Corporate growth

Ascensus Acquires INTAC Actuarial Services, Inc.

Leading Service Provider Expands Its TPA Presence While Strengthening Defined Contribution and Defined Benefit Expertise

Dresher, PA— Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, has entered into an agreement to acquire INTAC Actuarial Services, Inc. (INTAC). The third-party administration (TPA) firm will immediately become part of Ascensus’ TPA Solutions division.

Based in Ridgewood, New Jersey, INTAC provides complete administration of employer-sponsored retirement plans for about 3,000 small to mid-sized companies, their owners, key executives and employees. The firm understands what employers want and need in a retirement plan and delivers solutions through high quality client service—each retirement plan is designed, created, and proactively refined to meet each client’s goals while maximizing retirement benefits. INTAC also provides ongoing education to their clients and the professionals in the communities they service to ensure that they remain abreast of industry changes and issues.

“Like Ascensus, INTAC is committed to excellence in everything that they do—especially when it comes to making retirement plans work for their clients,” states David Musto, Ascensus’ president. “INTAC has one of the lowest employee turnover rates in the industry and has been ranked as one of the best places to work in New Jersey; we’re pleased to have their associates join us to help Americans save for retirement.”

“As a family-run business, we pride ourselves on creating meaningful client relationships and on creating a culture in which employees feel like they’re part of the family,” says Charles Rosenberg, INTAC’s vice president. “As part of Ascensus, we’ll be able to combine our expertise with their resources to continue to provide a proactive, personalized client experience at every interaction with our firm while also offering exciting growth opportunities to our employees.”

“Geographically speaking, the tri-state and greater Delaware areas are important market expansion opportunities for our TPA Solutions division,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “With its strong historical growth, successful long-term track record, and associate-focused culture, INTAC is an ideal business to help Ascensus achieve its immediate and long-term growth plans.”

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus Expands California Presence with Agreement to Acquire QBI, LLC

Defined Contribution and Defined Benefit TPA Brings Product Expertise and Sales Leadership to Ascensus

Dresher, PAAscensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, has entered into an agreement to acquire QBI, LLC (QBI). The third-party administration (TPA) firm will immediately become part of Ascensus’ TPA Solutions division.

Based in Woodland Hills, California, QBI is one of the largest administrators of defined contribution and defined benefit plans in the country. The firm, which boasts a 40-year track record of successfully serving retirement industry needs, works with more than 3,500 plans and employs over 80 employees—most of whom are long-tenured due to the company’s high employee retention rate.

“QBI is a fast-growing company whose expertise in defined contribution and defined benefit plans is matched by their passion for building solid, long-lasting relationships with clients,” states David Musto, Ascensus’ president. “These traits—along with the culture of corporate and associate responsibility that they’ve created—will make QBI a meaningful contributor to Ascensus’ mission to help Americans prepare for the future.”

“QBI has always believed that the best administered retirement plans are supported by a well-established and efficient service model and infrastructure,” says Greg Taylor, QBI’s founder. “I’m looking forward to making QBI even more effective at helping businesses achieve their retirement plan goals as part of Ascensus, as our team will have access to additional resources that will allow us to anticipate and respond to client needs, large and small.”

“We see great potential for QBI due to the tremendous amount of brand equity they possess along with their leadership position in the TPA market,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “In addition, their strong presence in California allows us to increase our footprint in a region that is geographically attractive to us. We will continue to pursue opportunities that can help us grow in this area.”

About Ascensus
Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus Announces Acquisitions of Swerdlin & Company and SES Advisors

Deals Enhance Firm’s Diversified Retirement Offerings and Boost Its ESOP Capabilities

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, is pleased to announce the acquisition of Swerdlin & Company and SES Advisors. Both firms will become part of Ascensus’ TPA Solutions division, bringing considerable employee stock ownership plan (ESOP) capabilities. Swerdlin & Company will also add significant defined contribution and defined benefit expertise.

Swerdlin & Company provides actuarial, consulting, administrative, and recordkeeping services for all types of retirement, health, and cafeteria plans to clients nationwide. Headquartered in Atlanta, Georgia, the firm services benefit plans—including 401(k), cash balance, ESOP and health reimbursement accounts—from all industries for clients in 50 states. Swerdlin & Company works with plans of any size, from sole proprietorships to companies with thousands of employees.

“For almost 40 years, we at Swerdlin & Company have held ourselves accountable for the services we provide and the work we produce,” says Lee Swerdlin, president and chief operating officer for Swerdlin & Company. “We’ll continue this tradition as part of Ascensus, continuously improving client experiences and building long-lasting relationships based on honesty, trust, and mutual respect.”

SES Advisors specializes in employee stock ownership plan (ESOP) administration, consulting, and recordkeeping services. The firm, which is based Valparaiso, Indiana, helps companies administer ESOP plans by balancing the needs of owners and employees to create successful, sustainable employee ownership outcomes. SES Advisors takes a uniquely strategic and responsible approach that maximizes value for owners, their companies, and their employees. SES Advisors’ ESOP transaction and financial advisory practice was not part of the transaction; that business will continue under its current ownership and will be rebranded as SES ESOP Strategies, Inc.

“The team at SES Advisors has worked hard to make our company a leading provider of services throughout the ESOP life cycle,” says Doug Cannon, SES Advisor’s president. “We’re looking forward to continuing to grow our expertise as part of Ascensus so that we can guide clients through the intricacies of running an ESOP.”

“The ESOP capabilities and expertise of Swerdlin & Company and SES Advisors helps Ascensus deliver an even broader set of product solutions to its new and existing clients,” says David Musto, Ascensus’ president. “In addition, the business, personal, and ethical standards to which these companies adhere when working with their clients align perfectly with our own Core Values—we couldn’t be happier to welcome Swerdlin & Company and SES Advisors to the Ascensus family.”

“Both Swerdlin & Company and SES Advisors offered an exciting opportunity to advance our immediate and long-term growth plans via product and geographic expansion,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “Swerdlin & Company is a strong, market-leading TPA in the Atlanta region that offers diversified retirement services, while SES Advisors is an ESOP specialist that will immediately make TPA Solutions a leader in this area of the market.”

“We look forward to helping both of these companies continue to grow as part of Ascensus TPA Solutions,” concludes Nandagopal.

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at http://careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus Appoints Robert Kaplan as Chief Compliance Officer

Well-Established Compliance Expert Will Act as CCO at the Corporate Level and Across Multiple Business Lines

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, announces the appointment of Robert Kaplan as chief compliance officer (CCO).

In this role, Kaplan will act as CCO at the corporate level and across multiple lines of business, including 529 college savings plans and other government-sponsored savings plans. He will also be responsible for the firm’s broker-dealers, investment advisor, transfer agent, and trust companies, developing and instituting organizational programs while leading the compliance team.

Kaplan brings more than 30 years of broker-dealer and investment advisor compliance experience to Ascensus. He previously held the position of vice president and district director for the FINRA district office located in Philadelphia. Kaplan joined FINRA in 2000, serving as deputy director and acting director of the New York district office. Prior to his association with FINRA, he served as senior vice president, secretary, counsel, and chief compliance officer for Fiserv Securities, Inc.

Kaplan holds a B.A. in History from Temple University and a Juris Doctor from Villanova University School of Law. He also attended the FINRA Institute at the Wharton School of the University of Pennsylvania, where he was designated a Certified Regulatory and Compliance Professional.

“Bob’s in-depth legal and regulatory expertise—along with his proven leadership skills—will help to ensure that Ascensus continues to have a best-in-class compliance function,” said Joe Dansky, Ascensus’ head of legal, risk management, and compliance. “On behalf of everyone at Ascensus, I’m pleased to welcome Bob to our organization.”

“Bob’s extensive experience in leading compliance departments at FINRA and in the financial services industry makes him an outstanding choice to oversee compliance at Ascensus,” states David Musto, president of Ascensus. “Adding a seasoned veteran like Bob is yet another example of Ascensus’ ability to attract high-end talent who can contribute to our company’s growth.”

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus Appoints Two New Regional Vice Presidents

Jeff Simes and Bas Van Rhee Join Retirement Plan Sales Team to Support Financial Advisors and Their Business Owner Clients

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, is pleased to announce the appointment of Jeff Simes and Bas Van Rhee as regional vice presidents on the firm’s retirement plan sales team.

In these roles, they will work with financial advisors, third-party administrators, and financial institutions—including outsourcing partners and DCIO (defined contribution investment only) sales representatives—to build and maintain Ascensus’ retirement plan distribution networks. Both Simes and Van Rhee will report directly to Anthony Bologna, vice president of retirement sales at Ascensus.

Simes will represent the Northeast region, covering Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, and Vermont. He brings over 20 years of financial services experience in relationship management, business development, and sales roles. He most recently served as a regional vice president for CUNA Mutual Retirement Solutions and has also held retirement sales positions at Mass Mutual and The Hartford.

Simes earned his Bachelor of Arts degree from University of Massachusetts and his MBA from Bryant University. He also holds his FINRA Series 7, 63, and 24 designations.

Van Rhee will serve the Plains territory, which includes Arkansas, Iowa, Kansas, Missouri, and Nebraska. He has over 10 years of sales and business development experience in the retirement industry. Prior to joining Ascensus, he served as a regional retirement sales representative for Paychex where he was recognized as Paychex’s 2017 district representative of the year.

Van Rhee earned his Bachelor of Arts degree from The Master’s University and his MBA from University of Redlands. He also holds his FINRA Series 6 and 63 designations.

“The extensive knowledge Jeff and Bas bring to the team will push us forward with financial advisors and our customers,” said Jason Crane, head of retirement sales at Ascensus. “We’re pleased to welcome them to our sales team and to leverage their expertise in helping advisors select the right retirement plan for their business owner clients.”

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare— through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus Appoints Christine Chaia as Head of Retirement Marketing

Financial Services Marketing Veteran Will Provide Marketing Strategy and Drive Growth for Firm’s Retirement Division

Chris Chaia, Head of Retirement Marketing
Christine Chaia, Head of Retirement Marketing

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, is pleased to announce the appointment of Christine Chaia as head of retirement marketing. She will be a key leader in driving growth within Ascensus’ Retirement division.

An award-winning marketing executive with more than 20 years of experience, Chaia was previously vice president of consulting & market intelligence at Retirement Research, Inc. She also led marketing for the corporate, government, and non-profit business lines at The Hartford.

Chaia holds a B.A. in English from Keene State College and is currently pursuing her Certificate in Digital Marketing from Duke University. An active participant in industry and trade organizations as well as community leadership, Chaia has worked with organizations such as Dress for Success (career coach and mentor) and Leadership Greater Hartford (chair and member of board of directors).

“Chris’ demonstrated success in marketing strategy, relationship development, and sales growth made her an ideal choice for our head of retirement marketing role,” said Carl Negin, Ascensus’ chief marketing officer.  “Her marketing expertise and leadership in the industry and community will enhance our team and our firm— we’re fortunate to have her on board.”

 

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

 

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.

 


Chard Snyder and City of Mason Celebrate Official Opening of New Corporate Headquarters

Firm adds strengths in employee health, wellness and financial well-being to Mason entrepreneurial hub

MASON, OhioChard Snyder, a third-party administrator of employee benefit solutions and wholly owned subsidiary of technology-enabled retirement, education and healthcare solutions provider Ascensus, has moved into its new corporate headquarters at 6867 Cintas Boulevard in the City of Mason. The newly constructed 53,000 square-foot facility will house the company’s 170 team members, with enough room to accommodate projected growth.

“Our new headquarters marks a transition to the next era for Chard Snyder,” said Joy Snyder, Chard Snyder’s president and co-founder. “It is a sign of our stability and growth, and shows our clients, partners and the community that we continue to evolve while staying true to our values.”

“The Chard Snyder team’s expertise in employee health and financial well-being will be an incredible asset to the culture of wellness we’ve fostered in Mason,” said City of Mason Mayor Victor Kidd. “The company’s forward-thinking approach to personal health is a perfect fit for our entrepreneurial healthcare-focused hub.”

A ribbon-cutting ceremony was held today to officially open the new building. City of Mason dignitaries, representatives from Al. Neyer construction and Chard Snyder executive team members cut the ribbon with many of the company’s employees in attendance.

First announced in February 2017, construction on the new two-story facility began in May 2017. Chard Snyder outgrew its current four-building campus just two miles away in Deerfield Township. When further expansion in that location was not possible, the decision was made to build the new headquarters in the I-71 Innovation Corridor in Mason.

“The new location provides our partners with easy access to our facility, and allows us to be part of a growing local service and technology hub,” Snyder said.

Opening of the new headquarters coincides with Chard Snyder’s 30th year of business. A combined anniversary celebration and new building Open House will take place on June 28 from 3-7 p.m. ET for the company’s business partners.

About Chard Snyder

Chard Snyder provides employee benefit solutions to more than 1,400 employers in 40 states across the U.S. Chard Snyder administers savings and spending accounts (FSA, HSA, HRA, transit & parking), 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 170 team members today. Chard Snyder is a wholly owned subsidiary of Ascensus and the anchor of its new Health division. Visit www.chard-snyder.com or call 800.982.7715 to learn more.

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com and http://www.chard-snyder.com/about/careers/ or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.

About the City of Mason, Ohio

Mason, Ohio, is an established hub for bioscience innovation and includes a business portfolio of advanced manufacturing, healthcare and technology companies. As the largest city in Warren County and part of the Greater Cincinnati region in southwest Ohio, Mason’s economic development mission is focused on attracting and supporting the growth of top companies and creating jobs in these key sectors, while leveraging partnerships to also attract foreign direct investment. Ranked the seventh best place to live by CNN/Money Magazine in 2013, Mason is nationally-recognized for its low cost of living, award-winning schools and its intentional culture of wellness. Visit WhyMason.com to learn more.


Ascensus Appoints Lisa Massena as Vice President of Business Development

Industry Veteran to Partner with States to Design Savings Programs

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, is pleased to announce the appointment of Lisa Massena, CFA, as vice president of business development within its Government Savings division.

In this role, Massena will partner with states and governments that are in the process of developing and implementing retirement programs to address the retirement savings gap of residents. She will also be responsible for establishing industry partnerships and collaborating to build government-based programs to support retirement savings.

Massena brings more than 30 years of financial services and investment management experience to her role. She previously served as executive director of OregonSaves, where

she led the launch of the nation’s first state-sponsored retirement program for private sector employees. She has also held executive positions at State Street and mPower.

Massena holds a B.A. in Business Administration from Portland State University and is a Chartered Financial Analyst.

“Ascensus is committed to bringing innovative savings solutions to states,” says Kevin Cox, head of Ascensus’ Government Savings division. “Lisa is a recognized thought leader in the retirement space and brings strong experience from both the state and private sector perspectives.”

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, education, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports over 60,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of March 31, 2018, Ascensus had over $187 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


Ascensus on the Forefront of the Growing Retirement Savings Industry

A recent Pensions & Investments article ​highlights the appeal of retirement services companies, like Ascensus, to private equity firms. The industry is experiencing active M&A activity as private equity investors pursue stable cash flows, reliable revenue, and guaranteed growth. “Ten thousand people are retiring every day. This is a growth sector with reliable trends,” said Robert Goldbaum, a New York-based partner at Morgan Lewis & Bockius LLP, who specializes in mergers and acquisitions.


David Musto Discusses Ascensus’ Rapid Growth and Acquisition Strategy

In a recent article​ published by RIABiz, David Musto discusses Ascensus’ rapid growth and acquisition strategy. In the past 16 months alone, ​​Ascensus has acquired 14 ​​firms including 401(k) TPAs, health and benefits TPAs, and IRA custodians and administrators. “It’s completely realistic to think there could be a dozen or more acquisitions in any twelve month period,”​​ Musto says. ​