News Releases

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.

 


NAPA Names Two Ascensus Regional Vice Presidents to 2020 100 Top Defined Contribution (DC) Wholesalers List

Bryan Bracchi, AIF® and Yen Nguyen Recognized as Leading DC Wholesalers, as Voted on by Thousands of Retirement Plan Advisors

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—announced that two regional vice presidents, Bryan Bracchi, AIF® and Yen Nguyen, have been named to the seventh annual list of NAPA 100 Top Defined Contribution (DC) Wholesalers by the National Association of Plan Advisors (NAPA).

Bracchi serves financial advisors and retirement plan clients within the Northern Texas region, including northern Texas and Oklahoma. Nguyen oversees the Southern Texas region, including south Texas and Louisiana.

The finalists for this year’s list, which recognizes the top recordkeeping and Defined Contribution Investment Only (DCIO) external wholesalers, were selected by thousands of retirement plan advisors from a list of hundreds of wholesalers nominated by NAPA Firm Partner recordkeepers and DCIOs.

“We congratulate Bryan and Yen for being named among NAPA’s Top DC Wholesalers,” says Jason Crane, head of retirement distribution at Ascensus. “Receiving this recognition

from the financial advisors we support affirms Ascensus’ commitment to attracting and retaining highly talented and dedicated professionals, as well as our focus on offering independent solutions that enable these advisors’ unique value propositions.”

“Our capable associates across the organization will continue to raise the bar to help ensure that Ascensus remains an essential partner to this critical audience,” concludes Crane.

The complete 2020 100 Top DC Wholesalers list is available on NAPA Net and will be published in the fall issue of NAPA Net the Magazine.

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.


Ascensus Announces Expansion of Personalized Advice and Managed Account Services

Firm’s Technology Integration Offers Institutional Partners and Advisors More Flexibility on Its Open-Architecture Platform

Dresher, PAAscensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has created the infrastructure to expand the managed account services available to its institutional partners and clients. With an open-architecture platform and no proprietary investment requirements, Ascensus is well positioned to support this enhanced level of partner choice. The firm now offers four personalized advice and managed account services, with plans to add more options in the future.

Industry research has shown that employees today seek personalized advice services to help them chart appropriate savings strategies. According to Deloitte, retirement plan sponsors are recording higher-than-ever utilization of managed accounts. In 2019, one in five plan sponsors reported at least 10 percent of employees used managed account services.[1] In response to participant interest and demand, more than half of plan sponsors are offering a managed account service, with this percentage continuing to rise.[2]

“The retirement industry is seeing a trend toward saver personalization, and we believe that managed account solutions are an important piece of that puzzle,” states Dan Basile, Ascensus’ head of product. “By investing in the technology to support choice in advice services, we’re better positioned to offer our partners the ability to implement their own fiduciary solutions moving forward. And, by expanding the managed account services Ascensus offers, we can give financial advisors the freedom to choose the option best suited to their clients’ goals.”

Ascensus offers managed account services from Morningstar Investment Management, NextCapital, Russell Investments, and Stadion. Institutional partners and financial advisors may choose to make one or several of these services available to clients during the plan proposal process.

“We will continue to leverage our purpose-built technology to offer our institutional partners expanded choice and enable them to deliver personalized account management services to their clients and savers,” states David Musto, Ascensus’ president and CEO.

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.

[1] Source: 2019 Defined Contribution Benchmarking Survey Report, Deloitte, 2019.

[2] Source: The Cerulli Report: U.S. Retirement Markets 2018.


Ascensus Launches READYSAVE™ Retirement Mobile App

New App Will Leverage Behavioral Prompts and Situational Guidance to Help Drive Better Retirement Outcomes

Dresher, PAAscensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has launched READYSAVETM, its retirement mobile application. READYSAVE was developed on Ascensus’ proprietary technology platform for use across the firm’s various institutional partners and is available to all participating employees across Ascensus’ retirement recordkeeping platform. Driven by data and backed by behavioral science, READYSAVE helps participants get—and stay—on track to retirement readiness.

In developing READYSAVE, Ascensus gathered insight and feedback from both institutional partners and top financial advisors in the firm’s Elite Advisor program. Ascensus’ team of user experience design professionals leveraged this feedback and applied best-practice design principles to motivate employees to engage more with their retirement accounts.

“Our goal for our participant experience aligns with that of our plan sponsor clients, institutional partners, and financial advisor partners: to enable more savers to save more,” states Carl Negin, Ascensus’ chief marketing officer. “READYSAVE helps deliver on this goal, giving participants the information they need to chart the appropriate savings strategy.”

In its initial release, READYSAVE features accessibility for visually impaired users and is available in both English and Spanish. (Language preferences on users’ mobile phones will automatically determine which version is downloaded and installed.) Once registered, app users can check their account balances, view their rate of return and plan investments, change their savings rates, and review their recent account activity.

Ascensus, in partnership with external research experts, will continuously evolve the READYSAVE experience based on user analytics and feedback. Users can expect enhancements and new functionality to be released regularly, including in-app behavioral nudges designed to illustrate the long-term impacts of increasing or decreasing one’s retirement savings rate. This “best next step” education will help participants feel more confident in their savings decisions and is scheduled for release later this year.

“The READYSAVE launch represents another major milestone in our journey to invest in our digital technology across all audiences, from the individual saver and plan sponsor to financial advisors,” adds David Musto, Ascensus’ president and CEO. “Our mission is to make these experiences as simple, supportive, and seamless as possible, while driving better business and retirement outcomes for our institutional partners and clients who entrust us with their brands.”

READYSAVE is available for download in the Apple App Store® or on Google Play® for Android devices. To learn more about the READYSAVE experience, view a short video here.

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.

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Ascensus Names Naureen Hassan to Its Board of Directors

25-Year Financial Services Veteran Brings Expertise in Business Strategy, Digital Transformation, Wealth Management, and Retail Financial Services

Dresher, PAAscensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that Naureen Hassan joined its Board of Directors this month.

Most recently, Ms. Hassan was the chief digital officer for Morgan Stanley Wealth Management, with responsibility for the business’s digital transformation, strategy, and delivery, focusing on modernizing how the firm and its advisors acquire, serve, and interact with clients.

Ms. Hassan previously was the executive vice president leading Investor Services strategy, segments, and platforms for Charles Schwab, and a member of the firm’s 20-member Executive Committee. She also held leadership roles in Schwab Advisor Services, the leading custodial platform for nearly 7,000 independent advisory firms. Earlier in her career, she worked at McKinsey & Company, specializing in operational and process design for retail and healthcare firms.

“Naureen’s expertise and experience across a variety of disciplines and elements of our lines of business make her a welcomed and valued addition to the Ascensus Board,” said David Musto, president and CEO of Ascensus. “She also shares our passion for advancing diversity and inclusion at Ascensus and in our industry, and will be an engaged supporter and resource in our continued journey.”

About Ascensus

Ascensus helps millions of people save for what matters—retirement, education, and healthcare. 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 116,500 retirement plans, 5.5 million 529 accounts, 400,000 health savings accounts, and 21 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 March 31, 2020


Intac Actuarial Services, Inc. Receives Renewed CEFEX® Certification

Retirement Third-Party Administrator Certified for Adherence to Retirement Industry Best Practices for Seventh Consecutive Year

Woodcliff Lake, NJ—Intac Actuarial Services, Inc., part of FuturePlan by Ascensus (INTAC), is pleased to announce that it has been certified for the seventh consecutive year by the Centre for Fiduciary Excellence, LLC (CEFEX) as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. INTAC provides third-party administration for 401(k), profit sharing, money purchase, 457(b), 403(b), cash balance, and defined benefit plans, as well as plan design, implementation, and consulting services to plan sponsors and advisors.

The ASPPA Standard of Practice describes how a service provider of any size or type can help plan sponsors fulfill their fiduciary obligations. CEFEX uses two classifications: in-house recordkeeping services and third-party administration services. The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure as defined by a cross-industry task force.

“All of us at INTAC take great pride in this CEFEX certification renewal, which reflects our firm’s commitment to exceptional service and support to our clients nationwide,” said Charles Rosenberg, INTAC vice president. “Our pension consultants, actuaries, and plan administrators work hard to uphold the high standards set by CEFEX and continually meet the rigorous requirements of certification.”

INTAC was the first third-party administrator in the state of New Jersey to earn this designation in 2013. Maintaining certification requires a continued adherence to the industry’s best practices and is verified through the organization’s annual renewal assessment, which evaluates operational data and procedures and includes onsite interviews with key personnel. INTAC is registered at http://www.cefex.org/ASPPAAdministration/. Its certificate can be viewed at this site, as can a summary of the Standard.

Rosenberg added that the changes in retirement plan provisions enacted in the SECURE Act and CARES Act present new challenges for plan sponsors, making it all the more critical for third-party administrators and their clients to stay abreast of the evolving retirement plan landscape.

“Our team has been providing the most updated information available about 2020 plan changes,” noted Rosenberg. “The articles and videos on INTAC’s COVID-19 resources website page are designed to help employers understand how these bills may affect their workplace retirement plans.”

For information on the CEFEX certification program and the Standard of Practice, visit www.cefex.org. Information about ASPPA can be found at www.asppa.org.

About Intac Actuarial Services, Inc.

Intac Actuarial Services, Inc. (INTAC) has been providing full-service retirement plan design, implementation, administration, and consulting for employer-sponsored retirement plans since 1977. The firm currently serves more than 2,800 small- to mid-sized companies, business owners, key executives, and employees in 35 states. In 2018, INTAC joined the FuturePlan by Ascensus family of retirement services providers. It was recognized as an NJBiz Best Places to Work in 2019 and has been consistently named by the publication as New Jersey’s #1 401(k) defined contribution provider. For more information, visit intacinc.com.

About FuturePlan

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 55,000 retirement plan sponsors in more than 54 locations across the country as of March 31, 2020. For more information, visit FuturePlan.com.

About CEFEX®
CEFEX, Centre for Fiduciary Excellence, LLC, an Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX is based in Pittsburgh, PA. Connect to CEFEX at www.CEFEX.org, via Twitter @CEFEX1 and on LinkedIn @CEFEX.


Chard Snyder Recognized by WEX Health for Outstanding Achievement at WEX Momentum Virtual Awards Ceremony

Earns Sales Excellence Award for Innovative Growth Strategies 

Mason, OH — Chard Snyder, a national third-party administrator of employee benefit solutions and wholly owned subsidiary of Ascensus, has been honored by WEX Health with a 2019 Partner Excellence Award for outstanding business achievements. The employee benefit solutions provider received the Sales Excellence Award at the WEX Health Momentum event held virtually in place of the annual WEX Health SPARK Partner Conference.

Chard Snyder was selected for the award because of its significant accomplishments in identifying new and innovative ways to drive growth, along with successful execution on unique and differentiated sales strategies, campaigns, and channel programs to enhance partnerships. The firm has been recognized by WEX Health in past years for innovation and service, most recently receiving the Solution Visionary Award in 2018.

“Identifying new and innovative ways to drive growth is key to succeeding in our industry,” said Jeff Ackerson, Vice President, Partner Experience at WEX Health. “Chard Snyder takes calculated risks, focuses on new markets, and leverages relationships within their parent company’s ecosystem that allow them to accelerate growth. They’re an organization that continues to impress. They work to identify key ways to partner with organizations, and constantly challenge themselves to be better, do better, and create more opportunities.”

“We are honored to receive recognition from WEX Health again this year,” said Chard Snyder President Barb Yearout. “The Chard Snyder team works hard every day to provide personal and flexible benefit solutions to make life easier for our clients and plan participants.”

“Our collaboration with best-in-class partners like WEX enables us to offer forward-thinking, easy-to-use solutions supported by smart technology and a dedicated personal team,” concluded Yearout.

The Excellence Awards, established in 2008, are presented yearly and recognize WEX Health Partners that have achieved extraordinary notable accomplishments. Chard Snyder has been a WEX Health partner since 2005.

About Chard Snyder

As a national third-party administrator of employee benefit solutions, Chard Snyder serves 1,500 employers in 38 states across the U.S. Chard Snyder administers savings and spending accounts (FSA, HSA, HRA, 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 over 200 team members today. Chard Snyder is a wholly owned subsidiary of Ascensus and part of its Health & Benefits line of business. Visit chard-snyder.com or call 833.212.1988 to learn more.

About Ascensus

Ascensus helps millions of people save for what matters—retirement, education, and healthcare. 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. Explore Ascensus’ latest data and insights on savings behaviors at pulse.ascensus.com.


Ascensus Announces Upcoming Release of READYSAVE™ Retirement Mobile App

Firm’s Ongoing Technology Investment Focuses on Better Outcomes Driven by Data and Backed by Behavioral Science

Dresher, PA—Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has announced the upcoming release of a proprietary mobile application called READYSAVE™. The app will give users access to their retirement plan accounts to perform key tasks such as enrolling in the plan, checking their balances, changing their savings rates, reviewing recent transactions, and using the Retirement Outlook tool to assess their savings progress.

READYSAVE will be available to all participating employees across Ascensus’ and its outsourced partners’ 401(k) recordkeeping platforms. It represents one of multiple technology investments Ascensus has made that leverages data analytics and behavioral science to deliver meaningful insights at the right time.

“Digital experience continues to be a focus of significant and increased investment for Ascensus,” states Carl Negin, Ascensus’ chief marketing officer. “Our dedicated design and development teams channel their vast expertise in user-centered design, cognitive psychology, and visualization to meet employees’ financial wellness needs and employers’ plan-health objectives.”

READYSAVE will offer a feature that highlights potential consequences of certain decisions in order to encourage positive savings behaviors. As employees make savings decisions, the app will offer illustrations of what those elections might mean for future progress—including projected years to retirement and projected monthly retirement income. This functionality is expected to be released in summer 2020.

Ascensus’ plan sponsor clients recently recognized the company’s commitment to technology leadership in the 2019 PLANSPONSOR Annual Defined Contribution Survey, nominating Ascensus for a total of 15 awards in the technology category (including Participant Call Center, Participant Website, Sponsor Website, Plan Reporting, and Plan Analytics/Benchmarking).

“READYSAVE is the next step in Ascensus’ technology evolution—we’ve redesigned the employee experience to be more supportive, streamlined, and personalized,” adds Negin. “We’ll continue to iterate on READYSAVE and expect to deliver continuous enhancements based on analytics and usage patterns we see from our savers.”

“In the wake of recent market volatility and business challenges, employees are re-evaluating their financial pictures and looking for insights to help them chart appropriate savings strategies,” states David Musto, Ascensus’ president and CEO. “READYSAVE meets this need, helping retirement savers to understand their next steps and to take actions toward achieving more secure futures.”

READYSAVE will be available for download by retirement plan employees in the Apple App Store® or on Google Play® for Android devices beginning this summer. The app will be available in both English and Spanish and will be downloaded in a user’s preferred language based on device settings. To learn more about the READYSAVE experience, view a short video here.

 

About Ascensus
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. 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. Explore the Ascensus’ latest data and insights on savings behaviors at pulse.ascensus.com.

 

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