Ascensus

Ascensus is a leading American financial services company specializing in recordkeeping, tax-advantaged savings, and retirement plan services. Established in 1980, Ascensus has grown to manage over 14 million accounts, overseeing more than $808 billion in assets under administration as of 2024.

Core Services and Offerings

Ascensus provides a comprehensive suite of services designed to facilitate savings and retirement planning for individuals, employers, and financial institutions:

• Retirement Plans: The company offers recordkeeping and administration for various retirement plans, including 401(k), 403(b), Multiple Employer Plans (MEPs), Pooled Employer Plans (PEPs), Simplified Employee Pension Plans (SEP), and Savings Incentive Match Plans for Employees (SIMPLE).
• Additionally, Ascensus provides Individual Retirement Accounts (IRAs) and fiduciary services such as 3(16) and 3(38) support, along with ERISA compliance assistance.
• Education Savings: Through its Government Savings division, Ascensus manages 529 college savings plans, enabling families to save for educational expenses.
• The company also administers ABLE (Achieving a Better Life Experience) accounts, which assist individuals with disabilities in saving for disability-related expenses.
• Government Savings Programs: Ascensus partners with state governments to offer state-facilitated retirement programs, such as Illinois' Secure Choice and California's CalSavers, providing accessible retirement savings options to workers.
• Institutional Insurance and Consulting Services: The company delivers nonqualified deferred compensation plans, institutional insurance solutions (BOLI/COLI), and consulting services, catering to the needs of large organizations and institutions.
• Strategic Technology Partnerships: Ascensus collaborates with financial institutions and government agencies to provide strategic technology solutions, enhancing the efficiency and effectiveness of savings and retirement programs.

Clientele and Partnerships

Ascensus serves a diverse clientele, including:

• Individuals: Assisting individuals in managing and growing their retirement and education savings.
• Employers: Helping employers design and administer retirement plans that attract and retain talent.
• Financial Advisors: Providing advisors with tools and resources to enhance client relationships and business growth.
• Third-Party Administrators: Offering support to third-party administrators in plan management and compliance.
• Banks, Credit Unions, and Financial Institutions: Enhancing financial institutions' offerings with comprehensive retirement plan services.
• State Governments: Collaborating with state governments to implement and manage state-sponsored retirement and education savings programs.

Corporate Values and Culture

Guided by the core values of "People Matter. Quality First. Integrity Always.®," Ascensus fosters a culture of collaboration, transparency, and diversity.

The company is committed to high standards and operates with integrity, ensuring that its services meet the needs of clients and partners effectively.

Location and Headquarters

Ascensus operates primarily in the United States, with its headquarters located in Dresher, Pennsylvania.

It also has an office in Oklahoma City, Oklahoma.