Ascensus

Ascensus Names Marc Mehlman New Chief Financial Officer

Retrieved on: 
Tuesday, December 5, 2023
Judgement, Growth, Interim management, Ascensus, CFO, Musto, Culture, Interim, Education, ABLE, Management

DRESHER, Pa., Dec. 5, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions save for a better future, announced today that it has named Marc Mehlman its new Chief Financial Officer.

Key Points: 
  • Industry Finance Veteran Brings Expertise in Growth Strategy, Transformation, and M&A
    DRESHER, Pa., Dec. 5, 2023 /PRNewswire/ -- Ascensus , whose technology and expertise help millions save for a better future, announced today that it has named Marc Mehlman its new Chief Financial Officer.
  • Mehlman will assume his new role in early January 2024, and succeed Kate Brennan, who has served as Interim CFO since this summer.
  • Mehlman will report to Ascensus Chair and CEO David Musto and join the Ascensus Operating Committee executive leadership team.
  • "He brings valued perspective as a chief financial officer leading growth and business transformation -- as well as success in general management roles, including overseeing a $1 billion multinational P&L.

Ascensus Announces Spring 2024 Launch of Ascensus | American Funds PEP Solution

Retrieved on: 
Wednesday, October 4, 2023
PEP, Partnership, Senior, Wilshire, Morningstar, Inc., Capital Group Companies, Target date fund, Retirement, Institution, Distribution, Ascensus, Crane, Financial adviser

DRESHER, Pa., Oct. 4, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions save for a better future, said it will begin offering the Ascensus | American Funds Pooled Employer Plan (PEP) solution on its independent, open-architecture recordkeeping platform beginning in spring 2024.

Key Points: 
  • DRESHER, Pa., Oct. 4, 2023 /PRNewswire/ -- Ascensus , whose technology and expertise help millions save for a better future, said it will begin offering the Ascensus | American Funds Pooled Employer Plan (PEP) solution on its independent, open-architecture recordkeeping platform beginning in spring 2024.
  • "We're delighted to partner with Capital Group, home of American Funds, to offer the significant benefits and flexibility our PEP program provides," said Jason Crane, head of Distribution for Ascensus Retirement.
  • American Funds' investment experience and Ascensus' award-winning service are a powerful combination—and all focused on driving better outcomes for partners, clients, and savers."
  • Crane said Ascensus will be the first provider to offer American Funds Target Date Plus.

Ascensus Pooled Employer Plans (PEPs) Surpass $1 Billion in Assets Under Administration

Retrieved on: 
Wednesday, September 27, 2023
Ascensus, UBS, Aprio, LLP, PPP, PEP, PEPS, Alliant, ESOP, Financial adviser

DRESHER, Pa., Sept. 27, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions save for a better future, announced the company has surpassed $1 billion in PEP assets under administration.

Key Points: 
  • DRESHER, Pa., Sept. 27, 2023 /PRNewswire/ -- Ascensus , whose technology and expertise help millions save for a better future, announced the company has surpassed $1 billion in PEP assets under administration.
  • "We're delighted to achieve this milestone in our PEP partnerships, confirming our focus on growing this important offering," said Nick Good, President of Ascensus.
  • Ascensus' PEPs offer a wide variety of savings solutions to plan sponsors, employers, and savers.
  • Newport, an Ascensus company, was one of the first to register as a Pooled Plan Provider in 2021, a key component of any PEP program.

First Wave of Retirement Plans Transition to Ascensus Platform, Expanded Web Experiences, and Enhanced Efficiency

Retrieved on: 
Monday, August 21, 2023
Communication, Small business, DC, Research, ESOP, Thought, Musto, Retirement, Creative, Practice management, Pai, Financial adviser, Ascensus

DRESHER, Pa., Aug. 21, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions of people save for a better future, has upgraded the first wave of acquired Newport retirement plans to its purpose-built recordkeeping platform and enhanced web experiences.

Key Points: 
  • DRESHER, Pa., Aug. 21, 2023 /PRNewswire/ -- Ascensus , whose technology and expertise help millions of people save for a better future, has upgraded the first wave of acquired Newport retirement plans to its purpose-built recordkeeping platform and enhanced web experiences.
  • The initial group of plans made the move in recent weeks and represent the first to receive the benefits of the post-merger unification of Ascensus, Newport, and PAi.
  • "We are thrilled to say the Ascensus migration project has been carried out with great communication and no surprises," said Don Recker, partner and director of Corporate Retirement Plans for Creative Planning Retirement Services.
  • For financial and retirement advisors: Enhanced practice management support delivers new ideas, tools, and resources to help advisors grow and manage their practice, including a new advisor toolkit .

Ascensus Announces Nick Good to Join as President

Retrieved on: 
Thursday, July 13, 2023
Newton, Good, Boston Consulting Group, University of Oxford, Human resources, Perpetual Limited, Core values, ETF, Education, Culture, State Street Corporation, State Street Global Advisors, J O Hambro Capital Management, Musto, State Street, Lingo (VoIP Service operator), Growth, Digital, SSGA, Chair, Corporate development, Cryptocurrency, Management, Finance, Biochemistry, Ascensus

DRESHER, Pa., July 13, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions save for a better future, announced that Nick Good, a 25-year financial services industry veteran with tremendous experience leading business growth both in the U.S. and internationally, will become President of the company, effective September 5, 2023.

Key Points: 
  • Good will report to David Musto, who will continue to serve as Chair and CEO of Ascensus.
  • Good's appointment comes at a time of sustained growth and expansion for Ascensus.
  • We look forward to bringing his deep insights and perspective to our company, and to the benefit of all we serve at Ascensus."
  • Good began his career as a consultant with The Kalchas Group in London and New York and later The Boston Consulting Group in San Francisco.

Betterment at Work Expands Financial Benefits Platform with 529 Savings Solution Powered By Ascensus

Retrieved on: 
Thursday, June 15, 2023
Workforce, Partnership, Better Than Working, Education, Tax, Work, Retirement, Investment, Coverdell education savings account, Book, Betterment, Financial adviser, Tutoring, Life insurance, Ascensus

NEW YORK, June 15, 2023 /PRNewswire/ -- Betterment at Work, a leading provider of modern financial benefits for today's diverse workforce, is launching a 529 Education Savings solution. The new offering represents Betterment at Work's evolution into a financial wellness platform with the 401(k) at its core, as it rapidly scales the number of employers it serves nationwide. 

Key Points: 
  • The 529 solution is provided through a partnership with Ascensus — whose technology and expertise help millions of people save for retirement, education and healthcare.
  • "Adding educational savings to our benefits solution further cements our commitment to help businesses support the financial needs of their employees," said Sarah Levy, CEO of Betterment.
  • "Our customizable financial benefits can be personalized to fit each worker's goals – including retirement savings, emergency savings, and student loan management – all in one place."
  • "We're excited by the opportunity to expand 529 awareness and availability to the Betterment community through this integrated solution," noted Peg Creonte, President of Ascensus Government Savings.

Ascensus Ugift® Program Surpasses $3 Billion in Contributions

Retrieved on: 
Monday, March 13, 2023
Growth, Family, Education, Ascensus, ACH, Friends, ABLE, Retirement, Life insurance

DRESHER, Pa., March 13, 2023 /PRNewswire/ -- Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—announced that more than $3 billion has now been gifted to 529 and ABLE savings accounts through the company's Ugift® program.

Key Points: 
  • Ascensus data shows that more than $1 billion in contributions were received since the program reached $2 billion in January 2022, representing a 50-percent increase in just one year.
  • Gift givers are given a unique code for the beneficiary, which allows them to make contributions simply and securely.
  • The code can be shared with friends and family most easily by sending a text message through Ascensus' READYSAVE 529 mobile app and contributions can be made at any time, either electronically or by mail.
  • Ascensus serves 43 529 education savings plans and 22 ABLE plans as of Dec. 31, 2022.

Ascensus Names Bradley Strock to Board of Directors

Retrieved on: 
Tuesday, February 28, 2023
Marketing, PayPal, Bank of America, Retirement, Bank, Strock, Growth, Commerce, JPMorgan Chase, Education, Management, Ascensus

DRESHER, Pa., Feb. 28, 2023 /PRNewswire/ -- Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—announced that technology veteran Bradley Strock has joined its Board of Directors.                                                             

Key Points: 
  • DRESHER, Pa., Feb. 28, 2023 /PRNewswire/ -- Ascensus —whose technology and expertise helps millions of people save for retirement, education, and healthcare—announced that technology veteran Bradley Strock has joined its Board of Directors.
  • Strock most recently served as PayPal's Global Chief Information Officer, overseeing all internal technologies and scaling the company's global technology and data infrastructure to serve more than 250 million customers across 200 global markets.
  • "Brad brings a wealth of highly relevant technology and business leadership experience across the global financial services industry to the Ascensus Board," said David Musto, Ascensus president and CEO and chair of the Ascensus Board.
  • He previously held leadership roles in marketing operations technology and business process improvement with JPMorgan Chase and First USA/Bank One, respectively.

ECFC Applauds Pending Legislation for Telehealth Extension Under HSA-Eligible Health Plans, Announces New Board Members

Retrieved on: 
Thursday, December 22, 2022
Professional Services, Managed Care, White House, Federal Government, Health, Healthcare Reform, Mental Health, Health Insurance, Public Policy, Government, Insurance, Human Resources, Telemedicine, Virtual Medicine, Ruff, Calendar, Legislation, ERISA, National Society of Certified Healthcare Business Consultants, Fiserv, Mastercard, Federation, Ascensus, Paychex, Health reimbursement account, Fidelity, Letter, HDHP, Conference, Congress, Commerce, United States Senate Committee on Appropriations, HSA, Health insurance, Management, ECFC

ECFC , the leading nonprofit organization promoting choice in benefit solutions, will close the year in praise of the pending legislation for a further extension allowing pre-deductible coverage of telehealth services in a high-deductible health plan (HDHP).

Key Points: 
  • ECFC , the leading nonprofit organization promoting choice in benefit solutions, will close the year in praise of the pending legislation for a further extension allowing pre-deductible coverage of telehealth services in a high-deductible health plan (HDHP).
  • ECFC also announced today the election of new board members.
  • “ECFC applauds Congress in its effort to extend continued flexibility for telehealth under HSA-eligible health plans,” said Christa Day, Executive Director at ECFC.
  • Along with many ECFC member companies, industry organizations and healthcare companies, ECFC has been asking Congress to extend this flexibility as part of a year-end legislative package.

Ascensus Announces Two New Regional Vice Presidents on Their Retirement Sales Team

Retrieved on: 
Monday, November 14, 2022
ABLE, Growth, Eastern Division, Technology, Harman, Government, Pai, Corporation, Industry, View, COBRA, Western Division, Western Michigan University, RVP, Education, Multimedia, Program, Transamerica Retirement Solutions, Retirement, Region, Business administration, Management, Bank, Ascensus

DRESHER, Pa., Nov. 14, 2022 /PRNewswire/ -- Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—has announced the appointment of two new Regional Vice Presidents, Richard Eriksen Jr. and Taylor Harman, to the firm's retirement plan sales team.

Key Points: 
  • Richard Eriksen Jr. joins Ascensus as Regional Vice President covering Michigan and will report to Anthony Bologna, Eastern Division Vice President.
  • Eriksen has held positions in the retirement services industry for several years, most recently having served as Regional Sales Director at OneAmerica Retirement Services.
  • Taylor Harman joins Ascensus as Regional Vice President covering the newly established territory including Iowa, North Dakota, and South Dakota.
  • The company's brands include Ascensus; Newport, an Ascensus company; PAi, an Ascensus company; and FuturePlan by Ascensus.