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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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The Pension Source
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Nova 401(k) Associates
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Merkley Retirement Consultants
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Defined Benefit Specialist II or III Nova 401(k) Associates
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BPAS
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July Business Services
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DWC ERISA Consultants LLC
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BPAS
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Compensation Strategies Group, Ltd.
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EPIC RPS
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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Search the News Archive
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216 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. |
Ascensus
Dec. 3, 2025
"A Trump account contribution program may be offered via salary reduction under a section 125 cafeteria plan if the contribution is made to the Trump account of the employee's dependent but not if the contribution is made to the Trump account of the employee.... The Treasury Department will select one or more financial institutions as a financial agent to serve as trustee of the initial Trump accounts."
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| 7. |
Ascensus
Nov. 23, 2025
"[T]he Health Savings Account (HSA) Consumer Protection Act [HR 6183] ... [would] [1] Remove the exception that permits HSA use for non-health care services without penalty at age 65.... [2] Place income limitations around the payroll tax exemption for HSA contributions.... [3] Require individuals to substantiate that their distributions from HSAs are for qualified medical expenses.... [4] Ensure that institutions offering HSAs do not charge excessive fees and meet basic transparency requirements[.]"
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| 8. |
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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| 9. |
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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| 10. |
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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