DRESHER, Pa., Jan. 24, 2019 /PRNewswire/ -- Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has received the most "Best in Class" Awards among all providers for the under $50 million plan segments in the 2018 PLANSPONSOR Magazine Defined Contribution (DC) Survey. Overall, the firm won a total of 45 awards across the under $5 million, $5 to $25 million, and $25 to $50 million plan segments. Ascensus was also announced as a winner of the 2018 PLANADVISER Adviser Choice Award for recordkeeping services.
For two decades, PLANSPONSOR's annual DC Survey has been a significant retirement industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own plan sponsor clients. Major providers are rated in the various client categories they serve, and benchmark information is collected for plan sponsors to gauge their plans against their peers.
Ascensus received the following "Best in Class" recognition from PLANSPONSOR:
- 16 awards in the under $5 million Micro Market segment;
- 16 awards in the $5 to $25 million Small Market segment; and
- 13 awards in the $25 to $50 million Small-Mid Market segment.
The firm received "Best in Class" status across the three market segments listed above in every possible category for Plan Administration and Sponsor Service/Support. Ascensus' participant call centers were also recognized with top honors across all of these segments, highlighting its service team's exceptional expertise and ability to consult with employees on their savings plans.
Ascensus has also been named a winner in the recordkeeping category of the 2018 PLANADVISER Adviser Choice Awards. The Adviser Choice Awards recognize the firms that retirement specialist advisers favor most as indicated in PLANADVISER's annual Retirement Plan Adviser Survey. Ascensus received top rankings in the following categories:
- Best Overall Service, Micro Plans (under $5 million)
- Value for Price
- Fee Structure for Plan Sponsors
- Fee Structure for Advisers
"We're delighted to receive this recognition from our plan sponsor clients and advisor partners," states Rick Irace, chief operating officer of Ascensus' retirement division. "It validates the work that we do every day to enhance our services based on their feedback."
"These phenomenal results and the industry recognition we've received further strengthen our commitment to delivering the technology and expertise that our clients and their employees need to plan for the future," concludes Irace.
Ascensus will be honored as a 2018 PLANSPONSOR DC Survey Standout and 2018 Adviser Choice Award winner at the 2019 PLANSPONSOR/PLANADVISER Excellence in Retirement Awards on March 28, 2019.
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.