What is the company ascensus?

Ascensus is the largest independent recordkeeping services partner, third-party administrator, and government and health savings facilitator in the United States. We’re also one of the savings plan industry’s leading providers of outsourced services.

Is ascensus an insurance company?

About Ascensus A division of Crump Group, Inc., a leading provider of retirement services and the largest, most diversified wholesale insurance distributor in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs.

Is ascensus part of Merrill Lynch?

Ascensus does a lot of businesses through Merrill Lynch, as well as many other major broker dealers, and has been able to leverage relationships with DCiO providers due to their open platform structure.

How does ascensus make money?

Ascensus services upwards of 54,000 retirement plans, four million 529 college savings accounts and 1.5 million IRAs. It is paid on a fee-only basis by plan sponsors, with payments typically made from plan assets.

What bank does ascensus use?

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has completed the acquisition of the heritage BB bundled retirement recordkeeping business from Truist Bank that was announced on January 6, 2021.

Is ascensus part of Vanguard?

VGI has entered into an agreement with Ascensus, Inc. to provide certain plan recordkeeping and administrative services on its behalf. Ascensus is not affiliated with VMC, The Vanguard Group, Inc., or any of its affiliates.

Is Ascensus a good company?

Great Place to Work, Great management, retirement plan, Benefits. Ascensus gives you the oppertunity to work and show your talents. The salary is competitive and the work life balance is good.

Is Ascensus part of Vanguard?

Is Vanguard and ascensus the same?

Ascensus is not affiliated with VMC, The Vanguard Group, Inc., or any of its affiliates. For more information about any fund, including investment objectives, risks, charges and expenses, call Vanguard at 800-523-1188 to obtain a prospectus. The prospectus contains this and other important information about the fund.