Press Release

Ascensus Announces Planned Leadership Succession

Issued by Ascensus

Oct. 8, 2025

David Musto to Become Executive Chairman, Nick Good to Become Chief Executive Officer; Succession to Be Effective on January 1, 2026

Dresher, PA—Ascensus, the leading independent technology and service platform powering savings plans across America, today announced that effective January 1, 2026, David Musto, Chair and Chief Executive Officer, will transition to the role of Executive Chairman. Nick Good, President, will succeed Mr. Musto as Chief Executive Officer. This transition reflects a strategic succession plan developed by Mr. Musto and the Ascensus Board to ensure continuity of leadership for years to come. 

“I am honored to serve as Ascensus’ next CEO and lead this outstanding team,” said Mr. Good. “Our differentiated technology platform, service excellence, and depth of talent position us for accelerated growth and increased market impact in this next chapter." 

Since joining the Company in 2023, Mr. Good has made significant contributions in partnership with Mr. Musto, advancing Ascensus’ transformation into a more client-centric, experience-driven organization. Mr. Good has championed innovation across the business, including sharpening go-to-market strategy and execution, reimagining client and product experience, and advancing a culture of empowerment, professional growth, and client-first thinking.

“First as President, then as Chair and CEO, it has been a privilege to serve Ascensus and our clients, partners, and associates during this period of dynamic growth and transformation, all while navigating extraordinary economic, social, and industry change,” said Mr. Musto. In his role as Executive Chairman, Mr. Musto will remain actively involved, providing strategic and operating counsel to Mr. Good, the management team, and the Board. In addition, Mr. Musto will maintain accountability for key corporate and business development activities and will continue to shape Ascensus’ industry and government relationships.

“I would like to thank the Board and David for their confidence, guidance, and support,” said Mr. Good. “I look forward to continuing to advance the Company’s purpose to support savers across America and champion the client focus and technology innovation that have defined Ascensus’ success.”

About Ascensus 

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow. Ascensus has more than $892 billion in assets under administration and employs more than 5,000 associates as of June 30, 2025.

Ascensus offers comprehensive qualified and nonqualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate-and bank-owned life insurance solutions, and fiduciary and total rewards services. Sitting at the intersection between savers, program sponsors, investment managers and financial advisors, our platforms, industry knowledge, and data-based insights enhance the growth and success of our partners, clients, and savers through co-branded, private-labeled, and governmental partnerships.

For more information, visit ascensus.com.

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.