News Releases

FuturePlan by Ascensus Appoints Greg Taylor as Divisional Vice President for the Southern California Region

Industry Veteran to Provide Retirement Plan Clients with Enhanced Consultative Support and Expand Relationships with Strategic Recordkeeping and Financial Advisor Partners

Dresher, PA — FuturePlan by Ascensus—the nation’s largest retirement TPA—is pleased to announce the appointment of Greg Taylor as divisional vice president (DVP) for the Southern California region.

In this role, Taylor will be responsible for helping to create and implement strategies that will drive the continued success of the FuturePlan sales team. He will also consult with sales representatives from FuturePlan’s recordkeeping partners and financial advisors whose prospective and existing small business clients could benefit from the support of a TPA in designing a retirement plan solution. Taylor joins FuturePlan’s national sales team that was announced earlier this year: Kasey Price (head of Institutional Sales), Jim Houpt (DVP of the Northeast, Mid-Atlantic, and Central regions), Richard Tatum (DVP of the Southeast and Southwest regions), and Eric Sharp (DVP of the Northwest region).

Taylor brings more than 40 years of retirement industry experience and extensive expertise in plan design, administration, actuarial services, and recordkeeping services. He most recently served as executive vice president in charge of QBI, an Ascensus company, which he co-founded in 1978. He has been an active member in industry organizations—including the American Society of Pension Professionals & Actuaries (ASPPA) and the National Institute of Pension Administrators (NIPA)—throughout his career. Taylor received a Bachelor of Arts degree in Economics from UCLA, where he was an offensive lineman on university’s football team.

“Greg is a well-established leader who has enjoyed tremendous success in the TPA industry by virtue of his superior work ethic and business acumen,” states Jerry Bramlett, head of FuturePlan. “Our business owner clients and key partners in the Southern California region will no doubt benefit from his ability to provide the support they need to meet their objectives.”

 

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’s dedicated team serves more than 44,000 retirement plan sponsors in more than 40 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.


Ascensus Selects NextCapital to Develop More Personalized Investment Options to Better Address Client Needs and Improve Retirement Outcomes

Russell Investments’ Custom-Managed 3(38) Solution Is First Offering to Take Advantage of New Capabilities

Dresher, PA — Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is implementing NextCapital’s customizable technology platform to accommodate a growing need for more flexible investment and fiduciary solutions at the institutional and participant levels. Russell Investments will become the first firm to provide participant-level 3(38) protection on their Personalized Retirement Accounts (PRAs) utilizing the NextCapital technology.

Ascensus chose NextCapital—the leader in enterprise digital advice® platforms—based on its stellar reputation for enabling institutions to deliver scalable, personalized planning and advice, both inside and outside of 401(k) plans. Third parties, including financial advisors and Ascensus’ key distribution partners, can customize the NextCapital platform and assume the role of the fiduciary. Alternatively, NextCapital can serve as fiduciary while providing advice to participants.

The collaboration with NextCapital allows Ascensus to expand on its ability to:

  • deliver valued-added advice solutions to advisors and their clients;
  • offer future institutional and distribution partners the ability to implement their own fiduciary solutions; and
  • improve retirement outcomes through higher usage of advice by participants.

“Ascensus’ collaboration with NextCapital will allow us to be much more nimble and flexible when it comes to offering in-plan employee advice solutions,” states Jason Crane, head of retirement sales at Ascensus. “The addition of NextCapital’s platform will help us adhere to our philosophy of an independent, conflict-free business model.”

This is the first of many technology investments for Ascensus as it broadens its fiduciary capabilities to help advisors and plan sponsors better manage risk. The enhancement offers an opportunity for Ascensus to expand relationships by supporting unique investment management approaches with partners that complement Ascensus’ business model, philosophy, and values. One such partner is Russell Investments, which will be launching PRAs with Ascensus in August.

PRAs are leading-edge personalized and automated advice solutions for participants that can also function as a plan’s qualified default investment alternative. These personalized investment portfolios are tailored to the specific needs of the account holder and are increasingly desired by retirement plan advisors and sponsors who are looking to provide an added layer of guidance for participants.

Unlike target date funds, PRAs include factors beyond a participant’s age and target retirement date, such as gender, salary, current account holdings, contribution rates, market experience, and additional retirement assets held outside of the managed account. According to John Uricchiobusiness development director of Defined Contribution at Russell Investments, one of the biggest benefits of a PRA is how easy it is to use.

“Participant information is pulled from existing data held by the plan’s recordkeeper, minimizing the amount of participant input required to provide customized advice,” says Uricchio. “Participants also have the ability to provide additional details—such as information about outside investments—to make the recommendation even more personalized.”

“Ascensus will continue to invest in, develop, and leverage purpose-built technology to help partners who are looking to expand their product capabilities and, most importantly, drive better retirement outcomes for both present and future savers,” concludes Crane.

 

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 NextCapital

NextCapital is the leader in enterprise digital advice. NextCapital partners with world-class institutions to deliver personalized planning and managed accounts to individual investors across multiple channels including 401(k), IRA, and taxable brokerage accounts. Our open-architecture digital advice solution provides integrated account aggregation, analytics, planning and portfolio management, and allows partners to customize advice methodology and fiduciary roles. “NextCapital” is a brand name representing NextCapital Group, Inc. and its wholly owned subsidiaries, NextCapital Software, Inc. and NextCapital Advisers, Inc. NextCapital Advisers, Inc. is an investment adviser registered with the Securities and Exchange Commission (SEC). NextCapital Software, Inc. is not registered with the SEC and does not provide investment advice.

 

About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment solutions provider, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries, manages US$290 billion in assets (as of March 31, 2019) and provides consulting services on $2.3 trillion in assets (as of December 31, 2018). Russell Investments specializes in multi-asset solutions and investment and implementation services with a goal of delivering the best investment strategies, managers and asset classes to its clients around the world. Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as New YorkLondonTokyo and Shanghai.


Ascensus Announces Acquisition of Contractor Retirement and Benefit Solutions Provider Beneco

FuturePlan by Ascensus to Offer Advanced Expertise in Increasingly Complex and Competitive Prevailing Wage Market

Dresher, PA—Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has acquired Beneco, a leading provider of bundled retirement and health & welfare benefits administration solutions in the prevailing wage market, from Alpine Investors. The firm, which offers a full suite of recordkeeping, third-party administration, and benefit plan consulting services, will immediately become part of the FuturePlan by Ascensus line of business.

Beneco, which is headquartered in Scottsdale, AZ, allies with contractors to empower them to build their businesses while helping their employees work toward a secure and prosperous future for their families. With more than three decades of benefits experience serving the prevailing wage space, Beneco has the expertise and credibility needed to serve the complex needs of prevailing wage business owners and their employees. Waller Helms Advisors served as the exclusive financial advisor to Beneco and Alpine Investors for the transaction.

“At FuturePlan, we understand that contractors face unique challenges when it comes to creating and managing an employee benefits plan while keeping the cost of their bids down,” states Jerry Bramlett, head of FuturePlan. “Beneco is one of the largest prevailing wage specialists in the country—adding their significant scale and unrivaled expertise to the FuturePlan team will allow us to help prevailing wage businesses to build a better future for their employees while giving them the ability to be more competitive with their contract bids.”

“For more than 30 years, Beneco has partnered with prevailing wage businesses all over the country to help them provide their employees with comprehensive benefits and valuable retirement plans,” states Kristy Bryson, Beneco’s chief executive officer. “We have invested time and resources to successfully position our business for the future and are excited to execute on new growth opportunities as part of FuturePlan.”

“Acquiring Beneco allows FuturePlan to significantly strengthen its position in the prevailing wage market,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “It also expands our presence in Arizona, which continues to be an attractive region in terms of growing our geographic footprint.”

“We continue to look at attractive opportunities that expand our existing businesses, fill product gaps, and penetrate new geographies within the retirement and health & wealth market segments,” concludes Nandagopal.

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

Bryan Bracchi Joins Sales Team to Support Financial Advisors and Their Clients in the Northern Texas Region

Dresher, PA – Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce the appointment of Bryan Bracchi as regional vice president of the firm’s retirement plan sales team for the Northern Texas region, covering North Texas and Oklahoma.

In this role, Bracchi 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.

Bracchi brings nearly 20 years of retirement industry experience to his role, including expertise on territory development and fostering strong client relationships. Prior to joining Ascensus, he served as vice president, senior retirement plan strategist at Franklin Templeton Investments and vice president, retirement plan consultant at Oppenheimer Funds. Bracchi earned his Bachelor of Science degree in Business—Human Resource Management from Auburn University and holds his FINRA Series 7, 63, and 66 licenses along with his Accredited Investment Fiduciary® and Certified Health Savings Adviser designations®.

“Bryan’s deep industry knowledge and excellent communication skills allow him to establish a rapport with clients that helps him to accurately assess—and ultimately meet—their needs,” states Jason Crane, head of retirement sales at Ascensus. “We’re looking forward to watching him apply his professional and interpersonal skills to building and maintaining advisor relationships in the Northern Texas region.”

 

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 President David Musto to Assume Chief Executive Officer Responsibilities in 2020, Bob Guillocheau to Remain Chairman

Dresher, PA — Ascensus—whose technology, expertise, and collaborative partnership help more than nine million people save for retirement, education, and healthcare—announced today that David Musto, currently president of the organization, will add chief executive officer (CEO) responsibilities to his role, effective January 1, 2020Bob Guillocheau, currently chairman and CEO of Ascensus, will continue to serve as chairman.

“I’m delighted that David will soon be leading our organization forward as CEO,” said Guillocheau. “His deep industry perspective, expertise, and leadership skills are exactly what we need to take Ascensus to the next level and grow our competitive advantage.”

Musto added, “I’m honored by the opportunity to build on what Bob has achieved for Ascensus. Our commitment to our clients, partners, and associates has never been stronger, and our investments in our capabilities and services will only continue to grow.”

Musto joined Ascensus in 2017. As president, he is responsible for growing the company’s existing businesses. With more than 30 years of experience in financial services, he previously served as president of Great-West Investments, executive vice president of Empower Retirement, and CEO of J.P. Morgan Retirement Plan Services. His early career spans executive roles with Prudential Financial, CIGNA, and Kamoon, a start-up financial software company. Musto earned an MBA in Finance and International Business from NYU-Stern School of Business and a BBA in Finance from The College of William and Mary.

Guillocheau is a financial services industry veteran with more than 35 years of experience. He joined the company in 2003 and has held the role of CEO since 2005. Guillocheau was named chairman in 2017. Previously, he was executive vice president and general manager of First Data Retirement Services, chief operating officer of ChannelWave, and chief financial officer for Mellon Bank’s Mutual Fund Services Group. He holds a B.S. in Economics and Accounting from The College of the Holy Cross.

 

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 Continues Expansion in Benefits Administration Space with Agreement to Acquire HR Simplified

Firm’s Burgeoning Health and Benefits Line of Business Extends Geographic Footprint and Builds Upon Expertise in Consumer-Directed Health and Benefit Continuation Services

Dresher, PA — Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has entered into an agreement to acquire HR Simplified, a third-party administration (TPA) firm that services consumer-directed health (CDH) plans and provides COBRA administration. HR Simplified’s offerings include health savings accounts, flexible spending accounts, health reimbursement arrangements, pre-tax commuter benefit programs, along with other benefit continuation services. It will immediately become part of Ascensus’ Health and Benefits line of business.

HR Simplified, which is based in Minneapolis, MN, has been providing national employee benefit administrative solutions since 1997. The firm offers a full suite of pre-tax spending account administration options, COBRA & retiree billing solutions, and employee benefit compliance services, providing clients with access to exceptional service, technology, and educational materials at both the employer and participant levels.

“HR Simplified is a well-regarded firm that is renowned for offering a ‘no noise’ approach to benefits administration and serving their clients with passion, enthusiasm, and integrity,” states David Musto, president of Ascensus. “When combined with the fact that they’ve developed and cultivated a solid reputation for reliability and dependability, it’s easy to understand why we believe that they’ll play an important role in the growth of Ascensus’ Health and Benefits line of business.”

“I’ve always stated that the foundation of HR Simplified’s success is the human touch,” says Mike Melnychuk, HR Simplified’s president. “In Ascensus, we’ve found an organization that will allow us to continue to offer the very best in benefits administration; they share our dedication to providing excellent service and finding solutions that best fit clients’ needs.”

“We’re delighted to welcome HR Simplified to Ascensus not only because of their great associates and their strong knowledge base, but also because the firm is a strong cultural fit,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “In addition to the recent acquisitions of Chard Snyder, BPC, and Wrangle, HR Simplified is another example of our ongoing commitment to building a national CDH and benefits administration business.”

 

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 Acquires United Retirement Plan Consultants

Firm Expands FuturePlan Division to Deliver Unmatched Levels of Service, Innovation, and Expertise to a Broader National Client Base

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—has acquired United Retirement Plan Consultants (URPC). The third-party administration (TPA) firm will immediately become part of FuturePlan by Ascensus.

Based in Dublin, Ohio, URPC is a leader in retirement plan design, consulting, and administration services. The firm delivers tax‐efficient retirement plans—including 401(k), traditional defined benefit, cash balance, and employee stock ownership plans—and serves thousands of clients from sales and service centers in office locations throughout the country.

“Like FuturePlan, URPC is structured as a national network of local experts,” states Jerry Bramlett, head of FuturePlan. “Our leadership group is looking forward to working with the 200+ URPC associates to continue to provide their clients with great support while building an enhanced service experience.”

“With the addition of URPC, FuturePlan now has more than 48,000 plans under administration,” continues Bramlett. “We see an opportunity to use their scale to further the expansion of our national TPA service model. Along with our continued investment in technology, infrastructure, sales, plan services, and solutions delivery capabilities, this will further strengthen our geographic focus and help to deepen our platform, channel partner, and financial advisor relationships.”

“Our proven, successful, and thoughtful approach to integration will allow us to bring URPC into FuturePlan to continue to deliver a best-in-class service experience. We’d like to thank outgoing CEO Lee Bachu for her contributions to the business and wish her continued success,” concludes Bramlett.

“URPC brings meaningful size to FuturePlan with a comprehensive array of product offerings that are well aligned to expand our growth strategy,” states Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “In addition, this acquisition will be additive to our ongoing geographic expansion, especially in terms of providing access to areas where we are seeking to establish a greater presence.”

“We look forward to leveraging URPC’s national presence and service delivery model,” continues Nandagopal. “And we are delighted for URPC’s associates to become part of the FuturePlan team.”

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’s dedicated team serves more than 48,000 retirement plan sponsors in over 40 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.


Ascensus Expands Arizona Footprint with Agreement to Acquire Pension Strategies, Inc.

Addition of Retirement TPA Offers Clients Access to More Expertise and Extends Reach of FuturePlan by Ascensus

Dresher, PA  Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has entered into an agreement to acquire Pension Strategies, Inc. The third-party administration (TPA) firm will immediately become part of FuturePlan by Ascensus.

Based in Phoenix, Arizona, Pension Strategies provides customized qualified retirement plan consulting, design, and administration for small- to medium-sized businesses. The firm’s high-caliber team works closely with clients and advisors to develop creative solutions and meet evolving goals via progressive thinking, exceptional service, and professional teamwork.

“Among other things, Pension Strategies is known throughout the industry for its in-depth knowledge base, commitment to service, and responsive solutions,” says Jerry Bramlett, head of FuturePlan by Ascensus. “I’m pleased to welcome their associates and the experience, expertise, and leadership they bring to FuturePlan by Ascensus.”

“At Pension Strategies, we take the time to listen to clients’ personal and business objectives in order to provide solutions that can meet their needs,” says S. Jill Hastings, Pension Strategies’ chief executive officer. “We look forward to continuing to offer clients the highest level of professional, personal service as part of FuturePlan by Ascensus.”

Arizona is a very important market for us; acquiring Pension Strategies enables our continued expansion that was started with the opening of Ascensus’ Tucson office in 2017,” states Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “Specifically, the Phoenix area is primed for tremendous growth in terms of retirement services—we are delighted to have Pension Strategies, a well-run business with a strong management team, to be a critical part of Ascensus’ geographic expansion into this location.”

 

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 38,000 retirement plan sponsors in over 40 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.


Chard Snyder Recognized by WEX Health for Outstanding Achievement at Annual WEX Health SPARK Conference

Earns Partner Excellence Award for Progressive Healthcare Solutions 

MASON, OH — Chard Snyder, a third-party administrator of employee benefit solutions and wholly owned subsidiary of Ascensus, has been honored by WEX Health with a 2018 Partner Excellence Award for outstanding business achievements. The employee benefit solutions provider received the Solution Visionary Award at the annual WEX Health SPARK Conference held recently in Miami Beach, Florida.

Chard Snyder was selected for the award because of its significant accomplishments in defining the future of healthcare consumerism, creating progressive solutions to improve healthcare experiences for employers and their employees.

“Chard Snyder rivals the best of the best,” said Jeff Young, President of WEX Health. “They offer benefit services and plans that help employers provide opportunities for their team members – opportunities that empower employees to spend, save, and manage the money they work so hard for in more productive and valuable ways.”

“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 nearly 1,500 employers in 40 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 180 team members today. Chard Snyder is a wholly owned subsidiary of Ascensus and the anchor of its Health division. Visit chard-snyder.com or call 833.212.1988 to learn more.

About Ascensus

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