News Releases

Ascensus to Serve as Founding Educational Sponsor for Certified Plan Sponsor Professional (CPSP™) Credential

Complimentary to Ascensus Retirement Plan Clients, New Credential Supports the Firm’s WellBusiness Framework, Expanding the Definition of Wellness

Dresher, PA—Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce its role as the sole recordkeeper to serve as an educational founding sponsor in the development of the Certified Plan Sponsor Professional (CPSP™) credential.

Created by the Plan Sponsor Council of America (PSCA), a unit of the American Retirement Association (ARA), the credential program covers such topics as retirement plan design considerations, plan fiduciary obligations and risk management, behavioral finance and employee engagement, vendor management and selection, complying with plan audits, and plan and regulatory requirements. Advisors are able to offer the CPSP credential program to their clients with Ascensus-administered retirement plans.

“With more than 40 years of serving clients in the retirement space, Ascensus has realized the immense value that knowledge, access to expertise, and time can bring not only to an employer’s benefits program but also to their bottom line,” states Shannon Kelly, head of Ascensus’ retirement division. “The CPSP credential is just one more example of our commitment to the plan sponsor community and the advisors who serve them.”

Highlights of the CPSP credential and Ascensus’ three-year sponsor commitment include:

  • Exclusive: Ascensus is the only recordkeeper to be a founding sponsor, granting advisors exclusive access to the course for any plan administered by Ascensus.
  • Convenient: Plan sponsors can take the 30-hour multimedia course and the final exam online.
  • Complimentary: Advisors can offer access to the program to any Ascensus plan sponsor or human resource (HR) or benefits professional at no cost, and with no restriction on the number of individuals per employer who may enroll.

The CPSP credential is part of a broader initiative Ascensus is introducing called WellBusiness. WellBusiness is Ascensus’ operating framework to drive business outcomes for retirement plan sponsors. Recognizing that wellness starts with the employer as a pivotal center of influence in ensuring optimal plan health and employee engagement, Ascensus is redefining wellness to include business wellness for employers, in addition to financial wellness for employees.

This is the first phase of what will be an ongoing investment in better defining and delivering value for both plan sponsors and advisors. The WellBusiness framework aims to help employers reduce risks, build sustainable workforces, and develop core competencies—in turn, improving the overall wellness of their businesses.

WellBusiness stems from a simple premise: Businesses that know better will perform better. Empowering plan sponsors—from business owners to HR managers—to confidently manage their businesses’ retirement plans can lead to better business outcomes and, in turn, improve employees’ financial wellness.

“WellBusiness represents a significant advancement in our ability to deliver what advisors and business owners have come to expect from Ascensus: transparent pricing and consistent value,” states David Musto, president of Ascensus. “We’re pioneering a path toward greater overall business wellness, which leads to stronger savings habits, enhanced financial literacy, and better financial security for all savers.”

To learn more about the CPSP credential, visit pscalearn.org.

 

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


Ascensus TPA Solutions, the Nation’s Largest TPA, Becomes FuturePlan by Ascensus

New Name Highlights Independence, Flexibility, Expertise, and Technology Investments

Dresher, PAAscensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—has announced that its TPA Solutions group will become FuturePlan by Ascensus. This communicates the independence, flexibility, expertise, and investments in technology that Ascensus has brought together to create the nation’s largest retirement third-party administrator (TPA).

FuturePlan by Ascensus, which encompasses 42 locations throughout the country, services more than 34,000 plans with 30 different recordkeeping partners. The group’s expertise includes defined contribution plans, defined benefit (traditional and cash balance) plans, ESOPs, specialty plans, and 3(16) fiduciary services.

“FuturePlan by Ascensus gives advisors and plan sponsors a new way of thinking about retirement plan administration,” said Jerry Bramlett, who heads the group. “We’re able to provide high-touch, local service backed by the tremendous resources of a large national organization, including a deep bench of talent, significant ongoing technology investments, data security infrastructure, in-house ERISA expertise, and many other advantages. Because we have a deep commitment to independence and don’t sell investments, we can offer advisors and plan sponsors the flexibility to choose the recordkeeper or investment solution that fits best with their individual needs.”

Over the past few years, Ascensus has welcomed many of the nation’s leading retirement plan TPAs and experts to its organization in creating America’s largest TPA. FuturePlan by Ascensus unites this family of acquired TPAs under one division that offers unrivaled value to clients throughout the country and across many different plan types. Many legacy owners and leaders have chosen to remain with the firm, which is a testament to Ascensus’ thoughtful and diligent approach to integration.

“Most of our senior leaders are legacy firm owners—they’re excited to be part of the ambitious national firm that we’re building together,” Bramlett continued. “We’ve worked hard to preserve the unique strengths and insights from each legacy company while moving to a common workflow, introducing shared service standards, and improving efficiency through better technology, HR, and administrative functions.”

To learn more about FuturePlan by Ascensus, please visit futureplan.com.

About FuturePlan by Ascensus

FuturePlan by Ascensus is the nation’s largest retirement TPA, combining high-touch local service with the strength and security of an industry leader. A business division of Ascensus, FuturePlan by Ascensus’ dedicated team serves more than 34,000 retirement plan sponsors in 42 locations across the country. For more information, visit futureplan.com.

About Ascensus

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


INTAC Recognized as One of New Jersey’s Best Places to Work By NJBIZ

New Jersey’s Largest Third-Party Administration Firm Ranked Among Garden State’s Best Workplaces for Third Straight Year

Woodcliff Lake, NJ—INTAC Actuarial Services, Inc., an Ascensus company, has once again been named one of the best places to work in New Jersey by NJBIZ.

Family-operated INTAC has been providing complete retirement plan administration for more than 3,000 small- to mid-sized companies, their owners, key executives, and employees for over 40 years. The firm works with plan sponsors, recordkeepers, investment advisors, and CPAs to achieve a full understanding of their unique challenges and specific needs, partnering with them to find the right solutions to help them achieve their goals.
NJBIZ’s Best Places to Work survey is conducted annually in a confidential manner, allowing employees to anonymously share feedback about the company for which they work. INTAC was compared to companies from across the state and scored exceptionally high overall, excelling in the areas of leadership and planning, relationships with supervisors, corporate culture, and training & development.

“This recognition has special meaning for us because we strive to create a company culture that values and nurtures our employees,” stated Charles Rosenberg, vice president of INTAC. “Many of our senior executives have been with us for nearly two decades, and our clients and staff benefit from having such highly experienced and dedicated team members working with them.”
In 2018, INTAC was acquired by Ascensus, whose technology and expertise helps millions of people save for retirement, education, and healthcare. This partnership has allowed INTAC to offer its employees exciting growth opportunities.
Honorees of 2019 Best Places to Work in NJ will be celebrated at an awards reception and ceremony on May 1 at the iPlay America Event Center in Freehold, NJ. Rankings for small, medium, and large companies will be announced at the gala.

About INTAC
INTAC Actuarial Services, Inc. has been providing complete administration and consulting to employer-sponsored retirement plans since 1977. INTAC’s professional staff of experienced and innovative plan administrators designs, creates, and continually refines a wide range of qualified retirement plans. We are committed to meeting our clients’ needs by providing these services in a timely, accurate, and cost-effective manner. INTAC, a CEFEX certified firm, has been recognized by NJBIZ as New Jersey’s Top Defined Contribution Provider for five consecutive years as well as one of the Best Places to Work in NJ. For more information, visit www.intacinc.com.

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


Ascensus Announces Agreement to Acquire Oregon-Based Wrangle

Expands Compliance Capabilities with Addition of Leading Provider of Health & Welfare Form 5500 Preparation and ERISA Health & Welfare Plan Document Services

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—has entered into an agreement to acquire Wrangle, the leading provider of health & welfare Form 5500 preparation and related ERISA compliance services in the country.

Based in Junction City, Oregon, Wrangle supports employee benefits brokers and plan sponsors across the U.S. by providing Form 5500 filing services for their clients. The firm’s unrivaled effectiveness in this area is attributable to its unique proprietary technology, which helps brokers by taking on all aspects of the Form 5500 process from beginning to end, including collecting information from carriers, managing schedules and deadlines, and seamlessly e-filing information with the Department of Labor. Wrangle is managed by highly experienced employee benefits professionals who understand the benefits process—especially the strict reporting requirements of ERISA health and welfare regulations, as well as provisions associated with ERISA wrap-plan documents and non-discrimination testing.

ERISA compliance, plan documentation, filing, and related services have been among Ascensus’ core offerings for many years across its Retirement, Health, and TPA Solutions business segments. The firm significantly expanded its benefit administration offerings in 2018 with the acquisitions of Chard Snyder and Benefit Planning Consultants, Inc., which provide consumer-directed healthcare administration (e.g., health savings accounts, flexible spending accounts, and health reimbursement accounts) and benefit continuation services (e.g., Consolidated Omnibus Budget Reconciliation Act and retiree billing administration).

“Wrangle has built a strong business—and reputation—via its proven technology platform (which we intend to maintain and further enhance) that serves hundreds of brokers and plan sponsors,” says David Musto, president of Ascensus. “The real drivers of Wrangle’s success, though, are the people behind the business and the outstanding customer service that they provide; it’s my pleasure to welcome their team of talented and experienced associates to Ascensus.”

“Joining Ascensus will allow us to continue to meet the compliance needs of our clients with the support of a nationally recognized, benefits-focused organization,” says Lynda Taylor, Wrangle’s chief operating officer. “We’ll take advantage of their considerable resources to maintain our status as a service champion and solid partner for those seeking assistance with health & welfare Form 5500 filings and ERISA reporting and disclosure.”

“Wrangle owns an almost 25% market share in providing health & welfare Form 5500 solutions and has long-standing relationships with the nation’s largest employee benefits brokers,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “We’re excited to bring their compliance expertise and technology capabilities in-house to leverage them in our benefits administration business and in our retirement and TPA businesses as appropriate.”

 

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


Ascensus Appoints New Regional Vice President

Jason Wroblewski Joins Sales Team to Support Financial Advisors and Their Clients in the Illinois Region

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

In this role, Wroblewski will work with financial advisors, third-party administrators, and financial institutions—including institutional partners and DCIO (defined contribution investment only) sales representatives—to build and maintain Ascensus’ retirement plan distribution networks. He will report directly to Chad Brown, divisional vice president of the western region, retirement sales at Ascensus.

Wroblewski brings over 15 years of retirement industry experience in sales and business development that have established him as a go-to resource for financial advisors and consultants in his region. Prior to joining Ascensus, he served as TPA vice president at Transamerica and managing director of emerging markets at MassMutual. Wroblewski earned his Bachelor of Arts degree in English from Dartmouth College and holds his FINRA Series 7 and 66 designations.

“As a former financial advisor himself, Jason has a unique understanding of the challenges our clients face,” states Jason Crane, head of retirement sales at Ascensus. “We’re pleased to have him as part of our sales team and are confident that he’ll help strengthen our advisor relationships throughout Illinois.”

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

 


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

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

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

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

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

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

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

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

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

About Aquiline Capital Partners LLC

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

About Genstar Capital LLC

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

About Atlas Merchant Capital LLC

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

About GIC

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


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

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

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

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

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

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

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

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

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

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

 

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

 

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


Ascensus Enhances Elite Advisor Program

Program Redesigned to Help Members Elevate Their Client Service Delivery

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

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

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

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

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

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

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

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


Kravitz Hires New Regional Sales Director to Serve Southeastern Market

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

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

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

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

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

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

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

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

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

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


Ascensus Appoints New Regional Vice President

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

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

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

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

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

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

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