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Plan Sponsor

The Ascensus Solution

Ascensus understands the complexities and needs of the retirement market. The Ascensus advantage is a seamless, synergistic solution comprised of:

  • full-service recordkeeping and plan administration
  • comprehensive compliance support
  • leading-edge Internet tools

Full-Service Recordkeeping and Plan Administration

Reliable plan processing is the cornerstone of a successful retirement plan and helps to foster long-term client relationships. Automation is key, from an automated process tracking system that checks the status of all transactions, to an electronic fully automated trading platform we offer clients cost efficiencies by leveraging our technology.

At the heart of Ascensus' solution is a fully integrated, robust daily valuation recordkeeping system that delivers:

  • efficient plan installations and conversions
  • access to multiple fund families
  • rapid transaction processing
  • timely and accurate IRS and participant reporting
  • compliance testing

Comprehensive Compliance Support

Providing stellar support to retirement plans goes beyond accurate plan processing. Ascensus offers a "one-stop-shop" approach with plan documents and forms, ERISA consulting, staff education and development and reference materials. Ascensus' comprehensive library of resources translates challenging retirement plan technical information into practical guidance.

Effective Employee Communications

Ascensus’ customized enrollment booklets provide participants with the information necessary to make the right investment decisions, encourage them to contribute to the plan for a longer period of time and result in plan sponsors meeting their enrollment goals.

Each booklet contains customized plan provisions, fund descriptions and asset allocation strategies along with a personalized contribution chart that offers a look at estimated tax savings and projected account balances at various contribution levels. To view a sample enrollment booklet, please click on the link below.

PDFEnrollment Booklet Overview

Faced with the difficult challenge of meeting the reporting needs of various individuals, Ascensus designed its participant account statements to satisfy the needs of a diverse group. Simplified features such as an “Account-at-a-glance” appeal to those interested in the “bottom line.” For those who prefer more detail, each statement includes pie charts of asset allocation strategies, tables showing historical fund performance and a breakdown of the total shares/units held in each fund. To view a sample participant statement, please click on the link below.

PDFSample Participant Statement

Internet Tools

Instant access to retirement plan information is the appeal of Ascensus' Internet tools. Plan sponsors can use the Internet or a 24-hour voice response system to review accounts and initiate transactions.

SponsorinSight™, the plan sponsor web site is Ascensus' answer to the desire to conduct participant and plan-level administration on-line.

Participant-level functionality includes:

  • modifying census data and adding new participants
  • reviewing balances by fund and source
  • modifying contribution elections
  • reviewing transaction history
  • modeling and processing loans
  • modifying contribution elections
  • processing distributions
  • generating statements and enrollment brochures

Plan-level functionality includes:

  • submitting payroll contributions
  • updating, running or approving ADP/ACP tests
  • a Form 5500 data collection questionnaire
  • reviewing plan rules
  • maintaining loan interest rates
  • generating plan-level reports
  • analyzing fund performance
  • reviewing detailed activity history