Ascensus strengthens its expertise in defined benefit plans with the acquisition of dedicated defined benefit services



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DRESHER, PA., January 2, 2018 / PRNewswire / – Ascensus, a technology services provider that helps more than 7 million Americans save for the future, has acquired Dedicated Defined Benefit Services (“Dedicated DB”). The defined benefit plan design, administration and advisory firm will immediately become part of the TPA Solutions business line from Ascensus within the company’s retirement division. With the acquisition, Ascensus will be able to offer its clients access to even more pension experience and expertise while adding another location to its geographic footprint.

Dedicated comic, based on Glendale, California, is the only national company focused exclusively on providing defined benefit plans for high-income professionals, small businesses and individuals with self-employment income. The company pioneered the turnkey defined benefit plan, partnering with major financial firms to open simplified, ready-to-use plans across the country.

“We recognized Dedicated DB as an excellent candidate to join Ascensus because of its commitment to helping clients retain more of their income by providing them with the most comprehensive and tax-efficient retirement programs” , declares David Musto, president of Ascensus. “In addition to benefiting from Dedicated DB’s strong AIR relationships, advisors and institutions, we are also delighted to further expand our national footprint and offer our clients enhanced access to deep defined benefit expertise. “

“At Dedicated DB, we pride ourselves on our reputation and do our best to help our clients (financial advisors, CPAs and business owners) achieve their goals,” says Karen shapiro, Managing Director of Dedicated DB. “Becoming a member of Ascensus ensures that we will be able to provide quality, rapid adoption retirement plans for many years to come. “

“Dedicated DB adds very compelling lead search technology to Ascensus’s toolkit,” says Raghav Nandagopal, executive vice president of corporate development and mergers and acquisitions at Ascensus. “We continue to seek out companies that will allow us not only to help Americans save for retirement, college and health care, but also to help our business grow and fuel our continued investment in service offerings and technology. ”

About Ascensus
Ascensus helps more than 7 million Americans save for the future (retirement, college, and healthcare) through technology solutions. With over 35 years of experience, the company provides tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers and individuals. . Ascensus supports approximately 50,000 pension plans, more than 4,529 university savings accounts and a growing number of ABLE savings accounts. It also administers over 1.7 million IRIs and health savings accounts. From September 30, 2017, Ascensus had more $ 158 billion in total assets under administration. For more information on Ascensus, visit ascensus.com. For more information on Ascensus TPA solutions, visit tpa.ascensus.com.

Check out career opportunities at careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.

SOURCE Ascensus

Related links

https://www.ascensus.com


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