TPA solutions

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.


Ascensus Announces Acquisition of Matthews Benefit Group, Inc.

Addition of retirement administration firm continues Ascensus’ growth

 

Ascensus, the nation’s largest independent retirement and college savings services provider, has announced the acquisition of independently owned Matthews Benefit Group, Inc., a leading third-party administration firm that provides plan-level compliance, administration, and actuarial services.

 

Matthews Benefit Group is an independent actuarial consulting and benefits administration firm located in St. Petersburg, FL. The firm employs more than 25 individuals made up of both ERISA and actuarial specialists who support advisor-sold defined contribution and defined benefit plans for over 1,000 clients. As a result of the acquisition, Ascensus will serve over 47,000 retirement plans.

 

“Matthews Benefit Group’s clients, employees, and industry partners will benefit greatly from becoming a part of the Ascensus team,” said Eric Brust, chief executive officer of Matthews Benefit Group. “While our clients and partners will continue to receive personalized and thorough attention to their retirement plans, becoming a part of Ascensus will provide them with additional services and technological advantages that only a large national company can provide.”

 

“Matthews Benefit Group brings exceptional actuarial and plan administration expertise as well as a commitment to their clients’ success that aligns well with our mission and goals,” stated Shannon Kelly, Ascensus’ president of retirement. “We welcome their team to the Ascensus family and look forward to working together to drive Ascensus’ growth.”

 

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping nearly 7 million Americans save for the future. With more than 35 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 47,000 retirement plans and over 3.8 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country. 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.

 


Ascensus Announces Acquisition of National Retirement Services, Inc.

Ascensus, the nation’s largest independent retirement and college savings services provider, has announced the acquisition of independently owned National Retirement Services, Inc., a leading third-party administration firm that provides plan level compliance, administration, and actuarial services.

 

National Retirement Services, Inc., which was founded in 2001 (with predecessor companies dating back to 1923), employs more than 60 individuals made up of ERISA and actuarial specialists. The firm supports advisor-sold defined contribution and defined benefit plans for over 2,000 clients in four locations (Huntington Beach, CA, Charlotte, NC, San Mateo, CA, and San Diego, CA). As a result of the acquisition, Ascensus will serve over 46,000 retirement plans.

 

“Joining the Ascensus family is a winning proposition for both our clients and our employees,” said John Sciarra, president and chief executive officer of National Retirement Services, Inc. “We’ll continue to provide service delivery that ensures accuracy, responsiveness, and timelines—only now we’ll be backed by the resources of the largest independent retirement and college savings services provider in the country.”

 

“One of the things that I value most about National Retirement Services, Inc.’s staff is their culture and commitment to integrity and service excellence,” stated Shannon Kelly, Ascensus’ president of retirement. “Bringing National Retirement Services, Inc. into the fold will expand Ascensus Consulting’s national footprint, which will allow us to offer our services to more clients who are looking for expert retirement plan design and administration while ensuring that current clients continue to receive the care and attention that they deserve.”

 

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping nearly 7 million Americans save for the future.With more than 35 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 46,000 retirement plans and over 3.8 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country. 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.