirement plan. He notes that educating participants about why it’s important to keep their own data up to date is crucial to keeping data clean. He also discusses systems that Ascensus has in place to ensure that data is submitted accurately and points out that having clean data also reduces the risk of cybersecurity threats.
In a recent Wealth Management article, Anna Johnson, RPS director of operations, talks about the importance of timing for employers who need to start the Cycle 3 restatement for 401(k) plans process.
“Most service providers are in the midst of restatement now, with hopes to finish initial deliveries months before the July deadline,” says Johnson. “If the employer has not yet heard from their document provider under whichever contractual relationship they may have, then employers should reach out to their document provider as soon as possible for a schedule of when this will occur.”
In a recent Citywire RIA article, Raghav Nandagopal discusses consolidation in the recordkeeping and TPA space and how scale creates competitive advantages necessary to compete in the modern retirement market.
Nandagopal states that “at the end of the day, scale wins. Scale drives efficiencies and scale drives operating margins. Secondly, the market itself values technology and other digital capabilities. If you have the size and scale, you can make significant investments into that.”
As more small recordkeepers and TPAs become part of larger companies like Ascensus, Nandagopal notes that advisors “now have the ability to work with a smaller target of partners, but those partners are in it for the long run in terms of growing the business, investing in technology, investing in digital, investing in marketing, et cetera.”
In a recent MONEY article, Government Savings President Peg Creonte discusses how 529 savings apps, particularly Ascensus’ READYSAVE™ 529, bring a new convenience to college savings. The article specifically delves into Ascensus’ app development process and the underlying behavioral psychology it incorporates to boost saving habits. In Ascensus’ new app, users can check their balance, make contributions, and see their investment allocation with the click of a finger.
“Our assumption is that if people have easier access to their 529, they’ll interact with it more and saving for college will be more front of mind,” Creonte says.
In a recent SavingforCollege.com article, Government Savings President Peg Creonte shares why family and friends might consider giving the gift of education savings this holiday season and explains how Ascensus’ Ugift program makes the 529 gifting process simple and secure.
“The beauty of making a gift contribution to a 529 account is that it’s something that can hold long-term value. It’s not a toy, game, or electronic device that a child might otherwise grow out of or lose interest in,” states Creonte. “It’s a truly meaningful gift that demonstrates for that family and beneficiary that you are invested in their long-term success.”
The article also highlights Ascensus data showing growth in 529 gifting contributions, noting that there was a 20% year-over-year increase in total dollars gifted to Ascensus-administered 529 plans as of the end of 2019.
Ascensus’ data on employer changes to retirement plan matching contributions is highlighted in a recent Wall Street Journal feature. The article notes that more employers that had decreased or suspended their match over the course of the COVID-19 pandemic are “reversing course as their businesses rebound.”
“At Ascensus, 21% of the employers that use its 401(k) administration services suspended their 401(k) contributions between March 1 and Sept. 30, and two-thirds of those have since restarted them,” notes the article.
“They are going back to what they had before,” states Pam Sandelin, vice president of insights and analytics at Ascensus. She notes that our data suggests employers “are trying to help employees navigate the uncertainty of Covid” and keep their retirement savings on track.
In a recent Forbes feature, president and CEO David Musto reflects on his experience leading through complex problems and challenging times, most recently during the COVID-19 pandemic. Musto summarizes his top priorities in the face of the COVID outbreak: shifting associates to remote work; finding ways to engage and communicate with thousands of associates, partners, & clients; addressing a broad variety of cybersecurity risk factors; and more. He also comments on the “profoundly personal” effect that the pandemic has had on people across the globe, and how that has raised the stakes even more in his quest to effectively lead and continue to deliver for Ascensus’ clients.
“Great leadership is about setting a clear direction, being a purveyor of hope and optimism, sustaining trust, and getting results. High functioning leaders are able to do some combination of those things well,” states Musto.
Peg Creonte, president of Ascensus’ Government Savings line of business, was featured in a recent New York Times article where she commented on 529 savers’ reactions to COVID-related market volatility. She shared that while one-time contributions to 529 plans on our platform had fallen in recent months compared to 2019, scheduled contributions mostly weren’t affected. “We did not see any sort of panicked reaction,” she added.