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Ascensus Announces Completion of Truist Retirement Recordkeeping Acquisition
All Heritage BB&T Plans Successfully Transitioned to Ascensus Platform
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DRESHER, Pa., March 5, 2021 /PRNewswire/ Ascensus whose technology and expertise help millions of people save for retirement, education, and healthcare has completed the acquisition of the heritage BB&T bundled retirement recordkeeping business from Truist Bank that was announced on January 6, 2021. Financial terms of the deal, which closed on March 3, were not disclosed.
In total, this transaction covers more than 1,200 plans with approximately 140,000 participants and more than $6 billion in assets all of which have been successfully transitioned to Ascensus platform. With this addition, Ascensus currently serves approximately 115,000 retirement plans with 3.3 million participants and assets under administration of approximately $209 billion.
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Ascensus Receives Top Honors from Retirement Plan Sponsors for Providing Best in Class Support
Firm Wins Most Best in Class Awards for Plans Up to $50MM in PLANSPONSOR Defined Contribution Survey
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DRESHER, Pa., Feb. 1, 2021 /PRNewswire/ Ascensus whose technology and expertise help 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 retirement plan segments up to $50 million in assets in the 2020
PLANSPONSOR Magazine Defined Contribution (DC) Survey. This marks the third consecutive year that the firm has received the most awards for the up to $50 million segment. Overall, Ascensus won a total of 72 Best in Class awards and received the highest Net Recommendation Score among all providers for the $5 million to $25 million plan segment.
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