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Retirement savings. In December 2016, Ascensus was chosen to manage the Oregon Retirement Savings Plan, the first state-sponsored retirement savings plan in the country. With it, Oregon aims to cover around 1 million working citizens who are currently not covered by an employer-sponsored retirement plan. The program launched in July 2017.
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Catch-up contributions allow workers with employer-sponsored retirement plans such as a 401(k) or 403(b) ... catch-up contributions can only be made after taxes to a Roth account. This was ...
FuturePlan by Ascensus, the firm’s third-party administration (TPA) line of business, is the largest retirement TPA in the U.S. Ascensus is a NAFCU (National Association of Federally-Insured Credit Unions) Preferred Partner for the document, compliance, IRA, and health savings account (HSA) administrative services and technology it offers to ...
Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. [2] In April 2014, the company rebranded itself as ...
Payroll taxes are expected to generate $1.56 trillion this year, but the combined costs of Social Security and Medicare are likely to be $2.16 trillion, according to a Congressional Budget Office ...
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Overall, all retirement savers made out better. The average 401 (k) account balance was $112,400 on June 30, up from $103,900 at the end of December. The average IRA balance was $113,800, up from ...