News Releases

Teresa Hassara Named President of FuturePlan by Ascensus

Industry Veteran to Lead National Retirement Third-Party Administrator

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that Teresa Hassara will join the company as president of its FuturePlan by Ascensus line of business effective April 12, 2021. She will immediately become a member of Ascensus’ Operating Committee and report directly to David Musto, president and CEO of Ascensus.

FuturePlan is a leading national retirement third-party administrator (TPA), specializing in the delivery of customized retirement plan consulting and administration services. Prioritizing strong client relationships and a commitment to people, quality, and integrity, FuturePlan offers innovative technology, extensive plan expertise, and robust regulatory compliance services—all backed by the strength of Ascensus. Supported by one of the largest in-house ERISA teams in the industry, FuturePlan serves more than 51,000 plans across the United States.

“Teresa is a truly outstanding leader and individual with tremendous experience and expertise in retirement and financial services,” says Musto. “She has led and grown businesses with great success and driven transformational change to the benefit of client and company alike. It’s also clear that she shares a strong natural affinity for our Core Values and commitment to client delight, making her exactly the right leader to steer FuturePlan’s growth and impact on the industry.”

“I’m thrilled to be joining FuturePlan and Ascensus overall, an organization I’ve admired and respected for its client focus, operating discipline, and strategic agility,” said Hassara. “FuturePlan has done a remarkable job integrating the experiences, tools, and capabilities of multiple entities to create one values-driven business from many. I’m excited to be part of the team tasked with building on these successes—expanding and deepening our relationships and delivering outstanding service and value in the process.”

Hassara most recently served as head of Workplace Solutions for MassMutual, where she led the retirement, worksite insurance, and third-party distribution businesses since 2017. She oversaw a multi-year transformation program as part of her responsibilities there, focusing on enhancing the customer experience, strengthening financial performance, and improving overall organizational health.

Prior to MassMutual, Hassara served as president of TIAA’s Institutional Retirement Business—helping more than four million individuals achieve retirement readiness—and spent a significant part of her career in a number of leadership roles across several disciplines with Fidelity Investments, ultimately serving as senior vice president of Investment Services in Boston and London. She began her career in banking after earning her Bachelor of Arts in Political Science from Vanderbilt University and her Master of Business Administration from The Wharton School of the University of Pennsylvania.

Active in her community, Hassara also has devoted significant time to helping foster greater organizational focus on diversity and inclusion and the advancement of women in the workplace.

 

About FuturePlan by Ascensus
FuturePlan is a national retirement TPA that provides recordkeepers, advisors, and plan sponsors with tools that can help deliver better outcomes for savers. Our highly responsive, personalized service is backed by the strength and security of a national leader in Ascensus. As of December 31, 2020, FuturePlan’s experienced team of experts supports more than 51,000 plan sponsors with more than 1.4 million participants and more than $104 billion in assets under administration. For more information, visit futureplan.com.

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 113,700 retirement plans, 6.0 million 529 accounts, 426,500 health savings accounts, and 23 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of December 31, 2020.


Ascensus Acquires Health & Welfare Form 5500 Preparation and Plan Document Services Business from ABV Advisors

Book-of-Business Transaction Boosts Ascensus’ Compliance Expertise While Increasing Client Base for Health & Welfare Form 5500 Solutions

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that it has acquired the book of business of ABV Advisors, a health & welfare Form 5500 preparation and plan document services business. Financial terms of the deal were not disclosed.

Based in Carmel, Indiana, ABV Advisors is a benefit compliance advisory firm that serves brokers of employee benefit plans, financial advisors, professional employer organizations, and affinity associations throughout the U.S. Its primary specialty is ERISA-related compliance for employee benefit plans, including wrap plan documents, preparation of DOL Form 5500, and Affordable Care Act required Forms 1094-C & 1095-C.

ABV Advisors’ business will further expand the ERISA compliance, plan documentation, filing, and related services that have been among Ascensus’ core offerings for many years across its Retirement, FuturePlan by Ascensus, and Health & Benefits lines of business. In 2019, Ascensus acquired Wrangle, the country’s market leader in providing health & welfare Form 5500 preparation and related ERISA compliance services. Prior to that, Ascensus significantly expanded its health benefit administration offerings, providing consumer-directed healthcare and benefit continuation services via the acquisitions of Chard Snyder, Benefit Planning Consultants, Inc., and HR Simplified.

“The team at ABV Advisors truly understands the importance of an employee benefit plan to a company and its employees, as well as the complexities of maintaining that plan,” says Kevin Cox, president of Ascensus’ Retirement line of business. “Ascensus looks forward to being a trusted partner and resource for ABV Advisors’ brokers, advisors, and plan sponsors via our deep industry expertise, outstanding client service, and proven technology platform.”

“At ABV Advisors, our highly consultative, client-centric approach has allowed us to build trusting, long-lasting relationships with our clients, including large, nationally recognized employee benefits consulting, insurance brokerage, and accounting firms,” notes Anne Vandeveer, ABV Advisors’ president. “We know these clients will receive the same high-touch interactions from Ascensus and look forward to sharing our decades of knowledge and experience in continuing to service these clients.”

“ABV Advisors has worked diligently over the years to cultivate an extremely loyal client base as well as a strong reputation for excellence,” says Raghav Nandagopal, Ascensus’ chief corporate development officer. “Adding their business allows us to continue to build upon that reputation under the Ascensus brand while expanding our health & welfare Form 5500 and ERISA-related compliance capabilities.”

“We’re excited to integrate ABV Advisors’ compliance expertise and build solid, long-term relationships with their network of employee benefit brokers, advisors, and plan sponsors,” Nandagopal adds.


Ascensus Announces Completion of Truist Retirement Recordkeeping Acquisition

All Heritage BB&T Plans Successfully Transitioned to Ascensus Platform

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has completed the acquisition of the heritage BB&T bundled retirement recordkeeping business from Truist Bank that was announced on January 6, 2021. Financial terms of the deal, which closed on March 3, were not disclosed.

In total, this transaction covers more than 1,200 plans with approximately 140,000 participants and more than $6 billion in assets—all of which have been successfully transitioned to Ascensus’ platform. With this addition, Ascensus currently serves approximately 115,000 retirement plans with 3.3 million participants and assets under administration of approximately $209 billion.

“Thanks to the Truist and Ascensus teams’ highly collaborative efforts, we were able to successfully migrate all of the heritage BB&T plans to Ascensus over the course of this past weekend,” said Kevin Cox, president of Ascensus’ Retirement line of business. “I’d like to express my gratitude to Truist for their partnership in supporting the transition of their clients and plans to our platform.”

“We’re pleased to welcome heritage BB&T clients to Ascensus and offer them access to our robust resources, including financial wellness programs, managed account services, and award-winning support,” continued Cox.

“With the ongoing consolidation in the retirement industry, Ascensus plans to pursue similar opportunities to work with organizations to provide an attractive home for their non-core retirement servicing businesses and clients,” stated Raghav Nandagopal, Ascensus’ chief corporate development officer.

 

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.


Ascensus Launches READYSAVE™ 529 Mobile App

First-of-Its-Kind Education Savings App Makes It Easy for Users to Access Information, Track Progress, and Make Contributions

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has launched READYSAVE™ 529, its education savings mobile application. READYSAVE 529 was developed on the firm’s proprietary technology platform for use across 529 programs administered by Ascensus. The app is the latest example of Ascensus’ commitment to providing best-in-class service and technology capabilities to clients and savers. With a design driven by behavioral science, it provides customized user experiences that can drive better savings outcomes.

READYSAVE 529 is currently available to account holders in three programs administered by Ascensus: MOST–Missouri’s 529 Education Plan, Rhode Island’s CollegeBound Saver plan, and Nevada’s SSGA Upromise 529 plan. Ascensus will expand the app’s availability to additional states and savers throughout 2021.

Available for download in the Apple and Google Play app stores, READYSAVE 529 is the first 529-specific app launched by a program manager. In the initial release, users can view their account balance, transaction history, and investment allocations. Additional features include the option to make a one-time contribution or set up recurring transactions, as well as the ability to see how their savings compare with those of peers in the same plan. Ascensus, in partnership with external research experts, plans to continuously evolve the READYSAVE 529 experience based on user analytics and feedback.

“While researching and developing READYSAVE 529, we discovered that users were looking primarily for two things: a simple way to view their education savings’ progress and guidance on what they can do to keep their savings on track,” said Peg Creonte, president of Ascensus Government Savings. “In response, we designed our app to make it easy for users to monitor their education savings strategies and adjust them as needed to give them the best chance of reaching their goals.”

“As the market leader in 529 plan administration,1 Ascensus is proud to continue to invest in and develop technology like READYSAVE 529 that ensures account holders can transact on their accounts quickly and efficiently,” stated David Musto, Ascensus’ president and CEO. “By applying user-centered design, cognitive psychology, and visualization, our dedicated design and development teams have made saving for education more mobile in order to meet the needs of both savers and our partners.”

 

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 113,700 retirement plans, 6.0 million 529 accounts, 426,000 health savings accounts, and 23 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of December 31, 2021.

Apple App Store is a registered trademark of Apple Inc.
Google Play and the Google Play logo are trademarks of Google LLC.

1 Ranked by assets under administration. Source: Institutional Shareholder Services (ISS). 529 College Savings Quarterly Data Update: Q4 2020. January 2021.


Ascensus Receives Top Honors from Retirement Plan Sponsors for Providing Best in Class Support

Firm Wins Most Best in Class Awards for Plans Up to $50MM in PLANSPONSOR Defined Contribution Survey

Ascensus—whose technology and expertise help 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 retirement plan segments up to $50 million in assets in the 2020 PLANSPONSOR Magazine Defined Contribution (DC) Survey. This marks the third consecutive year that the firm has received the most awards for the up to $50 million segment. Overall, Ascensus won a total of 72 Best in Class awards and received the highest Net Recommendation Score among all providers for the $5 million to $25 million plan segment.

For over 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. “Plan sponsors rate their providers by category, and those ratings are compared to benchmarks to establish Best in Class standards,” according to PLANSPONSOR’s research team.

Ascensus received PLANSPONSOR Best in Class recognition in the following categories:

  • 10 awards for Sponsor Services
  • 16 awards for Service Teams and Support
  • 22 awards for Plan Administration
  • 15 awards for Investments and Fees
  • 9 awards for Participant Services

The firm also received Best in Class status for all plan segments up to $200 million in every possible category for Service Teams and Support, including plan knowledge, compliance support, and regulatory updates. Ascensus is home to one of the nation’s largest ERISA retirement and legal compliance practices, with over 75 ERISA professionals.

“Throughout 2020, our Service team provided the high-touch support and expertise our clients needed to navigate the business challenges posed by COVID-19,” notes Rick Irace, chief operating officer of Ascensus’ Retirement and Health & Benefits lines of business. “Backed by our team of compliance experts, we provided timely analysis of new legislation and regulatory changes to ensure plan sponsors and their employees understood the options and relief available to them.”

Ascensus received Best in Class awards in the $50 million to $200 million plan segment for the first time this year, reflecting its investment in the technology and services necessary to support growing businesses. In 2020, Ascensus launched the READYSAVETM retirement mobile app and expanded its managed accounts services to provide more personalized guidance and advice throughout employees’ retirement planning journey. Additionally, the firm recently introduced a digitized plan proposal platform, which embodies the freedom and flexibility Ascensus offers advisors and their retirement clients as an independent provider. This new platform features multiple levels of customization, allowing advisors to present the service model, investments, and plan features that best serve their clients’ needs.

PLANSPONSOR calculated Net Recommendation Score (NRS) for each plan provider based on DC Survey results, with Ascensus receiving the highest overall score for the $5 million to $25 million plan segment at 94.3%. Ascensus also ranked no. 3 for the under $5 million plan segment with a 92.1% NRS, highlighting the firm’s continued expertise and commitment to service excellence for small market retirement plans.

“We’re thrilled to receive this recognition from our retirement plan clients,” states Kevin Cox, president of Ascensus’ Retirement line of business. “These results validate that the technology and service investments we’ve made enable us to deliver a top-tier service experience at an excellent value to the clients and institutional partners we serve.”

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 113,700 retirement plans, 6.0 million 529 accounts, 426,500 health savings accounts, and 23 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of December 31, 2020.


FuturePlan by Ascensus Appoints Kasey Price as Head of Sales

Highly Respected Retirement Industry and FuturePlan Leader Will Oversee Organization’s Sales Strategy and Distribution Efforts to Provide Partner and Client Value

Dresher, PAFuturePlan by Ascensus—the nation’s largest retirement third-party administration (TPA) company—is pleased to announce the appointment of Kasey Price as head of sales. She will report to David Musto, interim president of FuturePlan and president and CEO of Ascensus.

Previously serving as FuturePlan’s head of institutional sales, Price was responsible for developing, managing, and expanding relationships with financial advisors and the retirement industry’s top-tier recordkeeping providers. In her new role, she will guide FuturePlan’s sales strategy and broader distribution efforts,  overseeing and contributing to critical projects and initiatives focused on increasing client value and growing the business. Price will continue to lead the institutional sales and internal sales teams, adding national field sales to her responsibilities.

Price brings more than 25 years of retirement industry experience to her newly created position. Prior to joining FuturePlan, she was a founding partner and CEO of Georgia-based Retirement Strategies, Inc. (RSI), a TPA firm known for its strong strategic partnerships with advisors and recordkeepers. Price holds a Bachelor’s Degree in Economics and Corporate Finance from Augusta State University.

“Kasey has been an extremely valued member of our organization since RSI became part of FuturePlan in 2017,” said Musto. “Her ability to build and advance client relationships is second to none, and she’s extremely well-respected by her peers both inside our walls and throughout the retirement industry.”

“This is a critical role, and I can’t think of anyone better to lead the FuturePlan salesforce so that we may better serve our clients and grow our organization in 2021 and beyond,” concluded Musto.

 

About FuturePlan by Ascensus
FuturePlan by Ascensus is the nation’s largest retirement third-party administrator, combining high-touch local service with the strength and security of an industry leader. A line of business within Ascensus, FuturePlan’s dedicated team serves more than 53,000 retirement plan sponsors across the country as of September 30, 2020. For more information, visit futureplan.com.

 

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.


Ascensus Announces Agreement to Acquire Recordkeeping Retirement Business from Truist

Transaction Includes Heritage BB&T Plans Along with Heritage BB&T Outsourced Recordkeeping Business Currently Serviced by Ascensus

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that it has entered into a definitive agreement to acquire the heritage BB&T bundled recordkeeping retirement business from Truist Bank. Ascensus will now serve as the recordkeeper for the heritage BB&T plans as well as the plans for which it currently serves as outsourced recordkeeper. Financial terms of the deal were not disclosed.

In total, the Truist business acquired by Ascensus covers more than 1,200 plans with approximately 125,000 participants and $5 billion in assets. The transaction, which is anticipated to close in the first quarter of 2021, will increase Ascensus’ retirement plan count to more than 115,000, its participant base to more than 3.4 million, and its retirement plan assets under administration to more than $192 billion.

Truist has partnered with Ascensus for the past 12 years as the outsourced administrator for a segment of its retirement business. The long-standing relationship built by the two companies over time led Truist to select Ascensus to service both the current Ascensus-administered plans as well as the legacy plans that were previously administered in-house. Ascensus’ strong track record as a partner; ongoing commitment to client focus, service quality, and technology solutions; and industry-leading compliance and regulatory capabilities contributed to its selection.

“We’re extremely honored that Truist chose Ascensus to serve its heritage BB&T and Ascensus-administered retirement plans going forward,” said Kevin Cox, president of Ascensus’ Retirement line of business. “We’ve enjoyed a great degree of success in partnership with Truist and look forward to continuing our tradition of service excellence in helping participants save for retirement.”

“This transaction brings a large group of clients to the Ascensus platform, and we’re delighted to reach this agreement with Truist,” notes Raghav Nandagopal, Ascensus’ chief corporate development officer. “Our commitment to helping savers in America prepare for retirement is strong, as is our promise to provide differentiated solutions in recordkeeping, financial wellness, managed accounts, and analytics capabilities that help our clients better manage their retirement programs.”

 

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 114,400 retirement plans, 6.2 million 529 accounts, 417,000 health savings accounts, and 23 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of September 30, 2020.


Ascensus Appoints Two New Regional Vice Presidents

Elice Lee and Linsi Wolfe Join Retirement Plan Sales Team to Support Financial Advisors and Their Clients

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce the appointments of Elice Lee and Linsi Wolfe as regional vice presidents on the firm’s retirement plan sales team.

Lee and Wolfe are tasked with building and maintaining Ascensus’ retirement plan distribution networks by working with financial advisors, third-party administrators, and financial institutions—including institutional and DCIO (defined contribution investment only) partners. Both will report to Lori Zeman, retirement sales divisional vice president of the western region.

Lee will serve the North territory, covering Minnesota, North Dakota, South Dakota, and Wisconsin. She brings nearly 20 years of financial industry experience to her role, and most recently worked as a regional sales consultant for the North territory at Ascensus. She has also held retirement sales positions at CUNA Mutual Retirement Solutions and Genworth Financial Wealth Management.

Lee earned her Bachelor of Business Administration degree in Marketing from DePaul University. She also holds FINRA Series 6, 63, 66, and 7 designations along with life and health insurance licenses.

Wolfe will continue to build upon her eight years of financial industry experience by representing Ascensus in the Pacific Northwest region, covering Alaska, Idaho, Montana, Oregon, Washington, and Reno, Nevada. She previously held multiple positions at Fisher Investments, most recently serving as vice president of institutional business development in support of their managed account offering.

Wolfe earned her Bachelor of Science degree in Human Resources Management from University of Phoenix and her Associate of Arts degree in Human Resources Management and Services from Clark College.

“We’re extremely pleased to continue to provide advisors and their clients with high-quality support and expertise by welcoming Elice and Linsi to the Ascensus team,” said Jason Crane, Ascensus’ head of retirement distribution. “Both bring exceptional relationship building and business development skills, along with an unparalleled commitment to serving our partners, that will allow them to excel in their new roles.”

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 114,400 retirement plans, 6.2 million 529 accounts, 417,000 health savings accounts, and 23 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of September 30, 2020.


Mutual of Omaha Renews Relationship with Ascensus for Retirement Recordkeeping Services

Firms Continue to Build on More Than Two Decades of Collaboration

Mutual of Omaha Retirement Services recently announced its decision to extend its longstanding relationship with Ascensus as its small- and mid-market retirement recordkeeping and administration services provider.

Mutual of Omaha began its relationship with Ascensus in 1997. Since that time, its retirement plan business has grown to more than 2,000 plans representing over 80,000 plan participants, with approximately $3.6 billion in assets under administration. Mutual of Omaha and Ascensus have developed a uniquely supportive and collaborative service model, with a 98% Overall Satisfaction rating.[1] Ascensus also continues to be recognized for its retirement expertise and technology, receiving the most PLANSPONSOR “Best in Class” Awards among all providers in the under $50 million plan segment.[2]

We continue to be impressed by the strategic growth opportunities presented by Ascensus. We are excited to continue to explore opportunities to collaborate on strategic initiatives going forward,” says Laura Huscroft, VP of 401(k) with Mutual of Omaha Retirement Services.

Mutual of Omaha Retirement Services has been in the retirement services business for more than 45 years, providing a 401(k) solution for plan sponsors that’s easy to understand and simple to administer. And for plan advisors, whether they are new to the 401(k) business or seasoned veterans, Mutual of Omaha offers support from pre-sale prospecting through plan onboarding and everything in between.

“The success of our long-standing partnership with Mutual of Omaha has been largely founded in our shared principles,” states Kevin Cox, president of Retirement at Ascensus. “Mutual of Omaha’s commitment to quality, innovation, and their clients’ best interests aligns extremely well with our noble purpose of helping people save for what matters.”

“We’re pleased to have the opportunity to continue to support the Mutual of Omaha Retirement Services organization and the business owners and employees who depend on them for their retirement planning needs,” concludes Cox.

Most recently, Mutual of Omaha introduced an Ascensus-developed retirement mobile app, READYSAVETM, to its clients to help improve retirement outcomes. Driven by data and backed by behavioral science, READYSAVE helps participants get—and stay—on track to retirement readiness.

“We value the deep roots we’ve established in our longstanding relationship with Mutual of Omaha and look forward to helping them continue to grow their business in the retirement plan marketplace, gain efficiencies, and enhance service delivery to their retirement plan clients,” adds David Musto, president and CEO of Ascensus.

[1]Based on a rating of five, six, or seven on a seven-point scale. These ratings are considered “best-in-class” by Chatham Partners, a market research firm specializing in financial services. Chatham’s proprietary industry benchmark includes 10 major plan providers. Mutual of Omaha commissioned Chatham Partners to conduct a client satisfaction survey among customers of United of Omaha Life Insurance Company and Companion Life Insurance Company, which was conducted in May 2019 with a response rate of 23%. Survey results are limited to those expressing an opinion. Chatham Partners is an independent research firm and is not affiliated with Mutual of Omaha or any of its affiliated entities.

[2]PLANSPONSOR, 2019 Defined Contribution Survey, January 2020

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 115,500 retirement plans, 6.2 million 529 accounts, 405,000 health savings accounts, and 22 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of June 30, 2020.

About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a highly-rated, Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. As a mutual company, Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha Retirement Services, visit www.GetRetirementRight.com.


Ascensus Announces New Digital Retirement Plan Sales Proposal System

Next Development in Series of Technology Investments Is Designed to Create Efficiencies for Advisors and Drive Analytics-Informed Behavior

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce the upcoming launch of a new, customizable retirement digital sales experience.

Central to the experience is an updated plan sales proposal system debuting in the fourth quarter of 2020 for advisors accessing Ascensus-branded solutions. Ascensus will expand availability of the new system to institutional partners shortly thereafter.

The proposal platform embodies Ascensus’ position as an independent provider, affording advisors the freedom to feature the service model, investments, and managed account programs that best serve their clients’ needs. It also continues to deliver on Ascensus’ commitment to bring exceptional technology to its institutional partner and advisor audiences, including:

  • multiple levels of investment and service customization to satisfy advisor, plan sponsor, and broker-dealer personalization needs;
  • a compelling visual system optimized for the screen, making it easier for advisors to sell virtually;
  • a new interactive framework, complete with embedded communications and demos to preview employer and employee experiences; and
  • the flexibility to present the plan journey end-to-end or navigate to the topics most relevant to clients.

“We’ve transformed Ascensus’ proposal system to allow advisors to select plan features that suit their clients’ unique needs,” states Jason Crane, Ascensus’ head of retirement distribution. “The platform also tracks data analytics and provides reporting to facilitate targeted messaging, yielding more efficient and productive outcomes for advisors and our partners.”

The evolution of Ascensus’ retirement plan sales experience is yet another example of the firm’s dedication to providing the retirement tools and resources necessary to help people save for what matters. Earlier this year,  Ascensus launched the READYSAVETM retirement mobile app and expanded its managed accounts services in response to the growing client and employee demand for more personalization and guidance.

“The soon-to-launch Ascensus digital sales experience will further enhance our ability to track and measure how employers are engaging with our services,” says Kevin Cox, president of Ascensus’ Retirement line of business. “These insights will help inform how we continue to enhance our products and technology to meet the evolving needs of the advisors, institutional partners, and employers we serve.”

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.

Get the latest trends and insights based on our proprietary data from more than 115,500 retirement plans, 6.2 million 529 accounts, 405,000 health savings accounts, and 22 ABLE plans.* Inside America’s Savings Plans highlights average savings levels across these tax-advantaged accounts and showcases plan features that drive participation and growth. The State of Savings report outlines how plan contribution and withdrawal behaviors have shifted over the course of 2020 and since the passage of the CARES Act.

*As of June 30, 2020.