Featured Jobs
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BPAS
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Retirement Plan Administration Consultant Blue Ridge Associates
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ESOP Administration Consultant Blue Ridge Associates
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MAP Retirement
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Anchor 3(16) Fiduciary Solutions
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BPAS
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Regional Vice President, Sales MAP Retirement USA LLC
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Retirement Plan Consultants
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July Business Services
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Pentegra
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Retirement Relationship Manager MAP Retirement
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Southern Pension Services
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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BPAS
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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Managing Director - Operations, Benefits Daybright Financial
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Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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Search the News Archive
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214 Matching News Items |
| 1. |
planadviser; registration may be required
Nov. 16, 2023
"Ascensus and its subsidiary, Newport Group Inc., have had their nonqualified retirement plan services affected by a cyberattack on business processes firm Infosys McCamish Systems LLC. The platform that Ascensus and Newport use has not been able to update nonqualified user accounts since November 2."
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| 2. |
InvestmentNews
Nov. 8, 2021
"This deal almost certainly means that 401(k) record keepers will move to stage four of the consolidation curve in the next three years, the stage in which five to seven providers have a 70% to 90% share of the market.... But there are still more than 40 national record keepers, as well as over 400 regional record-keeping TPAs, not to mention well-funded fintechs like Vestwell and Guideline."
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| 3. |
RIABiz
May 2, 2021
"The firm became a private-equity magnet for rolling up third-party administrators of 401(k) and health savings plans, becoming a standalone recordkeeping force rivaling Fidelity Investments and others.... Holding out a couple of years came at a financial cost. Genstar and Aquiline sold 25% of their equity to Atlas Merchant Capital and GIC in 2018 at a far lower valuation."
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| 4. |
ThinkAdvisor
July 2, 2018
"Private equity firms have been eager to buy retirement services providers, which are often ripe for technological innovation and poised to benefit from an aging population. The industry is also dense with small players, creating an opportunity to grow through acquisitions."
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| 5. |
Ascensus
July 4, 2017
"Employees under age 25 represent just nine percent of savers on Ascensus' platform. But ... the average 401(k) account balances of savers ages 25-34 nearly double that of their under 25 cohorts.... HSA owners under age 25 and ages 25-34 represented 20% of all HSAs on the Ascensus platform in 2016.... In 2016, 37 percent of HSA market growth was attributed to high deductible health plans offered by employers. Additionally, 46% of all dollars contributed to an HSA came from an employer."
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| 6. |
Newport Trust Company, LLC, an Ascensus company
Nov. 12, 2025
"QPAM audits verify that an asset manager's practices align with the fiduciary standards required under ERISA. In this guide, [the authors] explain what a QPAM audit is, detail the essential role of independent auditors in verifying ERISA compliance, and provide actionable recommendations for successfully navigating the audit process."
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| 7. |
Ascensus
Nov. 3, 2025
"[T]he Restoring Integrity in Fiduciary Duty Act [S 3086] ... [provides that] fiduciaries would be limited to consider only financial factors of an investment when making decisions about investment options.... [T]he Providing Complete Information to Retirement Investors Act [S 3083] ... would require notices to plan participants each time they allocate money in or out of a brokerage window (i.e., self-directed investments not selected by a fiduciary) and may result in lower returns."
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| 8. |
Ascensus
Oct. 23, 2025
"[FEMA] issued Major Disaster Declarations on October 22, 2025, for [recent disasters in Alaska, North Dakota, Nebraska, and the Leech Lake Band of Ojibwe in Minnesota]. For a limited period following a disaster declaration, eligible IRA owners and employer plan participants may take qualified disaster recovery distributions and recontribute qualified home purchase distributions that they recently received. In addition, plan participants may qualify for plan loan relief and additional hardship distributions."
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| 9. |
Ascensus
Oct. 20, 2025
"The [IRS] has provided reporting relief from the requirement to include a code 'Y' on a 2025 Form 1099-R when reporting qualified charitable distributions from an IRA."
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| 10. |
Ascensus
Oct. 19, 2025
"[T]he Emergency Relief for Federal Contractors Act of 2025 [S 2964] ... would allow penalty-free distributions from eligible retirement plans of up to $30,000 for a taxable year to applicable individuals impacted by a federal government shutdown.... The income from the distribution could be included ratably over a three-taxable-year period and the distribution could be repaid."
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