Ascensus Named Retirement Leader of the Year
Ascensus, a technology and service platform for savings plans, announced it was named Retirement Leader of the Year at the With Intelligence Mutual Fund & ETF Awards. The company attributed the award recognition to its digital innovation and strategic merger and acquisition activities. Ascensus provides technology that powers savings plans across the United States.
- The company's headquarters is located in Dresher, Pennsylvania, a neighboring state to Maryland. As of early 2026, Ascensus has over $919 billion in assets under administration and employs more than 5,000 associates. - A key component of its recent growth includes the 2024 acquisition of Vanguard's individual 401(k), multi-participant SEP, and SIMPLE IRA plans, as well as the 401(k) recordkeeping business from Mutual of Omaha. - The firm's leadership structure is currently in a planned transition, with President Nick Good set to take over as CEO on January 1, 2026. Current Chair and CEO David Musto will then transition to the role of executive chairman. - Ascensus serves as the program administrator for state-facilitated retirement savings programs, including CalSavers in California and Illinois Secure Choice. As of April 2024, the company surpassed $1 billion in assets under administration for these types of state-run plans. - In its digital innovation efforts, the company utilizes artificial intelligence and predictive analytics to streamline retirement plan administration and personalize the saver experience. - The "With Intelligence Mutual Fund & ETF Awards" are considered a mark of prestige within the asset management industry, with a history of over 30 years recognizing top-performing and innovative firms. - Ascensus is a privately held company, acquired by financial services-focused private equity firm Stone Point Capital and Singapore's sovereign wealth fund, GIC, in 2021.
