Ascensus, LLC is a leading provider of savings plan solutions in the United States, specializing in retirement, education, and healthcare savings plans. Headquartered in Dresher, Pennsylvania, Ascensus partners with financial institutions, state governments, and employers to provide recordkeeping, administrative, and program management services. With a commitment to innovation, expertise, and exceptional customer service, Ascensus helps millions of Americans save for the future.

Services and Solutions

Ascensus provides a comprehensive suite of savings plan products and services designed to meet the diverse needs of its clients. Key service areas include:

Retirement Plan Services: Ascensus offers a wide range of retirement plan solutions, including 401(k), 403(b), 457, and IRA plans. These services help employers design and manage effective retirement programs to support their employees’ financial security.
Education Savings Plans: The company provides administrative and program management services for 529 college savings plans and ABLE accounts. These plans help families save for future education expenses and support individuals with disabilities.
Healthcare Savings Plans: Ascensus delivers health savings account (HSA) and flexible spending account (FSA) services, helping individuals and employers manage healthcare costs and save for medical expenses.
Plan Administration: The company offers comprehensive plan administration services, including recordkeeping, compliance, and reporting. These services ensure that savings plans operate smoothly and comply with regulatory requirements.
Consulting and Advisory Services: Ascensus provides consulting and advisory services to help clients design, implement, and manage their savings plans. This includes plan design, investment advisory, and fiduciary support.

Actuarial Opportunities

Ascensus offers a range of opportunities for actuaries, particularly within its retirement and healthcare savings divisions. Actuaries at Ascensus play a critical role in product pricing, risk assessment, and financial forecasting. Key areas where actuaries contribute include:

Product Pricing: Developing and implementing pricing strategies for various savings plans to ensure competitiveness and financial sustainability.
Risk Management: Analyzing and managing the risks associated with savings plans to maintain the company's financial strength and stability.
Data Analysis: Utilizing advanced data analytics to predict trends, improve decision-making, and enhance product offerings.
Financial Forecasting: Creating financial models to project future costs, revenues, and profitability for savings plans.
Regulatory Compliance: Ensuring that savings plans comply with state and federal regulations.

Employee Benefits and Compensation

Ascensus is committed to attracting and retaining top actuarial talent by offering competitive compensation and a comprehensive benefits package. Key benefits include:

Health and Wellness: Ascensus provides comprehensive health insurance plans, including medical, dental, and vision coverage. The company also offers wellness programs and resources to support employee health and well-being.
Retirement and Savings: Employees have access to retirement savings plans, including a 401(k) plan with company match, to help secure their financial future.
Work-Life Balance: Ascensus supports flexible work arrangements, including remote work options and flexible scheduling, to help employees achieve a healthy work-life balance.
Professional Development: The company invests in employee growth through various learning and development programs, including tuition assistance, leadership training, and career advancement opportunities.
Paid Time Off: Generous paid time off policies, including vacation, holidays, and personal leave, are provided to ensure employees can recharge and maintain a healthy work-life balance.

Business Divisions

Ascensus operates through several key business divisions, each specializing in different areas of savings plan administration and management:

Retirement Plan Services: Provides a wide range of retirement plan solutions, including 401(k), 403(b), 457, and IRA plans.
Education Savings Plans: Offers administrative and program management services for 529 college savings plans and ABLE accounts.
Healthcare Savings Plans: Delivers HSA and FSA services to help individuals and employers manage healthcare costs and save for medical expenses.
Plan Administration: Offers comprehensive plan administration services, including recordkeeping, compliance, and reporting.
Consulting and Advisory Services: Provides consulting and advisory services to help clients design, implement, and manage their savings plans.

Summary

Ascensus, LLC is a leader in providing innovative savings plan solutions, dedicated to helping individuals and businesses achieve financial security and success. With a strong presence in the United States and a commitment to exceptional service, Ascensus offers comprehensive savings products and a supportive work environment, making it an attractive employer for actuaries and other financial professionals. Actuarial professionals looking for opportunities at Ascensus can expect to find a dynamic workplace that values innovation, professional development, and employee well-being.

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