TPA solutions

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 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.


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. ​


Ascensus Appoints Jerry Bramlett as Head of TPA Solutions

Industry Vet Brings Deep Experience in Driving Growth, Innovation, and Organizational Effectiveness

Jerry Bramlett, head of TPA Solutions

Dresher, PA—Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, is pleased to announce the hiring of Jerry Bramlett as head of TPA Solutions. He will report to David Musto, president of Ascensus.

Bramlett will oversee the strategic direction for Ascensus’ newly formed TPA Solutions division, which is now the largest TPA in the country. He will be responsible for P&L management, sales, services, operations, relationship and practice management, and employee engagement and talent management.

Prior to joining Ascensus, Bramlett was managing director at Sage Advisory Services and managing partner at Redstar Advisors. He co-founded The 401(k) Company in 1983, evolving the firm from a TPA to a leading fullservice platform that included TPA, recordkeeping, and advisory capabilities. Bramlett has also served as president and chief executive officer of BenefitStreet and NextStepDC, as a defined contribution strategist for Dimensional Fund Advisors, and as a thought leadership contributor to NAPA Net the Magazine.

Ascensus has acquired 12 companies that specialize in plan-level compliance, administration, and actuarial services since December 2016. As a result, the firm’s TPA Solutions division now services more than 15,000 defined benefit, cash balance, and defined contribution plans. Ascensus’ strategic growth plan in this area includes focusing on organic expansion, offering a broad set of solutions to existing and new clients, making significant investments in acquired businesses to enhance client value, and creating a unified culture that attracts and retains the best talent and clients.

“The head of TPA Solutions is a highly visible role within one of Ascensus’ fastest-growing businesses, which now partners with close to 40 recordkeepers,” says David Musto, president of Ascensus. “Jerry’s experience—along with his sterling reputation in the retirement industry—will no doubt help him to drive critical growth and expansion initiatives for this business segment.”

“Jerry’s commitment to creating and maintaining people-focused cultures throughout his career was something that really spoke to the leadership team here at Ascensus,” continues Musto. “In bringing Jerry on board, we have once again demonstrated our commitment to attracting top-level talent.”

About Ascensus

Ascensus helps more than 8 million Americans save for the future—retirement, college, 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 approximately 54,000 retirement plans, more than 4 million 529 college 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 December 31, 2017, Ascensus had over $163 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 Continues to Expand Retirement and Consumer-Directed Healthcare Capabilities with Agreement to Acquire Benefit Planning Consultants, Inc.

Solutions Provider Enhances Retirement and Benefit Plan Services Offering with Addition of Diversified TPA.

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 Benefit Planning Consultants, Inc. (BPC). Headquartered in Champaign, IL, BPC is a diversified third-party administrator (TPA) that provides retirement and consumer-directed healthcare (CDH) solutions. The firm assists businesses with the design, implementation, and administration of retirement plan services (such as 401(k), 403(b), 457, money purchase, profit sharing and employee stock owner ship plans) and benefit plan services (such as flexible spending accounts, health reimbursement arrangements, health savings accounts, and COBRA).

BPC, which was founded in 1979, serves clients across the nation by providing comprehensive retirement and benefit administration solutions with unmatched customer service. Its business practices, culture, and community involvement have earned accolades from numerous industry and business organizations for service and excellence, including recognition for being one of the Best Places to Work in Illinois in 2013, 2015, 2016, and 2017. Most notably, BPC was among the first TPAs in the country to earn certification from the Centre for Fiduciary Excellence, LLC (CEFEX) for Retirement Plan Administration Service.

“BPC is a great fit for Ascensus from both business and cultural standpoints,” states David Musto, Ascensus’ president. “Designing benefit and retirement plans that meet the needs of companies and their employees while treating clients with the utmost care and respect is very much in line with our mission of helping Americans save for the future—BPC’s talented group of associates will no doubt be an outstanding addition to the Ascensus team.”

“At BPC, we’ve always said that we’re small enough to care and large enough to do the job right,” says Habeeb Habeeb, BPC’s president and chief executive officer. “We’ll continue to maintain that mentality as part of Ascensus, taking advantage of our combined resources so that we can continue to bring passion to our work while placing a high value on our relationships with clients and partners.”

“With BPC, we are excited by the prospect of adding a hybrid TPA that provides a combination of retirement and CDH/benefit continuation services along with a fantastic service delivery reputation,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “We are committed to aggressively growing our CDH and benefit continuation offerings; adding BPC right after our acquisition of Chard Snyder fits this strategy.”

“We will continue to execute on multiple paths to success by acquiring not only standalone retirement TPAs, but also retirement plus CDH/benefit continuation TPAs as we seek to leverage the ongoing consolidation in the health and wealth market segments,” 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 54,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.5 million IRAs and health savings accounts. As of December 31, 2017, Ascensus had over $163 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 Continues to Add to Defined Contribution and Defined Benefit Expertise with Agreement to Acquire Qualified Plans LLC

Agreement Allows Firm to Expand TPA Presence in Southeastern U.S.

Ascensus, a technology-enabled service provider that helps more than 7 million Americans save for the future, has entered into an agreement to acquire Qualified Plans LLC (“Qualified Plans”). The third-party administration (TPA) firm will immediately become part of Ascensus TPA Solutions.

Headquartered in Savannah, Georgia, Qualified Plans provides plan design, consultation, compliance, and administration services for defined contribution and defined benefit plans. The firm’s relationship managers, who average over 20 years of industry experience, oversee every aspect of the retirement planning operation to ensure that plans are as efficient and effective as possible.

“Acquiring Qualified Plans to become part of our TPA Solutions business is another indication of Ascensus’ ongoing commitment to providing high-quality solutions to advisors through a platform-independent, open-architecture business model,” states David Musto, Ascensus’ president. “Qualified Plans’ dedication to outstanding client service makes them a solid addition to Ascensus—we welcome their associates and their expertise in delivering efficient and high-quality plan retirement plans along with administration and actuarial services to our family.”

“At Qualified Plans, we strive to create the perfect plan to fit the needs of our clients,” says John Massey, managing partner for Qualified Plans. “We look forward to continuing to offer our professional expertise and partnership as part of the Ascensus family so that we may assist clients in achieving the long-term results they deserve.”

“The southeastern U.S. is an important market for us, and we are delighted to acquire a well-regarded firm like Qualified Plans,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “Their long track record of providing personalized services on a national scale fits very well with Ascensus’ TPA Solutions strategy. Qualified Plans is one of several additions we will make to our national footprint and capability set in 2018; we see many attractive opportunities ahead.”

About Ascensus
Ascensus helps more than 7 million Americans save for the future—retirement, college, 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 approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.7 million IRAs and health savings accounts. As of September 30, 2017, Ascensus had over $158 billion in total assets under administration. For more information about Ascensus, visit ascensus.com. For more information about Ascensus TPA Solutions, visit tpa.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.


Shannon Kelly and Steve Schweitzer Discuss Ascensus’ Enhanced TPA Experience

In recent article​s published by PLANSPONSOR​ and PLANADVISER​, Shannon Kelly and Steve Schweitzer​ discuss Ascensus’ enhanced digital experience for third- party administrators (TPAs). Ascensus launched a refreshed, ​web-based plan management platform that was designed after surveying the TPA community. Shannon Kelly, president of retirement, says, “The refreshed TPA dashboard—along with the plan and employee websites that were updated earlier in the year—is simple by design in ord​​er to provide user experiences that make plan management and saving for the future as straightforward as possible​.”


Ascensus Addresses Third-Party Administrators’ Need for More Efficient Way to Run Their Businesses

Ascensus, a technology-enabled service provider that helps more than 7 million Americans save for the future, is pleased to announce that it has launched an enhanced digital experience for third-party administrators (TPAs) who use its recordkeeping platform via a refreshed, web-based plan management dashboard. Designed with input gathered directly from the TPA community—along with guidance from partners that work with TPAs (Mutual of Omaha and Vanguard)—this tool offers simple navigation and easy access to resources that can help TPAs better manage their plans so that they can devote more time to building their businesses.

Ascensus, which currently partners with more than 1,000 TPAs across approximately 6,500 plans on its recordkeeping platform, surveyed TPAs to understand their needs and how they want to use online resources.  Responses indicated that there were several areas of interest that TPAs prefer to find quickly, all of which have been enhanced within the updated dashboard’s navigation toolbar for ease of access. Ascensus also focused on increasing satisfaction by making it simpler for TPAs to view their book of business with the firm in one location.

“The refreshed TPA dashboard—along with the plan and employee websites that were updated earlier in the year—is simple by design in order to provide user experiences that make plan management and saving for the future as straightforward as possible,” says Shannon Kelly, Ascensus’ president of retirement. “I’d like to thank Mutual of Omaha and Vanguard for their assistance with this project; by addressing TPAs’ stated needs for more operational efficiency, we hope to free up their time so that they can put more focus on activities that can help them to grow their businesses, such as cross-selling additional services to clients.”

“TPAs play a vital role in the management of their clients’ retirement plans, and we want to make certain that they have the tools that they need to provide the best level of service possible,” states Steve Schweitzer, Ascensus’ senior vice president of marketing, product, and digital. “The enhancements to the TPA dashboard reaffirm Ascensus’ commitment to TPAs and the important work that they do to help their clients save for the future.”

About Ascensus

Ascensus helps more than 7 million Americans save for the future—retirement, college, 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 approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.5 million IRAs and health savings accounts. As of June 30, 2017, Ascensus had over $151 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.


Neil Smith Discusses Consolidation of TPA Practices

EVP Neil Smith provided insight on consolidation trends in the ​TPA market in a recent article published by Employee Benefit News. “A lot of the growth of TPA work came out of the post-[Employee Retirement Income Security Act] time period of the early ‘70s. A lot of them are approaching retirement or looking for ways to facilitate retirement,” he states. This creates the opportunity for larger retirement services firms and TPA businesses to acquire these smaller practices, offering clients more customization and scale.


Ascensus Announces Acquisition of Retirement Plan Administrative Service, Ltd.

Addition of Retirement Administration Firm Expands Ascensus Consulting Business

Dresher, PAAscensus, a technology and solutions provider that helps more than 7 million Americans save for the future, has announced the acquisition of independently owned Retirement Plan Administrative Service, Ltd. (RPAS), an actuarial, consulting, and administrative services firm headquartered in Richmond, Virginia that specializes in qualified plan design, installation, government compliance, and administration.

RPAS, which will become a part of the Ascensus Consulting line of business, provides services that are designed to help plan sponsors maximize the value of their retirement plan. Established in 1981, the firm maintains the highest level of technical and quality control standards while emphasizing responsive and personalized service. Because RPAS is fully independent from investments, it can offer each of its clients a variety of service options based on an employer’s business needs and goals. In addition, the firm has a long history of administering Employee Stock Ownership Plans (ESOPs).

“RPAS is recognized as a premier administration firm for qualified retirement plans,” states Shannon Kelly, Ascensus’ president of retirement. “This acquisition is in line with our goal of aggressively expanding our Ascensus Consulting business as well as Ascensus overall. I’m pleased to welcome RPAS’ clients and associates to Ascensus Consulting and am excited to add ESOP services to our product offering.”

“Becoming part of Ascensus Consulting and gaining access to its resources will allow us to provide the best possible plan design and operation while remaining committed to personal service,” says Burl V. Bachman, president of RPAS. “Our clients can rest assured in the knowledge that we’ll continue to always act in their best interests and maintain loyal relationships that are based on trust and integrity.”
About Ascensus

Ascensus helps more than 7 million Americans save for the future—retirement, college, and healthcare—through technology and service solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of banks, credit unions, states, governments, financial professionals, employers, and individuals. Ascensus supports approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.5 million IRAs and health savings accounts. For more information about Ascensus, visit www.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.