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Ascensus Launches Enhanced SEP and SIMPLE IRA Program


DRESHER, PA, November 28, 2016 -- Ascensus, the nation's largest independent retirement plan and college savings services provider, is pleased to announce the launch of its enhanced full-service SEP and SIMPLE IRA program.

The SEP and SIMPLE IRA program combines best-in-class plan features including flexible fund selection consisting of multiple fund families and ETFs, online processing capabilities, and common remitter services coupled with Ascensus' vast technical compliance knowledge. It offers both commission-based level-compensation and fee-based products that result in minimal administrative burden for the employer.

Plan setup and enrollment occurs online via Ascensus' Small Business IRA Retirement Plan onboarding site, saving the financial professional and employer both time and money. Financial professionals use their existing Ascensus website credentials to access the plan setup site and create signature-ready plan documents for their clients and their clients' employees.

Because plan establishment occurs on the web, employers and employees pay no set-up fees. Employers are also exempt from ongoing administrative fees for the plan.

All program clients have a dedicated IRA service team that works directly with the employer, employees, and the plan's financial professional to support all document, payroll, custodial, payment, and tax reporting needs. SEP and SIMPLE IRA plans are included in the book of business view directly on Ascensus' financial professional website, allowing a financial professional to easily manage these IRA plans along with their other Ascensus qualified plan business.

"With increased federal and state emphasis on employees' retirement readiness, we've designed a program that enables small businesses to offer their employees a plan for retirement with no administrative cost to the employer," states Brad Kraft, Ascensus' president of trust services. "Our SEP and SIMPLE IRA product leverages the efficiency of a paperless plan setup process and offers the value our clients deserve."

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping nearly 7 million Americans save for the future. With more than 35 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and over 3.8 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country. For more information about Ascensus, visit www.ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.


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