News Releases

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.

 


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.