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US$ 302.5 million (2018) Number of employees. 4,000 (2020) Website. www .ascensus .com. Ascensus, LLC. is an American financial services company. It offers savings plans of various kinds. It was founded in 1980; the head office is in Dresher, Pennsylvania.
Selling retirement accounts First off, Vanguard has decided to sell many (it won’t say how many) small-business retirement accounts, including one of mine, to a firm called Ascensus.
Ascensus is one of the largest independently operated retirement plan service providers in the United States, servicing more than 105,600 retirement plans through various partnerships. The company is focused on giving small businesses the same access to retirement and savings benefits as large-scale corporations. [20]
In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodic employee contributions come directly out of their paychecks, and may be matched by the employer .
A 401(k) is a retirement account that a company may offer to its employees. In some cases, enrollment in the employer’s 401(k) is automatic; in other cases it’s not.
With the declaration of a natural disaster, the couple was able to withdraw $131,578 from their 401(k) retirement funds to cover initial repairs and incidentals, which also cost them a 10% income ...
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
Gen Z workers who are saving for retirement saw their 401(k)s grow faster than millennials' did last quarter, while Gen X topped baby boomers on another milestone, according to data from Fidelity ...
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