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View More Press Releases by Ascensus

Press Release

Ascensus Receives Top Honors for Exceptional Support from Retirement Plan Sponsors and Advisors

Issued by Ascensus

Jan. 27, 2020

Firm Receives Most Best in Class Awards in <$50MM Segments in PLANSPONSOR Defined Contribution
(DC) Survey and Wins 2019 PLANADVISER Adviser Choice Award

Dresher, PA—January 27, 2020—Ascensus—whose technology and expertise help millions of people
save for retirement, education, and healthcare—is pleased to announce that it has received the most Best
in Class Awards among all providers for plan segments up to $50 million in the 2019 PLANSPONSOR
Magazine Defined Contribution (DC) Survey. This marks the second consecutive year that the firm has
received the most overall awards for those retirement plan size segments. Overall, Ascensus won a total of
56 awards across the under $5 million, $5 to $25 million, and $25 to $50 million plan segments.

For over two decades, PLANSPONSOR's annual DC Survey has been a significant retirement industry
benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their
own plan sponsor clients. “Plan sponsors rate their providers by category, and those ratings are compared
to benchmarks to establish ‘Best in Class’ standards.”

Ascensus received PLANSPONSOR Best in Class recognition in the following categories:

  • 15 Awards for Technology;
  • 15 Awards for Plan Administration;
  • 9 Awards for Communication and Education;
  • 9 Awards for Sponsor Service/Support; and
  • 8 Awards for Investments and Fees.

The firm received Best in Class status for all plan segments up to $50 million in every possible category for Plan Administration and Sponsor Service/Support. The firm’s participant and plan sponsor websites also
achieved “Best in Class” status across all of these segments, demonstrating that Ascensus’ approach to
digital experiences continues to meet the needs of savers and employers. In 2019, Ascensus received nine
more “Best in Class” awards in the $25 to $50 million plan segment relative to 2018, reflecting an added
investment in products and services for growing businesses.

“We’re thrilled to see that our flexible, scalable service model and leading technology have enabled us to
achieve notable recognition from both our small and mid-sized plan sponsor clients,” states Shannon Kelly,
head of Ascensus’ retirement line of business. “Through our WellBusiness framework, we will continue to
focus on providing value-add services and support that promote plan and overall business health for
employers of all sizes.”

Ascensus has also been named a winner in the recordkeeping category of the 2019 PLANADVISER
Adviser Choice Awards. The Adviser Choice Awards recognize the firms that retirement specialist advisors
favor most as indicated in PLANADVISER’s annual Retirement Plan Adviser Survey. Ascensus received
top rankings in the following categories:

  • #1 for Fee Clarity, Accounting, Disclosure, Benchmarking
  • #2 for Best Overall Service, Micro Plans (under $5 million)  

 “We’re delighted to receive this recognition from our plan sponsor clients and advisor partners,” states Rick
Irace, chief operating officer of Ascensus’ retirement line of business. “These phenomenal results validate
that our expert service and technology continue to deliver on our purpose to help clients and their
employees save for a more secure retirement.”

Ascensus will be honored as a 2019 PLANSPONSOR DC Survey Standout and PLANADVISER Adviser
Choice Award winner at the 2020 PLANSPONSOR/PLANADVISER Excellence in Retirement Awards on
March 26, 2020.

 

View More Press Releases by Ascensus


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.