Ascensus Announces Acquisition of Matthews Benefit Group
DRESHER, PA, December 16, 2016 -- Ascensus, the nation's largest independent retirement and college savings services provider, has announced the acquisition of independently owned Matthews Benefit Group, Inc., a leading third-party administration firm that provides plan-level compliance, administration, and actuarial services.
Matthews Benefit Group is an independent actuarial consulting and benefits administration firm located in St. Petersburg, FL. The firm employs more than 25 individuals made up of both ERISA and actuarial specialists who support advisor-sold defined contribution and defined benefit plans for over 1,000 clients. As a result of the acquisition, Ascensus will serve over 47,000 retirement plans.
"Matthews Benefit Group's clients, employees, and industry partners will benefit greatly from becoming a part of the Ascensus team," said Eric Brust, chief executive officer of Matthews Benefit Group. "While our clients and partners will continue to receive personalized and thorough attention to their retirement plans, becoming a part of Ascensus will provide them with additional services and technological advantages that only a large national company can provide."
"Matthews Benefit Group brings exceptional actuarial and plan administration expertise as well as a commitment to their clients' success that aligns well with our mission and goals," stated Shannon Kelly, Ascensus' president of retirement. "We welcome their team to the Ascensus family and look forward to working together to drive Ascensus' growth."
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 47,000 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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