Ascensus Acquires Wellness & Welfare Variety 5500 Planning and Approach Document Providers Business from ABV Advisors

DRESHER, Pa., March 18, 2021 /PRNewswire/ — Ascensus — whose engineering and knowledge assist hundreds of thousands of folks preserve for retirement, instruction, and health care — is happy to announce that it has obtained the guide of small business of ABV Advisors, a overall health & welfare Form 5500 planning and plan document companies small business. Fiscal phrases of the offer had been not disclosed.

Primarily based in Carmel, Indiana, ABV Advisors is a gain compliance advisory company that serves brokers of employee reward plans, monetary advisors, skilled employer corporations, and affinity associations during the U.S. Its most important specialty is ERISA-relevant compliance for worker reward ideas, together with wrap program documents, preparation of DOL Sort 5500, and Reasonably priced Treatment Act required Types 1094-C & 1095-C.

ABV Advisors’ business will additional extend the ERISA compliance, strategy documentation, submitting, and related solutions that have been among Ascensus’ main offerings for lots of a long time across its Retirement, FuturePlan by Ascensus, and Wellbeing & Gains lines of business. In 2019, Ascensus obtained Wrangle, the country’s industry leader in offering health and fitness & welfare Variety 5500 preparation and linked ERISA compliance products and services. Prior to that, Ascensus significantly expanded its health and fitness profit administration choices, furnishing customer-directed health care and advantage continuation services through the acquisitions of Chard Snyder, Gain Preparing Consultants, Inc., and HR Simplified.

“The workforce at ABV Advisors certainly understands the relevance of an employee benefit approach to a organization and its staff, as perfectly as the complexities of sustaining that strategy,” says Kevin Cox, president of Ascensus’ Retirement line of business enterprise. “Ascensus appears forward to staying a dependable companion and resource for ABV Advisors’ brokers, advisors, and system sponsors by way of our deep industry experience, excellent shopper assistance, and proven technological know-how system.”

“At ABV Advisors, our hugely consultative, client-centric method has permitted us to develop trusting, very long-lasting associations with our clients, such as significant, nationally recognized staff advantages consulting, insurance coverage brokerage, and accounting corporations,” notes Anne Vandeveer, ABV Advisors’ president. “We know these shoppers will acquire the exact significant-contact interactions from Ascensus and seem forward to sharing our decades of expertise and practical experience in continuing to service these consumers.”

“ABV Advisors has labored diligently above the many years to cultivate an very faithful customer base as nicely as a powerful standing for excellence,” states Raghav Nandagopal, Ascensus’ main corporate enhancement officer. “Adding their company lets us to go on to develop on that track record under the Ascensus brand although growing our overall health & welfare Type 5500 and ERISA-connected compliance capabilities.”

“We’re fired up to integrate ABV Advisors’ compliance abilities and make strong, very long-time period interactions with their network of personnel advantage brokers, advisors, and program sponsors,” Nandagopal provides.

About Ascensus
Ascensus allows hundreds of thousands of individuals save for what matters—retirement, instruction, and health care. Via co-branded, non-public-labeled, and other governmental partnerships, our technology, sector insights, and company knowledge enrich the growth and good results of our partners, their shoppers, and savers. Ascensus is the premier unbiased recordkeeping providers company, third-get together administrator, and federal government savings facilitator in the United States. For more facts, take a look at ascensus.com.

Get the newest developments and insights dependent on our proprietary information from much more than 113,700 retirement plans, 6 million 529 accounts, 426,000 wellbeing financial savings accounts, and 23 Ready ideas.* Within America’s Discounts Programs highlights normal price savings stages across these tax-advantaged accounts and showcases approach characteristics that travel participation and advancement. The Condition of Financial savings report outlines how program contribution and withdrawal behaviors have shifted above the study course of 2020 and because the passage of the CARES Act.

*As of December 31, 2020.

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