News Releases

Ascensus and Owners Genstar Capital and Aquiline Capital Partners Welcome New Investors, Led by Atlas Merchant Capital LLC, to Ownership Group

Dresher, Pennsylvania—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that owners Genstar Capital and Aquiline Capital Partners have welcomed new investors to their ownership group. Led by Atlas Merchant Capital LLC, the new investors will acquire just under 25% of Ascensus. The transaction is expected to close in the first quarter, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.

Atlas Merchant Capital has deep operating and technical expertise within the financial services industry. Its philosophy is rooted in long-term commitment and partnership. The Atlas investor group includes GIC, Singapore’s sovereign wealth fund.

“We’re extremely pleased that the Atlas investor group has chosen to invest in Ascensus,” said Bob Guillocheau, chairman and chief executive officer of Ascensus. “We’re also grateful to have the continued support of our owners Aquiline and Genstar as we continue to focus on delivering exceptional service to our clients and boost our future growth.”

“Strong support from our existing and new financial sponsors is critical as we continue to pursue our passion, which is helping Americans save today for a better tomorrow,” continued Guillocheau.

David Schamis, founding partner and chief investment officer of Atlas, was a previous chairman of Ascensus. “We admire Ascensus’ robust technology platform, industry-leading expertise, and unparalleled service model,” said Schamis. “Ascensus has experienced significant growth and has a strong track record of continued success. The Atlas investor group has confidence in Ascensus’ management and the company’s future growth trajectory. I am personally thrilled to be back in business with Bob and the excellent team at Ascensus.”

“Aquiline and Genstar believe that Ascensus has a strong management team and significant ability to create value and drive continued growth as a leader in savings and retirement. We fully support Ascensus’ strategy, mission, and vision and are pleased to help them maintain this positive momentum in conjunction with the Atlas investor group,” Aquiline and Genstar jointly stated. “Together, we stand behind Ascensus and their commitment to helping individuals, businesses, advisors, financial institutions, and governments.”

Barclays acted as the lead financial advisor and J.P. Morgan acted as financial advisor to Ascensus in connection with this transaction. Willkie Farr & Gallagher LLP acted as legal counsel to the company. Debevoise & Plimpton LLP acted as legal counsel to Atlas Merchant Capital and Sidley Austin LLP acted as legal counsel to GIC.

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.

About Aquiline Capital Partners LLC

Aquiline Capital Partners, founded in 2005, is a private equity firm based in New York and London investing in businesses across the financial services sector in banking and credit, insurance, investment management, and financial technology and services. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline.com.

About Genstar Capital LLC

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

About Atlas Merchant Capital LLC

Atlas Merchant Capital LLC was founded to participate in compelling market opportunities in the financial services sector. Based in New York and London, Atlas Merchant Capital was founded by Bob Diamond and David Schamis, who together with their partners form a complementary partnership with extensive operating and investing expertise across the financial services landscape. For more information about Atlas Merchant Capital, please visit www.atlasmerchantcapital.com.

About GIC

GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure. GIC has investments in over 40 countries. Headquartered in Singapore, GIC employs over 1,500 people across 10 offices in key financial cities worldwide. For more information about GIC, please visit www.gic.com.sg.


Ascensus TPA Solutions Appoints Dan Kravitz as National Practice Leader for Cash Balance Plans

Strategic Drive to Expand Cash Balance Plan Offerings Aims to Improve American Retirement Outcomes

Dresher, PA  Ascensus TPA Solutions, the nation’s largest retirement TPA firm, is pleased to announce the appointment of Dan Kravitz as national practice leader for Cash Balance plans. In this role, Kravitz will expand the firm’s growing Cash Balance market share with innovative sales strategies, advisor outreach programs, and sales integration within the broader TPA Solutions network.

Also known as “hybrid” plans, Cash Balance plans combine the high contribution limits of traditional defined benefit plans with the flexibility and portability of a 401(k). Business owners enjoy greater tax deferral and can catch up on delayed retirement savings while enhancing contributions to their employees.

Ascensus acquired Kravitz, Inc., in 2017 as part of its strategy of buying and integrating best-in-class TPA firms across the country, including many local market leaders with unique specialty expertise. Following the 2018 acquisition of nine other TPA firms with substantial Cash Balance business, Ascensus TPA Solutions now serves more than 2,700 Cash Balance plans of all sizes across diverse industries.

“Cash Balance is the fastest growing sector of the retirement plan market and no one is better positioned to lead our expansion strategy than Dan Kravitz,” said Jerry Bramlett, head of TPA Solutions. “He has been a pioneer in the Cash Balance space for more than a decade and played a major role in increasing national awareness, contributing to 20% average annual growth in this marketplace.”

“We now have 20 actuaries with Cash Balance expertise supported by a deep bench of hundreds of advanced technical plan professionals,” continued Bramlett. “We’re unique in our ability to offer high-touch local service backed by national strength and security.”

In his prior role as owner and president of Kravitz, Inc., Kravitz developed a singular focus on Cash Balance plans and expanded the firm across the country, earning a nationwide reputation for cutting-edge plan design and unique strategic solutions. He introduced Cash Balance daily recordkeeping to the industry, founded Cash Balance Coach™, the first Cash Balance training and certification program for retirement plan advisors, and wrote the book, “Beyond the 401(k), How Financial Advisors Can Grow their Businesses with Cash Balance Plans.” Kravitz has over 25 years of experience in retirement plan consulting.

“I’m honored to take on this new national leadership role,” said Kravitz. “The Cash Balance market is fast-growing but underserved—there are thousands of small to mid-size businesses that could reduce their tax burden, catch up on delayed retirement savings, and improve retirement outcomes for staff by adding a Cash Balance plan.”

“Our goal is to make sure that all of these businesses have the opportunity to do so through our expanded program at TPA Solutions, which is a key part of the Ascenus mission to address America’s retirement savings crisis,” concluded Kravitz.

 

About TPA Solutions
TPA Solutions is the nation’s largest and foremost retirement TPA, combining high-touch local service with the strength and security of an industry leader. A business division of Ascenus, TPA Solutions’ dedicated team serves 33,000 retirement plan sponsors in 37 locations across the country. For more information, visit tpa.ascensus.com. View career opportunities at https://careers.ascensus.com/tpa.

 

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.


Ascensus Enhances Elite Advisor Program

Program Redesigned to Help Members Elevate Their Client Service Delivery

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has restructured its Elite Advisor program to offer strategic support that enables financial advisors to offer plan sponsor clients an even higher level of personalized service and to better grow their retirement practices.

The program was introduced nearly a decade ago, offering concierge-like services to financial advisors and third-party administrators (TPAs) with large numbers of mutual clients with Ascensus. Today’s Elite Advisor program has been remastered to offer members expanded service and client management resources. Its core goals are to enable Ascensus to develop deeper relationships with the firm’s most loyal advisors and their clients and to help these advisors scale their retirement plan business.

“Our relationships with leading advisors and TPAs have been built on trust, shared goals, and service excellence,” states Jason Crane, head of retirement sales at Ascensus. “The Elite Advisor program is designed to ensure we give these key partners the attention and dedication they deserve.”

Among other benefits, all Elite Advisors and their plan sponsor clients receive dedicated strategic account managers and personalized guidance from Ascensus’ team of ERISA attorneys. Ascensus’ strategic account managers each have several years of retirement industry experience in leadership or relationship management roles. They consult with the program’s members on a regular basis, discussing best practices or providing updates on new services and technology enhancements that can address client’s plan objectives. Strategic account managers also ensure that advisors are up-to-date on the health of their plans and that their clients are receiving the best possible support.

Advisors that achieve top-tier status also receive direct access to Ascensus’ executive team and an opportunity to participate in exclusive, invitation-only events, including the annual Elite Partner Experience.

“We’re committed to providing our Elite Advisor program members with the consultation, expertise, and service model that will best position them for success with their clients,” states Rick Irace, chief operating officer of retirement at Ascensus. “Our program rewards these top advisors not only for their loyalty to Ascensus, but also for their continued commitment to helping clients and their employees save for a more secure retirement.”

For more information on Ascensus’ Elite Advisor program, visit ascensus.com.

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.


Kravitz Hires New Regional Sales Director to Serve Southeastern Market

(Atlanta, GA and Los Angeles, CA) – Kravitz, an Ascensus company, and the leading national provider of Cash Balance retirement plans, today announced the appointment of a new director to lead sales development for the South and Southeast markets.

“Over the past 10 years, Kravitz has rapidly expanded our client base across Georgia, Florida, and South Carolina. We opened an Atlanta office in 2016 and now we’re seeing even higher demand for Cash Balance plans throughout the Southeast region, so we chose a dedicated sales leader to oversee and facilitate growth,” said Dan Kravitz head of Kravitz.

Kravitz tapped Atlanta native and retirement plan sales expert John Benton to head the regional office.

“Having been both a financial advisor and TPA sales professional, I understand both perspectives of the sale and can address advisors’ and clients’ needs as they support and move along the complex Cash Balance sales path,” Benton noted. “I’m excited to help expose more professionals to the powerful benefits of a Cash Balance plan with an industry-leading brand such as Kravitz.”

John Benton brings more than 15 years of retirement industry experience to Kravitz, including a proven track record of sales success at The Retirement Advantage, John Hancock, and Signator Investors (now Royal Alliance). Most recently, he nearly doubled retirement plan revenue in two years, developed six state territories, and set a company sales record.

“I enjoy supporting retirement plan intermediaries and look forward to enabling sales throughout the Kravitz network,” Benton said. That powerful network includes more than 1,900 retirement plan professionals who have completed the Kravitz Cash Balance Coach™ Certification program.

Also known as “hybrid” plans, Cash Balance plans combine the high contribution limits of traditional defined benefit plans with the flexibility and portability of a 401(k). Business owners enjoy greater tax deferral while enhancing employee contributions, and helping to attract and retain top talent.

The Kravitz Atlanta office is located at 201 17th Street, Suite 300, Atlanta, GA. Regional Sales Director John Benton can be reached via email at John.Benton@Kravitzinc.com and 770-356-3018.

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.

About Kravitz
Since 1977, Kravitz, an Ascensus company, has delivered the latest in design, administration, and management of corporate retirement plans. The company designed its first Cash Balance plan in 1989. Today Kravitz administers over 1,700 plans, including more than 950 Cash Balance plans, helping over 160,000 people retire successfully. Headquartered in Los Angeles, the company has offices in New York, Chicago and Atlanta, with satellite offices in 11 other states. Kravitz was acquired by Ascensus in 2017. Visit CashBalanceDesign.com.


Ascensus Appoints New Regional Vice President

Yen Nguyen Joins Sales Team to Support Financial Advisors and Their Clients in the South Texas Region

Dresher, PAAscensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce the appointment of Yen Nguyen as regional vice president on the firm’s retirement plan sales team for the South Texas region.

In this role, Nguyen will work with financial advisors, third-party administrators, and financial institutions—including

institutional partners and DCIO (defined contribution investment only) sales representatives—to build and maintain Ascensus’ retirement plan distribution networks. She will report directly to Chad Brown, divisional vice president of the western region, retirement sales at Ascensus.

Nguyen brings over 12 years of retirement industry experience in sales and business development and has a proven track record in partnering with advisors to design retirement plan programs best suited to clients’ objectives. Prior to joining Ascensus, she served as a regional retirement director at Lincoln Financial and a senior retirement plan representative at Paychex. Nguyen earned her Bachelor of Business Administration degree from the University of Houston and holds her FINRA Series 6 and 63 designations.

“Yen has established herself as a retirement plan sales leader in South Texas who is viewed as a trusted expert by both financial advisors and business owners,” states Jason Crane, head of retirement sales at Ascensus. “By adding yet another talented regional vice president to our team, we’re pleased to demonstrate Ascensus’ continued commitment to helping Americans save for all of life’s most important events.”

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.


Ascensus Receives Top Honors for Exceptional Support from Retirement Plan Clients and Advisors

Firm Receives Most “Best in Class” Awards in <$50MM Segments in PLANSPONSOR Defined Contribution (DC) Survey and Wins 2018 PLANADVISER Adviser Choice Award

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has received the most “Best in Class” Awards among all providers for the under $50 million plan segments in the 2018 PLANSPONSOR Magazine Defined Contribution (DC) Survey. Overall, the firm won a total of 45 awards across the under $5 million, $5 to $25 million, and $25 to $50 million plan segments. Ascensus was also announced as a winner of the 2018 PLANADVISER Adviser Choice Award for recordkeeping services.

For two decades, PLANSPONSOR’s annual DC Survey has been a significant retirement industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own plan sponsor clients. Major providers are rated in the various client categories they serve, and benchmark information is collected for plan sponsors to gauge their plans against their peers.

Ascensus received the following “Best in Class” recognition from PLANSPONSOR:

  • 16 awards in the under $5 million Micro Market segment;
  • 16 awards in the $5 to $25 million Small Market segment; and
  • 13 awards in the $25 to $50 million Small-Mid Market segment.

The firm received “Best in Class” status across the three market segments listed above in every possible category for Plan Administration and Sponsor Service/Support. Ascensus’ participant call centers were also recognized with top honors across all of these segments, highlighting its service team’s exceptional expertise and ability to consult with employees on their savings plans.

Ascensus has also been named a winner in the recordkeeping category of the 2018 PLANADVISER Adviser Choice Awards. The Adviser Choice Awards recognize the firms that retirement specialist advisers favor most as indicated in PLANADVISER’s annual Retirement Plan Adviser Survey. Ascensus received top rankings in the following categories:

  • Best Overall Service, Micro Plans (under $5 million)
  • Value for Price
  • Fee Structure for Plan Sponsors
  • Fee Structure for Advisers

“We’re delighted to receive this recognition from our plan sponsor clients and advisor partners,” states Rick Irace, chief operating officer of Ascensus’ retirement division. “It validates the work that we do every day to enhance our services based on their feedback.”

“These phenomenal results and the industry recognition we’ve received further strengthen our commitment to delivering the technology and expertise that our clients and their employees need to plan for the future,” concludes Irace.

Ascensus will be honored as a 2018 PLANSPONSOR DC Survey Standout and 2018 Adviser Choice Award winner at the 2019 PLANSPONSOR/PLANADVISER Excellence in Retirement Awards on March 28, 2019.

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.


Ascensus IT Leaders Tami Evanson, Ravi Vedala Receive 2019 Ones to Watch Awards from IDG

Honorees Recognized for Exceptional Contributions to Firm’s Continued Innovation and Key Initiatives

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that Tami Evanson, senior vice president of IT, and Ravi Vedala, director of IT applications and engineering, have been named honorees of the 2019 Ones to Watch Award from IDG, the publisher of CIO Magazine, Computerworld, and Infoworld. This prestigious award spotlights rising technology leaders who have what it takes to become the strategic, C-level business technology executives of tomorrow.

Tami Evanson has worked in Ascensus’ IT organization for over 15 years and has contributed to many of the technology initiatives that have propelled the firm’s business forward. In her previous role, she helped Ascensus transition to a DevOps methodology, defining and executing the firm’s software development culture and toolsets. Most recently, Tami has spearheaded M&A due diligence and IT roadmap development. To date, she has successfully integrated 20+ acquisitions into Ascensus’ technology ecosystem.

“Tami approaches every situation looking for win-win outcomes and leverages her knowledge and expertise to find solutions with maximum benefit to all involved. This strength made her uniquely qualified to lead our M&A technology and integration efforts,” states John Schroeder, Ascensus’ chief information officer. “People who work with Tami know that she genuinely cares about them, which helps her establish a strong connection and sense of mutual respect.”

Over his ten-year career at Ascensus, Ravi Vedala has led the development of technology for the firm’s government savings division, working with government partners to build and support websites servicing millions of residents. Most recently, Ravi played an integral role on a high-performing team that was tasked with building a purpose-built technology platform for state-facilitated retirement programs. Today, Ascensus is at the forefront of this technology, supporting dedicated employer and employee websites for participants in existing state programs.

“Ravi brings the perfect balance of expertise, humility, and open-mindedness,” says Schroeder. “His work ethic is truly contagious and motivates his team to do whatever it takes to get the job done. We’re grateful for his continued leadership and his dedication to helping Ascensus and its technology enter an entirely new market in such an impactful way.”

“As CIOs become more involved in corporate-wide decisions and objectives, reliance on qualified and talented people within their IT organizations to manage key projects is critical to overall business success,” notes Tim Scannell, director of strategic content at the CIO Executive Council. “The Ones to Watch Awards are an effective way to acknowledge the success of those individuals who have the right mix of technology and management skills to maintain continuity, drive innovation, and lead solutions teams.”

Evanson and Vedala will accept their awards at the IDG AGENDA19 Conference held March 18-20, 2019.

About Ascensus

Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.

About the Ones to Watch Awards

The Ones to Watch awards spotlight rising technology leaders who have what it takes to become strategic, C-level business technology executives of tomorrow. Candidates have a track record of success, an essential blend of communication and collaboration skills and a keen understanding of business goals.

About CIO

CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with key insights on career development, including certifications, hiring practices and skills development. The award-winning CIO portfolio provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. More information on CIO is available at cio.com.

About the CIO Executive Council

Believing in a members-first approach, CIO Executive Council, a division of IDG Communications, Inc., provides strategic leadership development for the transforming C-suite at the world’s most influential and evolving organizations. The CIO Executive Council offers each member a custom engagement experience that draws upon a wealth of programs and services, including: peer-to-peer interactions, a deep industry knowledge base, a range of professional development programs, and media/public relations opportunities that are tailored to an individual’s strengths and career goals. For more information on joining the CIO Executive Council, visit council.cio.com.


Chard Snyder Appoints Ron Wetzel as Vice President of Operations

Seasoned Veteran Brings Substantial Operational Experience and a Value-Add Customer Experience Philosophy to Employee Benefit Solutions Firm

MASON, OH — Chard Snyder, a third-party administrator of employee benefit solutions and wholly owned subsidiary of technology-enabled retirement, education, and healthcare solutions provider Ascensus, is pleased to announce that Ron Wetzel has been appointed as vice president of operations. He brings over 15 years of experience to the Chard Snyder team and is well versed in customer operations, sales, client services, and leadership.

As vice president of operations, Wetzel will provide oversight and leadership for the administration, implementation, data, and customer service departments. Combining a hands-on approach with a value-add customer experience philosophy, he will lead teams in these departments to exceed expectations while creating exceptional experiences for their customers.

Prior to joining Chard Snyder, Wetzel held a variety of positions in the customer service field, building his skills as a strategic leader and honing his passion for performance management, leadership development, and employee engagement. In previous roles at US Bank and RDI Corporation, he was responsible for establishing strategic vision and goals for customer service while leading day-to-day operations.

Wetzel holds a bachelor’s degree in business administration from Bowling Green State University and has a certification in leadership from the Carnegie School.

“We are excited for Ron to join the Chard Snyder team,” said Barb Yearout, president of Chard Snyder. “His deep operational experience paired with his passion for collaboration and focus on leadership development will be a great addition to our organization.”

About Chard Snyder
Chard Snyder provides employee benefit solutions to nearly 1,500 employers in 40 states across the U.S. Chard Snyder administers savings and spending accounts (FSA, HSA, HRA, and commuter benefits), benefit continuation services (COBRA; retiree, direct, and other billing), and FMLA leave, and provides plan document services. Founded in 1988 by Ken Chard and Joy Snyder, the company employs 180 team members today. Chard Snyder is a wholly owned subsidiary of Ascensus and the anchor of its new Health division. Visit www.chard-snyder.com or call 800.982.7715 to learn more.

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com.
View career opportunities at careers.ascensus.com and http://www.chard-snyder.com/about/careers/.


Ascensus Transitions More Than 15,000 State Farm SEP and SIMPLE IRA Plans to Its Platform

Firms Continue Strong Partnership of Offering Products to Help Individuals Save for Retirement

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has completed the transition of over 15,000 State Farm SEP (Simplified Employee Pension) and SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Accounts) plans to its platform. The transitioned plans contain more than 45,000 IRA accounts.

Ascensus has partnered with State Farm for the past 15+ years to provide retirement solutions in the 401(k) marketplace. The solid relationship built by the two companies over time led State Farm to entrust Ascensus with its SEP and SIMPLE IRA plans. Ascensus’ technology and commitment to service also factored heavily into State Farm’s decision.

State Farm agents will continue to sell SEP and SIMPLE IRA plans, with all new business going to the Ascensus platform.

“First and foremost, it was an honor to be selected by State Farm to jointly service their small business clients given the strong commitment to quality for which the firm is known,” states Mike Narkoff, head of Ascensus’ institutional sales. “In addition, our open-architecture SEP and SIMPLE IRA platform has garnered quite a bit of interest over the last 18 months; we believe that partnering with State Farm to service both existing and new clients offers a glimpse into the platform’s potential for growth and success.”

“It goes without saying that transitioning more than 15,000 plans required tremendous effort from both State Farm and Ascensus,” notes Scott Hintz, assistant vice president, investment planning services at State Farm. “The fact that all of the plans were in place and ready to be serviced as scheduled following the transition is a testament to the skill and dedication of the people who made it happen.”

“State Farm is looking forward to continuing to work and grow with Ascensus as we seek to help more individuals prepare for a secure retirement,” concludes Hintz.

About Ascensus

Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.

About State Farm®

The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its nearly 19,000 agents and approximately 65,000 employees serve approximately 83 million policies and accounts – approximately 81 million auto, fire, life, health and commercial policies and approximately 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.


Ascensus TPA Solutions Expands Sales Organization to Offer Enhanced Regional Support and Enable Continued Growth

Clockwise from top left: Jim Houpt, Eric Sharp, Kasey Price, and Richard Tatum

Jim Houpt, Eric Sharp, Richard Tatum Named Divisional Vice Presidents; Kasey Price Named Head of Institutional Sales

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce the appointments of Jim HouptEric Sharp, and Richard Tatum as divisional vice presidents and Kasey Price as head of institutional sales for the firm’s TPA Solutions business. Through this new structure, TPA Solutions will offer enhanced regional, consultative support to its retirement plan clients while expanding relationships with strategic recordkeeping and financial advisor partners.

In their new roles, the divisional vice presidents will be responsible for helping to create and implement strategies to improve the performance and reach of the TPA Solutions sales team. In addition, they will work closely with the sales team to consult with wholesalers and financial advisors whose prospective and existing small business clients could benefit from the support of a TPA in designing a retirement plan solution.

Jim Houpt, formerly of National Retirement Services, an Ascensus company, will be responsible for the Northeast, Mid-Atlantic, and Central regions. Eric Sharp, formerly of PenSys, an Ascensus company, will lead the Northwest region. Richard Tatum, formerly of Avintus, an Ascensus company, will be responsible for the Southeast and Southwest regions. Collectively, these individuals bring over 75 years of retirement industry experience and extensive expertise in plan design, administration, actuarial services, and recordkeeping services.

“Jim, Eric, and Richard have each built extremely successful TPA practices prior to joining the Ascensus team,” states Jerry Bramlett, head of TPA Solutions. “We feel that they’re the ideal candidates to continue to move our business forward as we become the industry’s leading national TPA, backed by local expertise and personalized service.”

As head of institutional sales, Kasey Price, formerly of Retirement Strategies, Inc., an Ascensus company, will be responsible for managing, creating, and expanding relationships with financial advisors and the industry’s top-tier recordkeeping providers. She will also drive the development of comprehensive sales and marketing collateral to boost client and advisor awareness of TPA Solutions.

“Kasey has built an extraordinarily strong network within the industry and has a great sense of what key partners are looking for in a TPA alliance,” adds Bramlett. “As we continue to expand our footprint, these strategic alliances will become increasingly important to our continued success.”

“We’re looking forward to watching each of these well-established leaders step into their new roles and help us build a national sales force for TPA Solutions,” continues Bramlett. “By investing in new leadership to guide our talented sales consultants, we can help ensure that our business owner clients and key partners continue to receive the support they need to meet their objectives.”

 

About Ascensus
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com/page/show/tpa and careers.ascensus.com.