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Ascensus Teams With Morningstar to Offer Managed Accounts Service


DRESHER, PA, September 22, 2016 -- Ascensus, the nation's largest independent retirement plan and college savings services provider, is pleased to introduce recent enhancements to managed accounts that make it easier for employees to implement a personalized retirement savings strategy.

Ascensus has teamed up with Morningstar to offer employees Morningstar's managed accounts service, which can deliver savings rate and investment recommendations, easy-to-understand progress reports, and ongoing account oversight from Morningstar Investment Management LLC's investment professionals. Managed accounts use personal data -- including age, marital status, income, gender, state of residence, savings rate, and current account balance -- to offer employees a personalized retirement strategy tailored to their goals.

Dedicated education specialists are now available to describe the managed account service and enrollment process. This means that employees now have two convenient enrollment methods for this service:

  1. Call to speak with an education specialist.
  2. Visit their retirement account website and enroll via the Learning Center.

Morningstar's research suggests that using managed accounts can potentially make a meaningful impact on helping employees retire on time and on target, as individuals who are enrolled in the service are more likely to have higher savings rates and diversification in their investments.

"Ascensus continues to enhance our services to ensure that employees have the knowledge and support they need to save for a comfortable retirement," states Steve Schaitberger, vice president of participant services at Ascensus. "Through the introduction of experienced education specialists, we hope to help more employees have convenient access to Morningstar's managed account service to implement a retirement strategy that is as personal as their savings goals."

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 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 1.6 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.


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