Technology trends

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.

 


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.

Apple App Store is a registered trademark of Apple Inc.

Google Play and the Google Play logo are trademarks of Google LLC.


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 IT Leaders Tami Evanson, Ravi Vedala Receive 2019 Ones to Watch Awards from IDG

Honorees Recognized for Exceptional Contributions to Firm’s Continued Innovation and Key Initiatives

Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that Tami Evanson, senior vice president of IT, and Ravi Vedala, director of IT applications and engineering, have been named honorees of the 2019 Ones to Watch Award from IDG, the publisher of CIO Magazine, Computerworld, and Infoworld. This prestigious award spotlights rising technology leaders who have what it takes to become the strategic, C-level business technology executives of tomorrow.

Tami Evanson has worked in Ascensus’ IT organization for over 15 years and has contributed to many of the technology initiatives that have propelled the firm’s business forward. In her previous role, she helped Ascensus transition to a DevOps methodology, defining and executing the firm’s software development culture and toolsets. Most recently, Tami has spearheaded M&A due diligence and IT roadmap development. To date, she has successfully integrated 20+ acquisitions into Ascensus’ technology ecosystem.

“Tami approaches every situation looking for win-win outcomes and leverages her knowledge and expertise to find solutions with maximum benefit to all involved. This strength made her uniquely qualified to lead our M&A technology and integration efforts,” states John Schroeder, Ascensus’ chief information officer. “People who work with Tami know that she genuinely cares about them, which helps her establish a strong connection and sense of mutual respect.”

Over his ten-year career at Ascensus, Ravi Vedala has led the development of technology for the firm’s government savings division, working with government partners to build and support websites servicing millions of residents. Most recently, Ravi played an integral role on a high-performing team that was tasked with building a purpose-built technology platform for state-facilitated retirement programs. Today, Ascensus is at the forefront of this technology, supporting dedicated employer and employee websites for participants in existing state programs.

“Ravi brings the perfect balance of expertise, humility, and open-mindedness,” says Schroeder. “His work ethic is truly contagious and motivates his team to do whatever it takes to get the job done. We’re grateful for his continued leadership and his dedication to helping Ascensus and its technology enter an entirely new market in such an impactful way.”

“As CIOs become more involved in corporate-wide decisions and objectives, reliance on qualified and talented people within their IT organizations to manage key projects is critical to overall business success,” notes Tim Scannell, director of strategic content at the CIO Executive Council. “The Ones to Watch Awards are an effective way to acknowledge the success of those individuals who have the right mix of technology and management skills to maintain continuity, drive innovation, and lead solutions teams.”

Evanson and Vedala will accept their awards at the IDG AGENDA19 Conference held March 18-20, 2019.

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 the Ones to Watch Awards

The Ones to Watch awards spotlight rising technology leaders who have what it takes to become strategic, C-level business technology executives of tomorrow. Candidates have a track record of success, an essential blend of communication and collaboration skills and a keen understanding of business goals.

About CIO

CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with key insights on career development, including certifications, hiring practices and skills development. The award-winning CIO portfolio provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. More information on CIO is available at cio.com.

About the CIO Executive Council

Believing in a members-first approach, CIO Executive Council, a division of IDG Communications, Inc., provides strategic leadership development for the transforming C-suite at the world’s most influential and evolving organizations. The CIO Executive Council offers each member a custom engagement experience that draws upon a wealth of programs and services, including: peer-to-peer interactions, a deep industry knowledge base, a range of professional development programs, and media/public relations opportunities that are tailored to an individual’s strengths and career goals. For more information on joining the CIO Executive Council, visit council.cio.com.


Women in Technology Spotlight: Brandy Blum

Business Integration Lead, TPA Solutions

Tell me a little bit about where you attended school and your work history.

I attended St. Cloud State University in St. Cloud, Minnesota. I’ve always enjoyed working. Throughout high school and college, I held a variety of service positions. During my college years I worked at Fingerhut, an online retailer, as a trainer and call center lead.

How did you start your career at Ascensus, and how long have you worked here?

Shortly after college I moved up to Brainerd, MN, took a position with Ascensus, and have been here ever since! I started out in the Client Service call center and quickly transferred to an operations role where I helped with reconciliation and complex operational problems. From there, I continued to move within the company, working as a supervisor of our Participant Call Center and then onto managing our New Business/Transition Services Team. I enjoyed the challenging nature of this roll and appreciated that it involved both service and operations. After a number of years, I transitioned into a Business Development role, where I worked closely with our external sales team by assisting our top tier advisors. I was then asked to take the position of director of Strategic Partners. For the past few years, I have been the director of Digital Programs, primarily working on our plan website. Recently I have been promoted, and am excited to join TPA solutions as Business Integration Lead. At Ascensus, I have had the opportunity to work in service, operations, relationship management, and technology, all at one company.

What made you interested in pursuing a career in technology?

Technology found me. I used to be hesitant of anything technology-related, but I have found through my role, technology is not what it used to be. Technology is heavily intertwined with service and operations. In order to build websites and create self-service on the web, you need to be able to understand user needs. I bring a different aspect to our technology side of the business because I work with our customers to understand their needs and offer web solutions. I help design our website in a simple and easy way to provide our users with the information they need.

Another reason why I like the tech industry is that it’s very fast paced and things are constantly changing. I like to be busy and feel challenged.

What makes working on the IT team at Ascensus different or unique?

We have a very diverse group of individuals, which helps us understand our users better. We have different backgrounds and think about a user perspective differently, which allows us to build items with a more diverse group of people in mind. The culture at Ascensus is great, we all come together and act in the best interest of our clients.

Looking back five or ten years, what career advice would you give your younger self?

Take the chances, learn new things, and continue to learn. For me, I wish I wouldn’t have been so intimidated by technology years ago. I think you should put yourself in uncomfortable positions to learn and grow personally and professionally.

In your opinion, what’s the biggest challenge women face in the technology industry?

I think many woman feel similar to how I felt, technology is intimidating. I had a different perception of what technology was, I think many females feel that same way. This perception that myself and many other females have is what technology used to be many years ago. Technology today has evolved, it’s about customer interaction, having empathy for our users, and being able to understand them and their needs.

It’s great to see the push in STEM and mathematics for girls and young women, it’s important that they are exposed to technology early on.

Are there any current technology trends that emerging technologists need to know about?

I think the trend is really listening to your users’ wants and need. Users want to be given information that they need, they don’t want to try and find it. Technology is no longer in the background and separated from the rest of the business, it’s now a front-end client service role.

Who is your biggest role model and how did they inspire you?

I have a number of role models for various reasons. Growing up, my mother was by far the most patient and open-minded person I have ever known, and my father is very driven, detailed, and organized. I feel like I was able to learn and grow from both of them for very different reasons. I’m very fortunate to have very supportive, driven, and wonderful people in my life. My husband and mother-in-law are two people that have inspired me to be the best person that I can be. They have given me the confidence to move into different aspects of the business, including technology.

Why do you like working for a company that helps people save for life’s most important events?

There are many reasons why I like working for Ascensus–the tools that we’re building are made to help educate and help individuals prepare for life’s most important things. We’re helping over 8 million Americans currently, and are growing that number all the time.

 


Women in Technology Spotlight: Tami Evanson

Senior Vice President, IT Management

Tell me a little bit about where you attended school and your work history.

I went to the University of Minnesota where I majored in Women’s Studies. After school I expected to pursue a career in human or health services. A series of opportunities led me on a different path.  Technology was fascinating and rapidly evolving at the time. I decided to pursue technical certifications, and held several roles including network design consultant, field engineer, Microsoft and Novell technical instructor, and technical writer.

How did you start your career at Ascensus, and how long have you worked here?

After moving to Brainerd I was consulting, which in a small town was not always challenging. In 2003, I started as a technology site manager for BISYS and have been here for the past 15 years. Along the way, there have been so many opportunities to continue to evolve within Ascensus as we’ve grown and changed as an organization; I’ve been fortunate to work in nearly every aspect of IT.

What made you interested in pursuing a career in technology?

In college I worked at an IT help desk; it paid well and was flexible. I didn’t think it was going to be my career. Timing was perfect – seeing the rapid advancement in the adoption of technology to change business process and service delivery for both large and small organizations – it was an exciting time and I wanted to be a part of it.

What makes working on the IT team at Ascensus different or unique?

Tremendous growth and investment in technology provides for exciting opportunities, which makes Ascensus an attractive company for people wanting to grow in their careers. We have consistently been an IT organization that values everyone’s input and allows for creativity and risk taking.

Looking back five or ten years, what career advice would you give your younger self?

I would tell my younger self to be open minded and take more risks. Get comfortable being uncomfortable, because this is where the exciting opportunities exist.

In your opinion, what’s the biggest challenge women face in the technology industry?

Statistics highlight the challenges for women in technology; women hold roughly 25% of tech jobs overall and about 10% of executive IT leadership positions. Having said that, throughout my career I’ve seen positive changes in the experience for women, with more advancement opportunities and a changing work environment that provides more flexibility, which I’m hopeful will steer more women toward a career in technology.

Are there any current technology trends that emerging technologists need to know about?

Narrowly focused AI leveraged for specific tasks is in play for our industry today. It will be very interesting to see a broader application of AI solutions and how this changes the customer experience.

The other area to watch is around Blockchain technology and the practical application across various industries. It will be interesting to see how this could reduce inefficiencies especially in the financial marketplace. Though not new, the practical application and adoption is in very early stages.

Who is your biggest role model and how did they inspire you?

I’ve been blessed with a lot of great role models, but the most influential is my father. He is a great success story and has never let it change who he is or how he treats people. He taught by example the value of hard work, and understanding when to sacrifice, and when not to, to move forward.

What kind of projects do you work on?

I work closely with the Corporate M&A and Integration teams to support various acquisition and integration activities. We are also developing and executing an IT roadmap to support our growing lines of business to scale and fully leverage available corporate services.

 

 


Rick Fitzer Discusses St. Cloud State University’s Software Engineering Programs

In a recent article published by St. Cloud State Today, VP Rick Fitzer discusses St. Cloud State University’s software engineering programs and his role on their advisory panel. ​“A thirst for learning is a necessity in IT,” Fitzer said. “People who have the skills and are passionate about it are already in high demand and that is only going to grow.”​


Women in Technology Spotlight: Jasmine Dedhia

Director, IT Quality Assurance

Tell me a little bit about where you attended school and your work history.

I grew up in Mumbai, India, and received a Bachelor’s in engineering and computer science at the University of Mumbai. I have 14+ years of experience as a technologist in the financial services industry. In the United States, I worked as quality assurance lead at Fidelity Investments. I then continued to pursue other opportunities at companies like Upromise Investments, CGI, and Merrill Lynch.

How did you start your career at Ascensus, and how long have you worked here?

I worked at Upromise Investments for 3 years, between 2006 and 2009. I rejoined the company in 2014 after it had been acquired by Ascensus.

What makes working on the IT team at Ascensus different or unique?

Cultural diversity is what makes the IT team at Ascensus unique and exciting to be a part of. It’s amazing to work with highly-skilled individuals on cutting-edge technologies. Such diverse cultural perspective inspires creativity and drives innovation.

Looking back five or ten years, what career advice would you give your younger self?

Never stop learning. Especially in technology, there’s always something new to explore. It’s important to stay on top of the newest technologies available. Self-growth is the key to living a fulfilling life and to having a successful career. My second piece of advice is to remember that the only constant in life is change. Never get too comfortable. Whether it’s organizational, technological, or even meteorological, any change can impact your life and career.

In your opinion, what’s the biggest challenge women face in the technology industry?

Women require much more confidence and courage to play the same leadership role as men. A higher standard is expected of women. We have come a long way, but it still remains a male-dominated industry. Women tend to bring more communication, collaboration, expert coaching, and passion to the workplace, in addition to technical and problem- solving skills.

Are there any current technology trends that emerging technologists need to know about?

Blockchain, internet of things, quantum computing, and immersive technology should be on technologists’ radar. In the financial industry, blockchain will have a significant impact on security. Quantum computing will heavily influence the way statistics are generated and data is analyzed. Lastly, immersive technology will transform the customer experience across various industries.

Who is your biggest role model and how did they inspire you?

My aunt is my biggest role model. She’s a physician at Beth Israel Medical Center and is a part of the faculty at Harvard Medical School. Her leadership, confidence, and humility have touched me in many ways. I am impressed by her dedication to her career and ability to maintain work-life balance. Another role model of mine is Peg Creonte, our senior vice president of business development here in the Ascensus government savings division. Her passion, leadership, and commitment to the organization is an inspiration for many of us. I look up to Peg’s winning attitude and her humble personality, both of which have helped her make strides at Ascensus.

Why do you like working for a company that helps people save for life’s most important events?

Saving money is incredibly important for financial well-being. It gives me the immense satisfaction that I am able to help people improve their financial health by supporting the technology behind college, retirement, and health savings accounts.


Ascensus Joins the Symitar Vendor Integration Program (VIP)

VIP Will Enable Ascensus to Integrate with Episys to Help Clients Save Time and Reduce Risk

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, today announced that it has joined the Symitar® Vendor Integration Program (VIP). Participation in the program will provide Ascensus with access to Symitar’s technical resources to enable IRAdirect express™ to integrate with Episys®—the leading data processing system in the United States in all asset ranges over $50M. The VIP is designed to help ensure that Symitar’s customers can easily deploy third-party products.

After the integration with Episys via SymXchange™, IRAdirect express will give Ascensus’ clients the ability to enter IRA transactions to their core processing system and IRAdirect in one easy step. They can post to both systems in real time, making IRA transactions easier and more efficient while helping to avoid common input errors.

IRAdirect express integrates with Episys via SymXchange™, a services-based programming interface that enables third-party vendors and credit unions to access the platform’s core data and business rules. The integrity of data is maintained throughout any data exchange, because access to business rules and data is managed through a service layer which governs these interactions.

“Ascensus is excited to join the Symitar VIP, as integrating will allow users to experience increased IRA processing accuracy while reducing their risk of non-compliance,” says Steve Christenson, Ascensus’ executive vice president of retirement and health services. “As a result, our clients will be able to spend less time on back-office administration and more time growing their businesses.”

The service is expected to be available on August 13, 2018.

Symitar’s VIP takes the customer out of the middle, providing vendors with direct access to Symitar’s technical resources and test systems. VIP inclusion is not an endorsement of the vendor’s product.

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.

About Symitar
Symitar®, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is a provider of integrated computer systems for credit unions of all sizes. Symitar has been selected as the primary technology partner by more than 800 credit unions, serving as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information about Symitar is available at www.symitar.com.

About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve almost 10,600 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.


Ascensus Ranked a Top 5 Retirement Plan Provider

In a recent ​Cogent Reports annual study, Ascensus was ranked a top 5 retirement plan provider most likely to be considered by small to mid-sized business owners. “When asked to pinpoint the reasons why they’re likely to switch providers, Small-Mid plan sponsors cite issues with fees, choice of investments, and participant service most often. Yet the factors that these plan sponsors seek in a new plan provider include the more personal aspects of trustworthiness (being a company plan sponsors trust), acting in the best interest of participants, and a perception of being easy to do business with,” the report indicated.