June 27, 2017 4:03 AM ET

Commercial Services and Supplies

Company Overview of Ascensus, Inc.

Company Overview

Ascensus, Inc. provides retirement planning and college savings services in the United States. Its services include outsourcing and product distribution, marketing and sales support, plan design and documentation, investments, employee education, plan implementation and conversion, plan administration and recordkeeping, ERISA consulting and compliance, and trust and custody; and document services, such as contract restatement and amendment, irrevocable trust, rabbi trust, and trusteed buy/sell services. Its solutions also include processing and administration services, such as fully and self-administered programs, tax reporting and year end services, and HSA administration, consulting, educa...

200 Dryden Road

Dresher, PA 19025

United States

Founded in 1975





Key Executives for Ascensus, Inc.

CEO & President
President of Ascensus College Savings
Executive Vice President of Mergers & Acquisitions
Senior Vice President of Client Service
Executive Vice President of Strategic Business Support Services
Compensation as of Fiscal Year 2016.

Ascensus, Inc. Key Developments

Vertical Management Systems Selects Ascensus to Service Retirement Plans on Retirement Revolution

Vertical Management Systems announced its selection of Ascensus as the preferred recordkeeper for plan sponsors on the Retirement Revolution platform. VMS will no longer service plans internally in order to focus on development of the Retirement Revolution platform as well as its process-and-control and data aggregation products. As a result of increased interest in these regulatory technology tools, VMS is committing 100% of its resources to developing innovative technology and software solutions for the financial services industry. VMS chose Ascensus to be its preferred service provider due to its close working relationship and a shared commitment to the small 401(k) plan space. With Ascensus, VMS is confident that its Retirement Revolution clients will continue to enjoy quality, cost-effective recordkeeping services.

Morgan Stanley Wealth Management and Ascensus Collaborate to Create ClearFit, a New, Turnkey Retirement Program

Morgan Stanley Wealth Management announced that it has teamed with Ascensus to develop ClearFit, a retirement program created exclusively for America’s fastest growing segment of the retirement plan market. ClearFit combines the best of both firms: the comprehensive fiduciary services and investment management process of Morgan Stanley with administrative and recordkeeping services of Ascensus. With ClearFit, Morgan Stanley serves as the ERISA Section 3(38) investment manager, assuming the responsibility for selecting the plan’s investments which includes oversight and monitoring of the retirement plan’s fund lineup. Also integral to the new platform is an investment menu that uses a multi-manager approach and non-proprietary funds. ClearFit employs target date models that are based upon Morgan Stanley’s proprietary retirement glidepaths. These models are used to provide employees with an easy way to select investments aligned with their goals and timeframe for retirement. Ascensus leverages its expertise to deliver a high-tech, high-touch experience to help plans remain compliant, offering advanced administrative services that include: Integrated payroll processing with streamlined data delivery options; Retirement account withdrawal, loan and distribution approvals managed by Ascensus; Delivery of certain required notices directly to participants’ homes; Digital and mobile solutions to help boost employee participation. The result is a retirement platform that is designed for ease, saving business owners both time and energy.

Ascensus Appoints Carolyn Fraser as Vice President of Relationship Management

Ascensus has hired Carolyn Fraser as vice president of relationship management. She had been client administration senior manager at Vanguard Group.

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